Crypto tax in Myanmar
How is cryptocurrency taxed in Myanmar?
Cryptocurrency in Myanmar is classified as a capital gains asset and is taxed at a headline rate of 10%. There is no long-term exemption.
Common questions
- What is the capital gains tax rate for crypto in Myanmar?
- The headline capital gains tax rate for cryptocurrency in Myanmar is 10%.
- Is there a long-term capital gains tax exemption for crypto in Myanmar?
- No, Myanmar does not offer a long-term exemption for capital gains tax on cryptocurrency.
Crypto in Myanmar is taxed as a capital gain.
Treatment
taxed as a capital gain
Long-term
Still taxed
Headline rate
10%
Myanmar treats an individual’s crypto disposal gains as taxable capital gains at a flat 10% rate with no lower rate or exemption for long-term holding, although crypto trading itself is currently prohibited by the Central Bank.
“Income tax is levied on gains from the sale, exchange, or transfer of capital assets (i.e. any land, building, vehicle, and any capital assets of an enterprise, which include shares, bonds, and similar instruments) and intangibles (to the extent they fall within the definition of capital assets). Residents and non-residents are taxed at 10% on their capital gains.[6]” — Inland Revenue Department, via PwC Myanmar summary
Reflects the treatment of an individual's crypto disposals. Estimate — confirm against the linked source. See methodology.