Burma (Myanmar): Income and profits taxes
* indicates monthly or quarterly data series
| Burma (Myanmar) |
Income, profits, and capital gains taxes: percent of revenue |
|---|---|
| Latest value | 13.34 |
| Year | 2019 |
| Measure | percent |
| Data availability | 2012 - 2019 |
| Average | 11.39 |
| Min - Max | 7.56 - 13.95 |
| Source | The World Bank |
The latest value from 2019 is 13.34 percent, an increase from 10.94 percent in 2018. In comparison, the world average is 27.45 percent, based on data from 132 countries. Historically, the average for Burma (Myanmar) from 2012 to 2019 is 11.39 percent. The minimum value, 7.56 percent, was reached in 2012 while the maximum of 13.95 percent was recorded in 2016.
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Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
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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 | 24.61 | 2019 | percent |
| Taxes on international trade | 2.81 | 2019 | percent |
| Income and profits taxes | 13.34 | 2019 | percent |
| Foreign aid | 1,003.34 | 2022 | million U.S. dollars |