Employment income and the following non-employment income are taxable for personal income tax (PIT) purposes:
- Business income.
- Income from a profession.
- Capital gains.
- Other income from investments.
The definition of taxable employment income is broad and includes salaries, wages, annuities, bonuses, awards, and any fees or commissions received in lieu of or in addition to any salary and wages received or receivable by one from one's employer.
Business income includes income from moveable properties, royalties, and interest.
Income from a profession is defined as income from the rendering of a service with one’s skill for fees and includes services rendered by doctors, nurses, lawyers, engineers, architects, film stars, theatrical artists, writers, painters, sculptors, accountants, auditors, astrologers, and teachers.
Income from capital gains is assessed separately. See Capital gains tax in the Other taxes section for details.
Myanmar has a one-tier corporate tax system, under which share of profits received by a Myanmar taxpayer from an association of persons (i.e. partnerships, joint ventures, companies, etc.) are exempted from income tax.
No tax is payable on non-employment income of not more than MMK 4.8 million and on capital gains if the sales proceeds are not more than MMK 5 million.