Myanmar PE rm Ascent Capital closes maiden fund at $88m

Singapore-registered, Myanmar-focused private equity firm Ascent Capital has held a final close of its debut fund at $88 million, after collecting over $80 million by June this year, according to a press release. Launched in the first quarter of 2018, the Ascent Myanmar Growth Fund I (AMGF) was seeking to raise between $50 million and […]

Insight into tax audit activities in Myanmar

AS A LONG-TIME professional in the taxation field, I often receive questions from businesses regarding tax-audit activities of the authorities and how to effectively minimise the likelihood of such audits, especially when it is time to request for tax refunds. Businesses, especially multinational companies operating in foreign jurisdictions, are generally uncertain about taking any course […]