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Myanmar Tax Information

5% commercial tax

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

Financial Advisor Services to Invoice

  • Financial planning
  • Investment advisory
  • Retirement planning
  • Tax planning
  • Estate planning
  • Insurance review
  • Wealth management

Invoice Requirements in Myanmar

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

Payment Terms

Fee-only: project-based or AUM percentage. Flat retainer for ongoing planning.

ငွေသား15 ရက်30 ရက်အကြွေး

Payment Methods in Myanmar

Bank TransferKBZPayWave MoneyCB PayCash

Financial Advisor Invoice Tips

  • Include advisor registration
  • Reference advisory agreement
  • Note AUM if applicable
  • Document planning deliverables
  • Meet compliance requirements

Frequently Asked Questions

What tax rate applies to financial advisor 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 financial advisors in Myanmar?

Common payment methods in Myanmar include: Bank Transfer, KBZPay, Wave Money, CB Pay, Cash. Fee-only: project-based or AUM percentage. Flat retainer for ongoing planning.

What should financial advisor invoices include in Myanmar?

Your invoice should include: Tax registration number, Business license, Client details, Commercial tax (5%). For financial advisor services specifically, also include: Financial planning, Investment advisory, Retirement planning.

How should financial advisors structure fees?

AUM percentage (0.5-1.5%), flat retainer, hourly, or project-based. Disclose fee structure clearly.

What compliance info should be on invoices?

Advisor registration (CFP, RIA), firm info, and fee disclosure language as required.

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.