24 Nov 2016
MYANMAR: End of Unlicensed Non-Tax Paying Real Estate Agents Now In Sight
Real estate agents and brokers are to be licensed and properly taxed under new legislation designed to regulate this emerging sector in Myanmar. At present, it is not uncommon for unregistered agents and brokers to swindle customers, while avoiding paying any tax.
No date has been announced for the introduction of the new regulations, which are also expected to make the sector more attractive to foreign investors.