Executive Summary
Myanmar’s Internal Revenue Department issued Announcement No. 105 on October 20, 2026, reminding Yangon Region taxpayers of their income tax filing obligations for the 2025-2026 fiscal year. The standard filing deadline is December 31, 2026, with penalties of 10% of tax due plus 1.5% monthly interest for late submission.
Secondary Regulatory & Regional Updates
- Yangon Region Income Tax Filing Requirements: The IRD reiterated mandatory annual income tax filing for all resident individuals (Form IT-1) and entities (Form IT-2) in Yangon Region for FY2025-26. Electronic filing via the IRD e-filing portal and mobile application is encouraged. Taxpayers must retain supporting documents—including salary certificates, audited financial statements, and withholding tax certificates—for at least five years. Non-compliance penalties include a 10% late-filing penalty on tax due plus 1.5% monthly interest on outstanding amounts under Section 31 of the Income Tax Law. IRD Announcement No. 105
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.