10.The section 4 of the Income Tax Law provided that the assessable total income and rates of income tax can be prescribed in the annual State Budget Law. The net income or net profit remaining after deduction of permissible expenditure and the allowance from the gross income is taxed at the rates shown below. The rates vary depending on the types of taxpayers.
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Companies formed in Myanmar under the Myanmar Companies Act or any other existing Myanmar Law
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Enterprise operating under the UMFIL
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Foreign organization engaged under special permission in a State sponsored project, enterprise or any undertaking
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Individual foreigners engaged under special permission in a State sponsored project, enterprise or any undertaking
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Income earned abroad by non-resident citizen
(On gross income)
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Income earned by resident foreigner |
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Capital gain (Non-resident Foreigner)
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Salary |
Progressive rates ranging from 3 percent to 30 percent
(At 30 percent on income exceeding Kyat 500,001)
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Professional income, business income, property income, income from other sources and income from undisclosed sources of Individual
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Progressive rates ranging from 5 percent to 35 percent
At 35 percent on income exceeding Kyat 2,000,001)
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Non-resident foreigners (Individual and bodies of individuals such as a branch of a foreign company) |
35 percent or the progressive rates mention above, whichever is greater
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Cooperative Societies |
Progressive rates ranging from 3 percent to 30 percent (at 30 percent on income exceeding Kyat 500,001)
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