Tax Advisory for Corporate Tax, Commercial tax, Capital Gain Tax, Payroll Tax (individual income tax) Filing of Corporate Income Tax The income tax return must be filed within three months of the end of the tax year. Filing of Commercial Tax in Myanmar There is no VAT system in Myanmar. But a commercial tax is levied as a turnover tax on goods and services for an income year is MMK 50 million or more. The commercial tax rate generally is 5% on goods and services that should be filed monthly or quarterly. Filing of Capital Gain Tax The return for capital gains mustbe filed within one month from the date of disposal of the capital assets (i.e. the earliest of the date of execution of the deed of disposal) Filing of Payroll Tax/ Individual Income Tax The employer is responsible for deducting income tax due from salary at the time the salary is paid. A statement of the monthly deduction must be provided to the tax authorities within seven days of the date of deduction. The employer also is required to furnish an annual salary statement within three months of the end of the income year.