Stock Market / Finance in Myanmar
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MYANMAR, 2014/06/10
With the liberalisation of the political landscape in Myanmar, a lot of people have become aware of the significant potential of this economic frontier that was once closed to the world. A number of multinational corporations are exploring Myanmar and will bring in experienced expatriates to help build capabilities locally.
This is not something new but, given Myanmar’s emerging-market status along with tax laws and practices that change frequently, vaguely written and as a result open to interpretation, investors need an up-to-date considerate of the tax situation. This article describes some of the additional significant issues arising from the employment of expatriates.
Scope of Taxation: Expatriates working in Myanmar will be subject to personal gain tax from day one (subject to any applicable tax treaty provisions) but how much they will have to pay depends on their residence status.
