Individuals, whether presently in receipt of or anticipated to receive salary, wages, annuities, bonuses, awards, or any other form of compensation, in lieu of salary wages, are subject to taxation. Myanmar income tax computation encompasses salary income, commissions, annuities, and service fees received throughout the fiscal year.
According to the Taxation of the Union Law of Myanmar, 2016,
No income tax shall be imposed on individuals whose salary income does not exceed Kyats 48 lakh per year. Nevertheless, if the annual salary income surpasses Kyats 48 lakh or if