Uninon of Myanmar Rules & Regulation of Tax Law

2016-2017 2017-2018
Type of Tax
Description Penalty % Description Penalty %

Failer to Submission Tax- Before 31 March & 31 March 10% on Tax Payable Failer to Registration 1month Before the Preliminary Work(For Fiscal & Financial Year
10%) on Tax Payable
CT - 5% On Revenue

Failer to Informing of the Preliminary Work 10% on Tax Payable

Failer to Submit Quartely Return 10% on Tax Payable

Failure to submit quarterly paid 10% on Tax Payable

Failer to Submit Nail Retrun

10% on More Tax- Advance CT Deductions
Failer to Submission Tax - Before 31st March & 31 March 10% on Tax Payable

10% on Tax Payable Failer to Yearly Return 10% on Tax Payable

Advance Income Tax- 2% On RevenueFailer to Submission Tax - Before 31 March & 31 March
Failure to submit quarterly paid 10% on Tax Payable

Failer to Collect from Supplier Invoice Amount over Failer to Collect from Supplier Invoice Amount over
WT - 2% on Payment
300,000MMK 500,000MMK Over

Deductible from supplier to pay within7 days Deductible from supplier to pay within7 days
Failer to pay Deductible None Warranty for Imprisonment
Failer to pay Deductible None Warranty for Imprisonment

31st March (Tax Authority accept the Tax Submission

PIT Before 30Jun (Complete Submissi Tax)
-Adjustment Between 31 March & 30 Jun)

Tax Authority Will Charge Yearl Income Over 4.8Million Tax Authority Will Charge Yearl Income Over 4.8Million

Failer to Monthly Collect from Employee (Before Collection Agreement Failer to Monthly Collect from Employee (Collection Agreement should be within
should be within Employeer & Employee) Employeer & Employee)

10% on Income(Profit) 10% on Income(Profit)

CIT 25% on Profit Failer to Yearly Retrun- Before 30 Jun Failer to Yearly Retrun- Before 30 Jun
Failer to Reach Via from the Revenue Office Demand Notice 10% on Income(Profit) Failer to Reach Via from the Revenue Office Demand Notice 10% on Income(Profit)

10% on Tax Payable 10% on Tax Payable

Note Pre-tax deductions and pay the remaining amount Pre-tax deductions and pay the remaining amount

Stamp Tax Failer to Paid within one month after Signing Contract 10 Time on Tax Payable Failer to Paid within one month after Signing Contract 10 Time on Tax Payable

Failer to Paid within one month after Signing Contract 10 Time on Tax Amount Failer to Paid within one month after Signing Contract 10 Time on Tax Payable

Note

Fraud Penalties concealment should submit 1time on tax amount Allow Time concealment should submit 1time on tax amount Allow Time

concealment should submit 1time on tax amount concealment should submit 1time on tax amount
If Future Concealment If Future Concealment
together with imprisonment Three to Ten Year together with imprisonment Three to Ten Year