The Myanmar government is introducing a limited tax rate of 15% for domestic source income earned by resident individuals and companies in the 2022-2023 fiscal year. This aims to stimulate economic growth by putting more money in the hands of taxpayers. The limited tax rate applies to income from employment, business activities, rental income, and other sources that are considered domestic in origin.
The Myanmar government is introducing a limited tax rate of 15% for domestic source income earned by resident individuals and companies in the 2022-2023 fiscal year. This aims to stimulate economic growth by putting more money in the hands of taxpayers. The limited tax rate applies to income from employment, business activities, rental income, and other sources that are considered domestic in origin.
The Myanmar government is introducing a limited tax rate of 15% for domestic source income earned by resident individuals and companies in the 2022-2023 fiscal year. This aims to stimulate economic growth by putting more money in the hands of taxpayers. The limited tax rate applies to income from employment, business activities, rental income, and other sources that are considered domestic in origin.