Myanmar Accounting Tax

Myanmar Advance Guide

Myanmar Accounting Tax (as of June 2020)

1. Myanmar accounting and tax overview

Accounting standard
Compliant with almost IFRS
Corporate Income Tax25%
Commercial Tax5%
Personal Income TaxResident 0-25%
For Residents allowance, spouse, dependent and child
Non-resident 25%
Fiscal year
Corporate/ branch/ individual
(End of December is deadline for Income Tax)
The current period is only allowed.

2. Myanmar tax capital gains tax

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,

3. Myanmar tax withholding tax

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 servicesResident 0%
Non-Resident 2.5%
DividendResident 0%
Non-Resident 0%
InterestResident 0%
Non-Resident 15%
RoyaltyResident 10%
Non-Resident 15%