Exemption

  • The income tax shall be exempted for a person who receives the income from salary up to 48 lakhs of kyats per year.(Section 19(a) of the Union Taxation Law 2018-2019 )
  • The Commercial tax shall be exempted on income received from leasing land, building and apartment up to 500 lakhs of kyats within a year.(Section 15,sub-section (b) of the Union Taxation Law 2018-2019)
  • The Income tax shall be exempted for a person who received the sale proceed not exceeding100 lakhs of kyats even though the capital gains arise from assets within a year.(Section 28 of the Union Taxation Law 2018-2019 )