|Compliant with almost IFRS|
|Corporate Income Tax||25%|
|Personal Income Tax||Resident 0-25%|
For Residents allowance, spouse, dependent and child
Corporate/ branch/ individual
(End of December is deadline for Income Tax)
The current period is only allowed.
If the amount of fixed assets sold exceeds 10,000,000 Kyat annually, 10% tax is imposed on the profit on sale. According to the union tax law chapter VI, section 28,
Withholding tax summary
When selling goods or providing services in Myanmar, it is necessary for the payer to collect and pay the corporate income tax of the recipient in advance. Myanmar withholding tax has different tax rates depending on whether the Myanmar resident receives or when the Myanmar non-resident (the Myanmar branch of the Foreign located Company and the Foreign Located Company) receives.
|Product sales and services||Resident 0%|