18 Aug 2017
MYANMAR: Companies Listed on Yangon Stock Exchange Now Qualify for 5% CIT Cut
Companies listed on the Yangon Stock Exchange (YSX) are now eligible to pay corporate income tax (CIT) at a lower rate of 20%, which is a 5% cut from Myanmar’s standard CIT rate.
The move comes as part of the government’s bid to encourage more businesses to list on the YSX and provide a boost to the country’s sluggish capital market. Since its founding in December 2015, only four companies have listed on the YSX so far.