Does Myanmar have GST?

The Specific Goods Tax Law replaces commercial tax on a list of specific goods that are imported into Myanmar, manufactured in Myanmar, or exported to a foreign country. … The specific goods tax rates range from 5% to 60%.

What is the VAT in Myanmar?

The Commercial Tax (CT) is administered by the Companies Circle Tax Office in Naypyitaw. Myanmar / Burma has a sales tax on goods that ranges from 5%-120%, and a flat 5% tax on services.

Myanmar — Commercial Tax (CT)

General VAT Rate Other Rates Local Currency
5% 3% (MMK)

How much tax do I pay in Myanmar?

Personal income tax rates

Type of taxpayer or income Tax rate
Resident nationals and foreigners Progressive rates from 1% to 25%
Non-resident foreigners 25%
Non-resident nationals 10%
Capital gains tax:

How many types of tax are there in Myanmar?

Myanmar has a progressive tax system with the top personal tax rate of 25% for resident citizens and resident and non-resident foreigners of Myanmar. Employers are required to withhold income tax from employees’ salaries, with the tax being payable to the tax authority in monthly instalments.

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What countries have GST?

8: The Goods and Services Tax and state taxes

Country Rate
Canada 5
Japan 8
Switzerland 8
Australia 10

What is commercial tax in Myanmar?

Commercial tax, at rates ranging from 0% to 8%, is levied as a turnover tax on goods and services. Generally, commercial tax is imposed at the rate of 5%. The commercial tax that a business charges and collects is known as output tax, which has to be paid to the Myanmar tax authorities.

What is the corporate tax rate in Myanmar?

The Corporate Tax Rate in Myanmar stands at 25 percent.

How do I pay tax in Myanmar?

Taxpayers can currently make online tax payments through:

  1. AYA Pay, AYA m-banking and i-banking.
  2. AGD One-pay system.
  3. CBM –Net system (via a local bank)
  4. CB Pay, CB i-banking.
  5. KBZ i-banking.
  6. MAB m-banking.
  7. MPU Debit card.
  8. Sai Sai Pay-UAB bank.


How I calculate my daily salary in Myanmar?

Calculation of overtime wages…

  1. For salary earners: Overtime wage per hour = {(salary x 12 month) / 52 week x 44 (48) hrs} x 2.
  2. For daily wages worker: Overtime wage per hour = {(daily wage x 6 day) / 44 (48) hrs} x 2.
  3. Piece-work labourers: Overtime wage per hour = {(daily average wage x 6 day) / 44 (48) hrs} x 2.

What is the average income in Burma?

Myanmar’s average annual income per capita is US$1,140 (S$1,516) and roughly 37 per cent of the country’s 51 million people live near or below the poverty line.

What is Myanmar withholding tax?

Similar payments by the Myanmar government to non- resident foreigners shall be subject a Withholding Tax of 2.5%. Payment by private enterprises registered in Myanmar to non-resident foreigners for the purchase of goods, work performed or supply of services within Myanmar shall be subject to Withholding Tax of 2.5%.

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How is income tax on salary calculated?

The tax year The tax year is the previous financial year for which the income tax is calculated.

Components for calculating the income tax.

Income Slab Tax Rate
2.5 lakhs – 5 lakhs 10% of exceeding amount
5 lakhs – 10 lakhs 20% of the exceeding amount
Above 10 lakhs 30% of the exceeding amount

How is property tax calculated in Myanmar?

Stamp duty

  1. Sale or transfer of immovable property– 2 percent of the value. …
  2. Rental of immovable property (contract for between one year and three years) – 0.5 percent of the annual average rent.
  3. Rental of immovable property (contract for more than three years) – 2 percent of the annual average rent.


Which country use GST first?

France was the first country to implement the GST in 1954; since then, an estimated 160 countries have adopted this tax system in some form or another.

Which country has no GST?

  • The US: The only major economy that does not have GST. …
  • France: The first country to implement GST in 1954. …
  • China completed Value Added Tax* (VAT) reforms in 2016 to replace its conflicting Business Tax system. …
  • Japan introduced consumption tax in 1989 at a rate of 3%.

Which country is tax free?

Monaco is a popular tax haven due to its personal and business laws related to taxes. Its residents don’t pay taxes on personal incomes. A person residing in Monaco for 6 months or more becomes a resident, and is thereafter, exempted from paying income tax.

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