Monday, January 08, 2024

Myanmar imposes new income tax on workers abroad

A pretty stupid move! Not least it invites tax evasion by these workers working abroad.

You can almost bet estimated/predicted tax revenues will be significantly below actual revenues!

"Myanmar has begun taxing nationals who work overseas in a seeming effort to boost foreign-currency inflows, raising fears among employers of appearing to indirectly support the military government.

Since mid-December, Myanmar's embassies in key Asian countries have announced a series of new tax rules for nationals living in their jurisdictions. ..."

Myanmar imposes new income tax on workers abroad - Nikkei Asia [Foreign] Employers worry payments would help fund military regime

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