Myanmar is strategically located on the crossroads of Asia, which opens new business opportunities in trading with neighboring countries such as China, Laos, and Thailand. Although they are categorized among the poorest nations in Southeast Asia, their abundant natural resources and openness to foreign investments have led to rapid economic growth in the last decade.
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 SalaryExplorer.
(capped at MMK 9,000 per month) The employer payroll tax can be found here.
(capped at MMK 6,000 per month) The employee payroll tax can be found here.
Myanmar follows a progressive income tax model. Links to the employee payroll tax and employee income tax.
Daily minimum wage is set at MMK 4,800 for 8 hours of work
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.
13th month salary
Average full time work hour is 8 hours a day, up to a maximum of 48 hours of working hours a week.
Maximum overtime of 12 hours a week, paid at 200% of standard hourly wage.
The public holidays can be found here.
Employees have 10 days of paid annual 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.
6 weeks of paid leave prior to delivery and 8 weeks after delivery
15 days paid paternity leave for a newborn
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.
1 month notice
Not mandatory. Maximum of 90 days probation.
Employers with more than five employees must provide social security benefits for their constituents. According to the Social Security Act of 2012, the benefits must include health and social care insurance as well as insurance against employment-related injuries.
Employees are to contribute 2% of their monthly wages for the Social Security scheme while employers contribute 3%. The maximum contribution for this benefit is MMK 9,000 by the employer and MMK 6,000 by the employee.
The VAT in Myanmar is 5%