White expand arrow icon
Back to TalentWiki

Myanmar

Basic Economic Summary

Overview

  • Local Languages: Burmese (Official), English
  • Major Economic Hubs: Naypyidaw
  • Currency: Burmese Kyat (MMK)
  • Population: 54.4 million (2020)
  • Date Format: dd/mm/yyyy

Useful Information

  • DP Per Capita (in USD): $1,407
  • Exchange Rate (MMK/USD): 0.00073
  • Number of University Graduates (2018): 5,371

Local Universities

Renowned Local Universities:

University Number of Graduates (Undergraduates)
University of Yangon Information Unavailable
University of Computer Studies, Yangon Information Unavailable
Hinthada University Information Unavailable
Mandalay University Information Unavailable
Yangon Technological University Information Unavailable

Salary Data

Popular jobs amongst Myanmar graduates include Petroleum Engineering, Sales and Business Development, Civil Engineering, Marketing & Creative Design, and Software Development & Programming.

Below are the average salaries of some jobs. More information about average salaries in Myanmar can be found on GlassDoor and SalaryExplorer.

Job TitleAverage Salary (MMK)Average Salary (USD)
Accounting Manager810,000591
Software developer499,000364
Data Analyst489,000357
UX Designer388,000283
Product Manager2,500,0001,825
Sales Manager936,000683

Talent Sourcing Tips

English Proficiency: Low Proficiency

Number of LinkedIn Users (2019): 531,800

Top Local Job Portals: JobNet, Myjobs, JobsinYangon

More information about job portals in Myanmar can be found here.

Taxes

Employer Payroll Tax

Type of Tax Contribution (%)
Social Security 3%

(capped at MMK 9,000 per month) The employer payroll tax can be found here.

Employee Payroll Tax

Type of Tax Contribution (%)
Social Security 2%

(capped at MMK 6,000 per month) The employee payroll tax can be found here.

Employee Monthly Income Tax

Income Group (MMK) Contribution
1 – 166,666.67 0%
166,666.67 – 416,666.67 5%
416,666.67 – 833,333.33 10%
833,333.33- 1,666,666.67 15%
1,666,666.67 – 2,500,000 20%
> 2,500,000 25%

Myanmar follows a progressive income tax model. Links to the employee payroll tax and employee income tax.

Minimum Wage & Payroll

Minimum Wage

Daily minimum wage is set at MMK 4,800 for 8 hours of work

Payroll Cycle

Paid monthly at least. If the company has <100 employees, the salary must be paid by the pay period, otherwise within 5 days after the end of the pay period.

Bonus

13th month salary

Not mandatory.

Working Hours & Statutory Leave

Maximum working hours

Average full time work hour is 8 hours a day, up to a maximum of 48 hours of working hours a week.

Overtime pay

Maximum overtime of 12 hours a week, paid at 200% of standard hourly wage.

Public Holidays

The public holidays can be found here.

Annual Leave

Employees have 10 days of paid annual leave.

Sick Leave

For employees who have been employed for at least 6 months, they are entitled to 26 weeks of sick leave per year, of which only the first 30 days are paid. Employees must provide a medical certificate.

Parental Leave

Maternity Leave

6 weeks of paid leave prior to delivery and 8 weeks after delivery

Paternity Leave

15 days paid paternity leave for a newborn

Offboarding & Termination

Termination Process

The termination process is moderately simple.

Termination of employee is possible if the company is undergoing liquidation, reasons of force majeure, death of an employee.

To terminate an employee for misconduct, the employer must state a list of misconduct offences in the employment contract and ensure that the employee has had 3 written prior warnings and had the time to improve their performance prior to the termination.

Notice Period

1 month notice

Severance Pay

Years of EmploymentSeverance (Monthly)
0.5 – 10.5
1 – 21
2 – 31.5
3 – 43
4 – 64
6 – 85
8 – 106
10 – 208
20 – 2510
≥ 2513

Probation period

Not mandatory. Maximum of 90 days probation.

VAT

5%

Any queries or suggestions?
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Employ anyone from anywhere with Multiplier

Book a Demo