Overview
Capital Naypyidaw
Currency Burmese Kyat
Public holidays calendar
Taxes
Employer
Employee
Termination
Termination Process Employer must provide one month’s notice.
Advance Notice 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.
Mandatory Benefits
Pension Fund
Employer contributes 3% of the employee's wages.
Employees contribute 2% of their wages. Contribution ceiling is set at MMK 15,000.
Minimum Wage
General Minimum wage is approximately $67 monthly.
Paid Time Off
Vacation days Employee is entitled to one day off with pay per week. No additional vacation days.
Sick days Employees are entitled to 30 days of sick leave for a medical treatment, which needs to be supported by appropriate medical documents.
Public Holidays There are 24 public holidays, including 10 days for Myanmar New Year’s celebrations.
VAT
General No VAT system
