Myanmar Tax Agency Clarifies Commercial Tax Rates, Deduction Rules for Businesses, Service Providers

The Myanmarese Internal Revenue Department Oct. 18 clarified commercial tax (CT) set-off rules for businesses and services providers, including tax rates, payment procedures, and deduction requirements. The clarification includes: 1) a 15 percent CT rate on internet services; 2) a 5 percent CT rate on qualifying goods, special commodities, service activities, crude oil exports, and domestic resale and trade of imported goods, excluding exempt goods and services; 3) a 3 percent CT rate on infrastructure construction and hotel and travel services; 4) deductions related to the production of goods and services; 5) exempt sales and services; and 6) filing procedures ...