How to Calculate Personal Income Tax in Myanmar

by www.jobsinyangon.com

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

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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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