The Ministry of Planning and Finance issued Notification 20/2022 on 31 March 2022 reiterating that companies and non-profit organizations were required to obtain a Taxpayer Identification Numbers (“TIN”) with the Internal Revenue Department (“IRD“).
Under this Notification, companies and non-profit organizations that have not yet secured a TIN must apply for one by these deadlines:
Taxpayer | Deadline |
1. For companies and organizations that were registered with the Directorate of Investment and Company Administration before 1 April 2022 but have not yet secured for a TIN | Before 30 June 2022 |
2. For non-profit organizations that were registered with a Myanmar government agency before 1 April 2022 but have not yet secured for a TIN | Before 30 June 2022 |
3. For companies, organizations and non-profit organizations that are incorporated or registered on or after 1 April 2022 | Within 90 days from the date of incorporation or registration |
Please note the taxpayer will use the TIN for the purposes of tax payments, correspondences with the IRD, and business transactions (e.g., application for export and import licenses and tender bids).
This Notification became effective on 1 April 2022.
If you have any questions or need assistance on this matter, please do not hesitate to contact us.
The information provided here is for information purposes only and is not intended to constitute legal advice. Legal advice should be obtained from qualified legal counsel for all specific situations.