3/29/2015

Myanmarcapitalgainstaxrates,andpropertyincometax

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Myanmarcapitalgainstaxrates,andpropertyincometax

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Myanmar

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RegionalStatistics
CapitalGainsTax
GDPPerCapita
GDP/CapGrowth1yr
GDP/CapGrowth5yrs
EconomicFreedom
Ec.Freedom5yrs
Competitiveness
Currency+/Value
TaxesonResidents

Apr22,2014

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Myanmarrestricts
propertyownershiptoitscitizens

INDIVIDUALTAXATION
NonresidentindividualsaretaxedontheirincomefromsourcesinMyanmar.Marriedcouplesare
assessedandtaxedseparately.
ForeignersarenotallowedtoownimmovablepropertyinMyanmar.
INCOMETAX
Incometaxearnedbynonresidentforeignersisgenerallytaxedataflatrateof35%.However,
progressiveincometaxratesmayapply,iftheserateswillyieldahigherincometaxliability.

INCOMETAXBUSINESSAND
PROFESSIONALINCOME
TAXABLEINCOME,MMK
TAXRATE
US$
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US$
Upto500,000(US$518)
500,0001,000,000(US$1,036)
1,000,0002,000,000
(US$2,073)
1,500,0003,000,000
(US$3,109)
2,000,0004,000,000
(US$4,145)
3,000,0006,000,000
(US$6,218)
4,000,0008,000,000
(US$8,290)
6,000,00010,000,000
(US$10,363)
8,000,00015,000,000
(US$15,544)
10,000,00015,000,000
(US$15,544)
20,000,00020,000,000
(US$20,725)
Over30,000,000(US$20,725)

Myanmarcapitalgainstaxrates,andpropertyincometax

TAXRATE
2%
4%
8%
8%
10%
12%
14%
16%
18%
20%
25%
30%

RENTALINCOME
Taxablerentalincomeiscomputedbydeductingincomegeneratingexpensesfromthegrossincome.
However,whenitcomestoincomefromimmovableproperty,nodepreciationallowancecanbe
deducted.
CAPITALGAINSTAX
Capitalgainsrealizedbynonresidentforeignersfromthesaleofimmovablepropertyaretaxedataflat
rateof40%.Taxablecapitalgainsarecomputedbydeductingacquisitioncostsandtransactioncosts
fromthesalesproceeds.

PROPERTYTAX
PropertyTaxes
Propertytaxesareleviedonthepropertysannualvalueorthepropertysanticipatedgrossrentifitis
leasedunfurnished.Thepropertysannualvalueisdeterminedbythelocalauthoritieswheretheproperty
islocated.

PROPERTYTAX
CLASSIFICATION

TAXRATE

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Myanmarcapitalgainstaxrates,andpropertyincometax

CLASSIFICATION
GeneralTax
LightingTax
WaterTax
ConservancyTax

TAXRATE
20%ofannual
value
5%ofannual
value
12%ofannual
value
15%ofannual
value

CORPORATETAX
INCOMETAX
Incomeearnedbynonresidentcompaniesisgenerallysubjecttocorporateincometaxataflatrateof
35%.Incomegeneratingexpensesaredeductiblewhencalculatingtaxableincome.
CAPITALGAINSTAX
Capitalgainsearnedbynonresidentcompaniesaregenerallysubjecttocorporateincometaxataflatrate
of40%.Taxablecapitalgainsarecalculatedbydeductingthefollowingfromthesalesproceeds:
acquisitioncostsandadditionalexpenses,andanyallowabletaxdeduction.

Myanmarmoredataandinformation
HowhighareestatedutiesinMyanmar?

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