Myanmar imposes stamp duty on a wide range of contracts and instruments. This stamp duty applies to any instrument that creates rights or liabilities which is executed in, or brought into, Myanmar. Instruments are required to be stamped before or at the time of execution or, if executed abroad, within a specific time frame from the date the executed document is brought into Myanmar. The applicable stamp duty ranges from a nominal flat fee to a significant percentage of the assessed value.
Failure to comply with these requirements can impact upon the admissibility of documents in court proceedings and their possible confiscation by government officials. The penalty for late stamping can be up to ten times the original duty obligation.