Myanmar |
|
| Income Tax Rate |
3% - 50% |
| Corporate Tax Rate |
30% |
| Sales Tax / Service Rate |
0% - 200% |
| Withholding Tax |
3.5% - 15% |
|
|
Personal Income Tax |
| Individual income is taxed at the progressive rates ranging from 3% - 50% in Myanmar. Foreigners are considered tax resident who will be taxed at the progressive rates between 3% - 30% if he/she is in Myanmar for 183 days or more. Non-resident foreigners are taxed at a flat rate of 35% or at the progressive rates mentioned above, whichever is greater. |
|
Corporate Tax |
|
| Myanmar corporate tax rate is 30% and charged on the income derived from sources in Myanmar and foreign-sources outside Myanmar. |
|
Withholding tax |
|
| Payment on income is subject to withholding tax at various rates ranging from 3.5% to 15% as shown below: |
|
| Types of taxable income |
Tax rate |
| Payment for resident or resident foreigner |
Payment for non-resident |
| Interest |
15% |
20% |
| Patent (Royalties) |
15% |
20% |
| On contracts |
3% |
3.5% |
|
|
| There is no withholding tax on dividend in Myanmar. |
|
Tax incentives for SMEs |
|
Direct tax |
- Small enterprises not covered by the Income tax Law are subject to pay under the Profit tax law.
- Profit tax is charged on Income from small scale owners who do not keep proper book of accounts.
|
|
Indirect Tax |
| Commodities produce by enterprises established in Industrial Zone are required to pay only 20% of actual Commercial Tax due |
|
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