Myanmar Tax

 

With-Holding Tax

 

Resident

Non-Resident

Dividend

0

0

Interest

0

15%

Royalties

15%

20%

Capital Gain*

10%

10%

Others#

2%

3.5%

 

* include sales of land, building, share and bonds
# payment to 3rd parties for procurement of goods and services

Resident is defined as a company that is incorporated under the Myanmar Companies Act or a foreigner that has done business in Myanmar for ≥183 days in a year.

Company Tax

Company that is resident in Myanmar is taxed at 25%. Non-resident company such as a Branch Office are also taxed at 25%.

Commercial Tax

This is a sales turnover tax that has different tax rate depending on the category. For most goods & services it is taxed at 5%. For alcoholic beverages, cigarettes and luxury items the rate can be up to 100%.

Personal Income Tax

Salary income for resident is taxed from 5% to 25% on a progressive scale.

“Black” money i.e. money that was previously unaccounted for or has never been declared by a Myanmar citizen or resident as an income before can be taxed up to 30% if you try to bring it back into the banking system and make it “white”.

For more information – please contact us for a consultation