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How to Calculate Personal Income Tax in Myanmar

by www.jobsinyangon.com


Tags: personal income tax in myanmar-jobsinyangon.com-rogerquest



1. Allowance for Parents : 1,000,000 MMK for father and 1,000,000 for Mother

2. Child Allowance           : 500,000 MMK for a child ( If the child is above 18 years old and if the child is student, allowance for this child will be considered)

3. Presonal Relif              : 20%

4. Spouse Allowance     : 100,0000 MMK

5.  If the employee will earn not  more than 4,800,000 MMK per year, he/she is not eligible for Personal Income Tax.

 

For Example , if you earn MMK 1,632,000 per month, please see below,

Monthly Salary (MMK) 1,632,000    
Income for 12 month(s) 19,584,000    
Personal Relief -3,916,800 20%  
Parent Relief -2,000,000 2000000 for father and mother  
Spouse Relief -1,000,000 Spouce Reliefe  
Child Relief -1,000,000 Allowance for two child  
Social Security -72,000    
Total Relief -7,988,800    
Taxable Income 11,595,200 Employee needas to pay PIT based on this tax
Total Tax (MMK) 889,280    
Monthly Tax (MMK) 74,107    
       
Details Calculation for taxable income
Description Rate Taxable Tax Amount (MMK)
Up to 20 Lakh 0% 2,000,000 0
20 Lakh - 50 Lakh 5% 3,000,000 150,000
50 Lakh - 100 Lakh 10% 5,000,000 500,000
100 Lakh - 200 Lakh 15% 1,595,200 239,280
Total 11,595,200 889,280

 

Salary Up to 450,000 MMK

 

Example    
   
Monthly Salary (MMK) 450,000      
Income for 12 month(s) 5,400,000      
Personal Relief -1,080,000 20%    
Parent Relief -1,000,000 2000000 for father and mother    
Spouse Relief -1,000,000 Spouce Reliefe    
Social security fees -72,000      
Child Allowance -500000 500000 per child    
Total Relief -3,652,000      
Taxable Income 1,748,000 ( No Need to Pay Personal Income Tax)    
         
Details      
     
Description Rate      
Up to 20 Lakh 0%      
20 Lakh - 50 Lakh 5%      
50 Lakh - 100 Lakh 10%      
100 Lakh - 200 Lakh 15%      
200 Lakh - 300 Lakh 20%      
Above 300 Lakhs 25%      

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