Income tax on rent, worked example, in Myanmar

Taxation Researcher | May 20, 2022

Non-resident couple´s joint income1
Monthly Rental Income2 1,500 6,000 12,00
Annual Rental Income 18,000 72,000 144,000
Less: Expenses3 25% 4,500 18,000 36,000
=Taxable Income 13,500 54,000 108,000
Income Tax Rates4
Flat rate 10% 1,350 5,400 10,800
Annual Income Tax Due 1,350 5,400 10,800
Tax Due as % of Gross Income 7.50% 7.50% 7.50%
Source:
Global Property Guide research

Notes


1 The property is jointly owned by husband and wife.

2 Exchange rate used: 1.00 USD = 1170.00 MMK

3 Estimated values. Income-generating expenses are deductible when calculating taxable income.

4 Rental income earned by nonresident individuals is generally taxed at a flat rate of 10%.