Myanmar

{"ftc_utility":"medium","fbar_trigger_notes":"US persons required to maintain local Myanmar Kyat accounts or receiving salary through Myanmar banks must report these if aggregate balances exceed $10,000 USD at any point during the year. Banking infrastructure in Myanmar has been severely disrupted since the 2021 coup and many international banks have exited the market.","ftc_utility_reason":"Myanmar taxes residents on worldwide income at progressive rates up to 25%, which is below the top US federal rate. The Foreign Tax Credit provides some shelter for Myanmar taxes paid on income also taxed in the US, but the credit value is limited by the lower Myanmar rates. Post-coup tax administration is erratic, reducing the reliability of credits claimed.","presence_day_count_notes":"Myanmar has faced severe instability since the February 2021 military coup. The US State Department has issued a Do Not Travel advisory (Level 4) for Myanmar. Visa categories and stay permissions are difficult to verify reliably. Most foreign nationals working in Myanmar are on business or work visas issued by the military government. The 330-day physical presence test can technically be met but the security environment creates significant practical complications.","typical_qualifying_method":"either","housing_exclusion_available":true,"physical_presence_test_applies":true,"estimated_housing_exclusion_usd":14000,"local_tax_rate_on_earned_income":0.25,"bona_fide_residence_test_applies":true}

{"pension_income":{"notes":"Foreign pension income is taxable in Myanmar for residents at progressive rates up to 25%. There is no treaty protection and no special exemption for pension income.","tax_rate":0.25,"locally_taxed":true},"social_security":{"notes":"No US-Myanmar tax treaty. US Social Security benefits received by a Myanmar resident are technically subject to Myanmar income tax as foreign-sourced income. No treaty exemption or reduction applies.","locally_taxed":true,"treaty_protection":false},"roth_distributions":{"notes":"No US-Myanmar tax treaty exists. Roth distributions would technically be taxable as foreign income for Myanmar residents, though the income may be characterized differently. Practical enforcement is uncertain.","locally_taxed":true},"us_401k_ira_distributions":{"notes":"Myanmar has no tax treaty with the United States. US 401k and IRA distributions received by a Myanmar tax resident would be treated as foreign-sourced income. Myanmar taxes residents on worldwide income, so distributions would be subject to progressive rates up to 25%. Enforcement in practice is limited given Myanmar's administrative capacity post-2021 coup.","tax_rate":0.25,"locally_taxed":true,"treaty_protection":false}}

{"rate":0.1,"notes":"Capital gains are taxed at a flat 10% rate for both residents and non-residents in Myanmar. Gains from disposal of shares in a Myanmar company are subject to this rate.","details":{"tax_type":"Capital Gains Tax","country_name":"Myanmar","country_iso_code":"MMR","source_references":["PwC Worldwide Tax Summaries - Myanmar","Myanmar Income Tax Law"],"last_verified_date":"2026-06-03","general_description":"Myanmar imposes a flat 10% capital gains tax on gains from disposal of capital assets including shares, bonds, and other securities. The tax applies to both residents and non-residents. For the oil and gas sector, the rate is higher at 40-50% depending on residency status.","corporate_capital_gains":{"rate":0.1,"tax_treatment":"Flat 10% rate applies to corporate capital gains; oil and gas sector gains taxed at 25% for resident companies"},"individual_capital_gains":{"rate":0.1,"tax_treatment":"Flat 10% rate for residents and non-residents; oil and gas sector non-residents taxed at 40-50%"}}}

{"notes":"Dividends received from Myanmar companies are exempt from income tax for resident individuals if the distributing company has already paid corporate income tax on the profits. Non-resident foreigners are subject to a 15% withholding tax on dividends.","rates":[{"rate":0,"type":"exempt","notes":"Dividends received by resident individuals from companies that have paid corporate tax are exempt from further income tax"},{"rate":0.15,"type":"withholding","notes":"15% withholding tax applies to dividends paid to non-resident foreigners"}]}