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In recent months, the Myanmar authorities have released several changes in tax and corporate regulations which will impact U.S. companies and other businesses operating in Myanmar.Representatives from the AMCHAM Legal Committee and Tax Committee will present the updates you need to know to keep your company compliant heading into the new year. DFDL will share updates on recent legal changes, including:- Directive 17/2019 on Disclosure of Beneficial Ownership- IP: Trademark registration procedures update- Offshore Remittance Business License RegulationsKPMG will share with attendees some of the key changes in tax regulations, which include the following:- Union tax law 2019- Changes to penalties in stamp duty regime- Practice changes in the IRDDate and Time: Wednesday, December 18, 9:30 am to 11:30 amVenue: AMCHAM Myanmar Office (#19-09, 19th Floor, Sule Square, Kyauktada Township)Cost: USD 20 (30,000 MMK) per member; USD 30 (45,000 MMK) per non-memberBooking deadline: Monday, December 16About the speakersThomas Chan is a Partner at KPMG, based in Myanmar. Before moving to Myanmar to head the tax and regulatory practice, Thomas has had extensive experience in advising multinational clients from various sectors on tax advisory, compliance and regulatory matters. In particular, Thomas spent time serving clients in Indonesia, Australia, Singapore. Thomas was one of the first to serve clients on-site in Myanmar, where he has put his experience to good use in assisting clients to deal with the practical issues with inbound and outbound investments, group restructurings including as part of an M&A process. Amongst others, Thomas’ major projects on advising multinational enterprises and local businesses involved MIC and SEZ investments, significant investments by multinationals into Myanmar. His clients are involved in a broad range of industries including banking, insurance, consumer goods, wholesale, agriculture, shipping, oil and gas, mining. William D. Greenlee Jr. is a Partner and Myanmar Managing Director of DFDL. William’s practice focuses on M&A, corporate, banking, project finance and securities. He has extensive experience with international companies investing into Myanmar and Southeast Asia. Such investments include all sectors including power, infrastructure, oil and gas, banking (including fintech), manufacturing, education, and telecommunications. He has advised on Myingyan, the first internationally tendered power project in Myanmar. He is involved in negotiating, structuring, documenting and managing large transactions for private equity and opportunity-fund companies and other international companies throughout Asia. As well as running the DFDL Myanmar offices, William co-heads the firm’s regional China Desk, which acts as a hub for Chinese investment into Myanmar, Southeast Asia and South Asia.
