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Myanmar Tax Information

5% commercial tax

Commercial Tax is 5% on goods/services. No VAT system. Registration required for businesses.

Accountant Services to Invoice

  • Bookkeeping
  • Tax preparation
  • Financial statements
  • Payroll services
  • Tax planning
  • Audit support
  • Advisory

Invoice Requirements in Myanmar

Tax registration number
Business license
Client details
Commercial tax (5%)
Total in MMK

Payment Terms

Monthly bookkeeping billed monthly. Tax prep: 50% upfront, 50% on completion.

ငွေသား15 ရက်30 ရက်အကြွေး

Payment Methods in Myanmar

Bank TransferKBZPayWave MoneyCB PayCash

Accountant Invoice Tips

  • Reference service period
  • Detail returns prepared
  • Include software fees
  • Note complexity factors
  • Reference engagement letter

Frequently Asked Questions

What tax rate applies to accountant invoices in Myanmar?

Myanmar has 5% commercial tax. Commercial Tax is 5% on goods/services. No VAT system. Registration required for businesses.

What payment methods are common for accountants in Myanmar?

Common payment methods in Myanmar include: Bank Transfer, KBZPay, Wave Money, CB Pay, Cash. Monthly bookkeeping billed monthly. Tax prep: 50% upfront, 50% on completion.

What should accountant invoices include in Myanmar?

Your invoice should include: Tax registration number, Business license, Client details, Commercial tax (5%). For accountant services specifically, also include: Bookkeeping, Tax preparation, Financial statements.

How do accountants price tax preparation?

Based on complexity: forms, schedules, and documentation required.

Should accountants charge for questions?

Include reasonable questions. Track time for extensive consultations.

Does Myanmar have VAT?

No, Myanmar uses Commercial Tax system instead of VAT. Standard rate is 5% on most goods and services, with some items at 8%, 15%, or 25% rates depending on category.