Myanmar's New Foreign Investment Law Overview
India Myanmar Tax Treaty cont'd
ODFDL
LEGAL & TAX
Tax Rates
Withholding tax is generally applied at a rate of 10 percent for interest and royalties
under the IMDTAA. The local withholding tax rates on interest and royalties are 15
percent and 20 percent respectively. A resident of India may also avail themselves of
an exemption from the local withholding tax rate of 3.5 percent for income from trade
in goods, services, and other business profits provided that the Indian recipient does
not have a permanent establishment in Myanmar.
Dividends are not subject to tax in Myanmar. Capital gains tax exemption is also
available particularly in the case where an Indian resident disposes of shares whose
underlying value does not principally consist, directly or indirectly, of immovable
property situated in Myanmar.
India-resident individuals working in Myanmar may also avail themselves of an
exemption from Myanmar tax on salary if their stay in Myanmar is less than 183 days
and their salary is not borne by or recharged to a permanent establishment in
Myanmar or to a resident of Myanmar.View entire presentation