DOING BUSINESS ARTICLES

New Withholding Tax Rates In Myanmar

tax-1501475-1600x1200 (1)

” 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 

Share on facebook
Share on twitter
Share on linkedin
We'd love to meet you and let you the perfect solution