New Withholding Tax Rates In Myanmar

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” On 10th January 2017, the Internal Revenue Department (“IRD”) of the Ministry of Planning and Finance (“MPF”) announced the Notification No. 2/2017 to reduce the withholding tax rates for payments in Myanmar and abroad and replace the Notification No. 41/2010 and the Notification No. 167/2011 of the IRD.  The new WHT rates will become effective from 1st April 2017.”

New withholding tax rates in Myanmar 1

The WHT will be deducted in Myanmar Kyat for payments made in Myanmar and in foreign currency for payment made abroad. It is required to report the WHT within 7 days from the payment date. Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion will apply on a case-by-case basis.

PLF Law Firm 

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