Burma (Myanmar): Commercial tax rate
* indicates monthly or quarterly data series
| Burma (Myanmar) |
Tax rate, percent of commercial profits |
|---|---|
| Latest value | 31.20 |
| Year | 2019 |
| Measure | percent |
| Data availability | 2012 - 2019 |
| Average | 33.44 |
| Min - Max | 31.20 - 39.50 |
| Source | The World Bank (doing business survey) |
The latest value from 2019 is 31.2 percent, unchanged from 31.2 percent in 2018. In comparison, the world average is 40.53 percent, based on data from 184 countries. Historically, the average for Burma (Myanmar) from 2012 to 2019 is 33.44 percent. The minimum value, 31.2 percent, was reached in 2017 while the maximum of 39.5 percent was recorded in 2012.
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Definition: Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Fiscal balance, percent of GDP | -6.41 | 2023 | percent |
| Government debt | 38.70 | 2019 | percent |
| Tax revenue | 6.02 | 2019 | percent |
| Commercial tax rate | 31.20 | 2019 | percent |
| Tax preparation time | 282 | 2019 | hours |
| Number of taxes | 31 | 2019 | taxes |
| Taxes on goods and services | 24.41 | 2019 | percent |
| Taxes on international trade | 2.79 | 2019 | percent |
| Income and profits taxes | 13.23 | 2019 | percent |
| Foreign aid | 1,490.83 | 2021 | million U.S. dollars |