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|
|Income Tax Rates4|
|Annual Income Tax Due||1,350||5,400||10,800|
|Tax Due as % of Gross Income||7.50%||7.50%||7.50%|
Global Property Guide research
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%.