Regional legal and tax advisory firm DFDL recently conducted a knowledge-sharing session with high level officials from the Internal Revenue Department (IRD) in Nay Pyi Taw, the firm said.
“Central to the discussions were the tax issues faced by international clients in the current business environment in Myanmar,” said DFDL Partner Jack Sheehan.
The session, held in collaboration with DFDL’s alliance transfer pricing firm Quantera Global, was attended by about 40 senior tax directors and technical officers of the IRD.
During the session, Sheehan, Tax Director Bernard Cobarrubias and Quantera Senior Partner Steven Carey shared experience with Myanmar’s leading tax officials on regional and international tax trends, double tax treaties and transfer pricing.
“As international investors increasingly enter Myanmar, the IRD there was particularly keen to hear those issues as well as cases and practical examples from other tax jurisdictions,” Sheehan added.
DFDL maintains offices in Myanmar’s commercial hub Yangon and the capital Nay Pyi Taw.