DFDL Myanmar

On 23 September 2024, the Internal Revenue Department (“IRD”) released a statement announcing that the IRD launched its Tax Payment Hub Portal.

This Portal, which became available starting 1 September 2024 is an electronic payment platform available on the IRD’s website, allowing tax payments through mobile payment options. It expands the previous e-payment portal, which was limited to MPU’s Debit Card (e-Commerce).

This Portal is available to the following taxpayers who hold a valid Taxpayer Identification Number:

  • Companies under Large Taxpayers’ Office (LTO-1 and LTO-2),
  • Companies under Medium Taxpayers’ Office (MTO-1, MTO-2, MTO-3, MTO-4, and MTO-5), and
  • Individual taxpayers under Township Tax Offices

The IRD first implemented an electronic tax payment system in 2018, and it broadened the payment options to include m-Banking, e-banking, i-banking, and mobile payment platforms. Prior to the introduction of the Tax Payment Hub, taxpayers have the following e-payment options for settling tax payments:

  • Online payment through MPU Debit Card with e-Commerce option; and
  • Mobile payment system (AYA, CB, KBZ and MAB), or online payment from the local bank accounts (using CBM- NET system)

With the launch of the Tax Payment Hub Portal, taxpayers can now make electronic payments through the IRD’s system using the following methods:

  1. UAB Bank’s mobile payment services such as “UAB Pay” and “UAB banking”, or
  2. MPU Debit Card (e-Commerce)

The IRD encourages taxpayers to use e-payment options to simplify and streamline the tax payment process. By using digital platforms such as mobile banking, online banking, and other electronic payment methods, taxpayers can avoid the inconvenience of visiting physical tax offices, reduce paperwork, and minimize the risk of errors from manual submissions. E-payment systems also offer a secure and efficient way to process transactions, helping both taxpayers and the government by reducing processing times, improving record-keeping, and ensuring timely payments.

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.

Jack Sheehan, Partner, Head of Regional Tax, Thailand

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DFDL Myanmar

Founded in 1995, DFDL is one of the oldest foreign legal and tax firms in Myanmar.

DFDL provides a full range of legal and tax services to foreign and local investors operating in Myanmar. Our team of more than 30 experienced local lawyers and foreign legal advisers in Yangon and Naypyidaw provides efficient, effective, and practical legal services at an international standard, coupled with a high level of personal in-depth knowledge of the local environment.

DFDL is best placed to advise Asian and international companies on their investments in Myanmar.

Our Myanmar business unit is led by Partner and Managing Director William D. Greenlee, Jr.

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