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Myanmar Business Report

General information
Source: The World Factbook - Central Intelligence Agency
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Population
55,622,506 (July 2018 est.)
GDP (PPP)
$329.8 (2017 est.)

GDP growth rate
6.8% (2017 est.)

High and stable

GDP (PPP) per capita
$6,300 (2017 est.)

Very low. One of the poorest countries in Asia

Local currency
Burmese kyat (MKK)

Weak currency

Financial stability (Public debt)
33.6% of GDP (2017 est.)

Low

Inflation
4.0% (2017 est.)

Medium to high and unstable

Language
BurmeseĀ (official) and other local languages

English is not widely spoken

Corruption perception index (Source: Transparency International)
Rank 132/180

Very high, however it is improving

Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
No VAT
There is a commercial tax at rates ranging from 0% to 8% depending on type of goods/service
Corporate Tax
25% standard rate
Various systems of economic incentives have been created, due to that exemptions are possible (see Myanmar Investment Law and Myanmar Special Economic Zone Law)
Duties
Rates up to 40%
Various systems of economic incentives have been created, due to that exemptions are possible (see Myanmar Investment Law and Myanmar Special Economic Zone Law)

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