Myanmar |
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| Income Tax Rate | 3% - 50% | | Corporate Tax Rate | 30% | | Sales Tax / Service Rate | 0% - 200% | | Withholding Tax | 3.5% - 15% |
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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. |
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Corporate Tax |
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| Myanmar corporate tax rate is 30% and charged on the income derived from sources in Myanmar and foreign-sources outside Myanmar. |
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Withholding tax |
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| Payment on income is subject to withholding tax at various rates ranging from 3.5% to 15% as shown below: |
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| 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% |
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| There is no withholding tax on dividend in Myanmar. |
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Tax incentives for SMEs |
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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.
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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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