Overview

Capital
Naypyidaw
Currency
Burmese Kyat
Date Format
yy/mm/dd

calendar icon Public holidays calendar

Taxes

Employer
3% - Social Security
Employee
2% - Social Security

Minimum Wage

General

Minimum wage is approximately $67 monthly.

Payroll Contributions

Pension Fund

Leave

Public Holidays

There are 24 public holidays, including 10 days for Myanmar New Year’s celebrations.

Termination

Termination Process

Employer must provide one month’s notice.

Notice Period

It is common practice to provide the employer with one month’s notice.

Severance Pay

If the employee has been in the company from six months to one year, they are entitled to ½ of monthly wages as a severance pay. If they have been in the company from one year to two years, they are entitled to one month’s salary. From two years to three years in the company, they will receive 1.5 of average monthly salary. From three years to four years, they will receive three month’s salary. Between four to six years, employees will receive four months salary as a severance pay. From six to eight years, employees are entitled to five months salary. Eight to ten years, they will receive six months salary. From ten to twenty years, they will receive eight months salary, from twenty to twenty five years, they will receive ten months salary and from twenty five and up, they will receive thirteen months salary.

VAT

General

No VAT system