Setting up and maintaining a Myanmar payroll
Myanmar (formerly Burma) is a fast-growing Southeast Asian country of more than 50 million people. Its convenient location in the Asian continent, close to India, China, and other economic powers, as well as its growing economy, make it a great choice for expansion for many organizations.
If your organization is looking to build a presence in the country, it is likely that you’ll need to hire locally and set up a Myanmar payroll. This can be a difficult process, with complicated, frequently changing labor laws often slowing down expansion progress for weeks or months on end.
At New Horizons, we specialize in providing tailored Myanmar payroll outsourcing for companies hiring in Myanmar. Our experts can handle the setup and ongoing management of your Myanmar payroll, whether or not you have an established entity in the country.
Why choose the New Horizons payroll solution?
If you have an entity
Do you already have a registered subsidiary in Myanmar? We provide payroll outsourcing services to help you set up and run your Myanmar payroll.
our entity will be the employer of record, but we are here to handle all the HR, administration, tax compliance, and more, using our expertise in Myanmar regulations so you can focus on growing your business.
If you don’t have an entity
If you haven’t yet established a Myanmar subsidiary, then our full Myanmar payroll outsourcing service is perfect for you. Our Myanmar PEO will act as your employer of record and our team will handle the administration, HR, contracts, and compliance work.
This flexible and low-risk solution helps you to enjoy all the benefits of hiring staff in Myanmar, without having to navigate the difficult employment landscape.
Simplifying your Myanmar Payroll processing
Reliable delivery
We guarantee that all payments will be on time, your data will be secure, and you can be up and running within just 48 hours.
Established presence
Our in-country subsidiary will act as employer of record, offering you a presence in Myanmar for legal local employment.
Flexible solution
Our team will manage all of the admin, payroll, HR, and taxes, so you can focus on building your business in Maynmar.
Up-to-date compliance
We’ll ensure you stay fully compliant at all times with the laws laid out in Maynmar’s employment regulations.
Single point of contact
Our centralized service gives you a single point of contact, simplifying the entire Maynmar employment process
Proven Expertise
Our in-house teams of payroll and HR experts have already helped all kinds of organizations expand globally.
Myanmar payroll guide
What are the regulations for withholdings and taxes in Myanmar?
Myanmar uses a progressive tax system, so earners pay more in tax if they have high income levels. The rate varies from as low as 0% up to 25%. These taxes must be withheld by the employer. The corporation tax rate is set at 25%.
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Social Security
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3%
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Total Employment Cost
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3%
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Social Security
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2%
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Total Employee Cost
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2%
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For Myanmar residents
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1%-25%
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Entitlements and terminations of employees
Employees hired within Myanmar should be provided with a formal contract of employment. This contract should clearly detail any entitlements and termination rights.
For terminations, employers are required to provide at least 30-days notice for termination without proper reason, and they must pay severance.
How to establish Myanmar payroll outsourcing
Importantly, you will need to establish a Myanmar-based entity before setting up an in-country payroll. This process can take months or even longer in some cases, and requires a solid understanding of the regulations to ensure legal compliance.
At New Horizons, we provide Myanmar payroll outsourcing setup and management as well as our Myanmar PEO & Employer of Record for you to use as employer of record. Additionally, we can run your HR, taxes, contracts, and more to make your expansion as straightforward and problem-free as possible.
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Your all-in-one solution for Myanmar payroll outsourcing and expansion
Our Myanmar payroll, PEO, and employer of record services help your business begin trading in Myanmar quickly and compliantly. With our help, your business could be up and running in Myanmar in as little as 48 hours, whether or not you already have a legal entity in Myanmar, and you could save over 80% in associated costs.
New Horizons can also take care of your organization’s payroll, benefits, and expenses in Myanmar, along with HR work and taxes. Our in-house recruitment team can also source, hire, and onboard your local workforce so you don’t have to.
