Comprises fifteen different taxes and duties under 4 headings:

(a) Taxes on domestic production and public consumption;

(b) Taxes on income and ownership;

(c) Customs duties; and

(d) Tax on the utilization of state owned properties.

Laws apply to individuals, companies and joint ventures;

(1) The Myanmar Income Tax Law;

(2) The Commercial Tax Law; and

(3) The Union of Myanmar Foreign Investment Law (MFIL)

Income Tax on Companies

Type of Taxpayer or Income	Tax Rate
Companies incorporated in Myanmar under Myanmar Companies Act	30%
Enterprises operating under MFIL Foreign organizations engaged under special permission in State-sponsored projects, enterprise or any undertaking	30%
Non-resident foreign organizations such as a branch of a foreign company	Greater of 35% or 5% to 40%
Capital gains Resident Companies Non-Resident Companies	10% 40%
Salaries Foreigners engaged under special permission in a State-sponsored project, enterprise, undertaking Foreigners working for MFIL companies Foreigners working for non-MFIL companies Nationals earning foreign exchange	20%   10% 15% 10%
Other Income Foreigners	>35 or 5-40%
Capital gains tax Resident Non-Resident	10% 40%

Commercial Tax Rates on Revenue

Activities	Tax Rate
	US$	Kyats
Trading (purchase & sales of goods) Transport Entertainment Hotel, restaurants, lodgings Sale of food and drinks Tourism business Cleaning & Oiling of motor vehicles Insurance business except life assurance business Beautifying and physical exercise business, hair dressing etc. Printing	8 8 15-30 10 10 5 10 5 5 5	5 8 15-30 10 10 5 10 5 5 5

Withholding Tax
Payments on income such as interest, royalties and on contracts are subject to withholding tax as shown below :

	Resident Citizens & Resident Foreigners	Non-Resident F oreigners
Interest Royalties for the use of licences, trademarks, patent rights, etc. Payment for work done by foreign contractors Payment for work done under contracts for State	0 15 2.5 3	15 20 3 3.5

Note: -Above deductions shall be set off against tax due on final assessment. -Dividends, branch profit and share of profit of an association of persons which has been taxed are exempt, and therefore no withholding tax.

Double Taxation Agreement