Analysis
30
Jan
2020
Yangon Elevated Expressway Project
VDB Loi has been assisting as local legal counsel to the International Finance Corporation (“IFC”), acting in its capacity as lead transaction adviser to the Ministry of Construction of the Government of Myanmar on the Yangon Elevated Expressway Project Phase 1, which is the first-ever international road Public Private Partnership (“PPP”) in Myanmar. VDB Loi […]
22
Jan
2020
Central Bank of Myanmar updates and clarifies criteria for offshore loans
The Central Bank of Myanmar (“CBM”) has recently made changes to the offshore loan criteria that it has published on its website (see https://www.cbm.gov.mm/content/2066). Clearer wording has been added in terms of the differences in requirements for companies holding permits from the Myanmar Investment Commission (“MIC”) and non-MIC companies. Further updates have been made to […]
30
Nov
2019
Myanmar reduces Stamp Duty penalties
Stamp Duty (“SD”) is applicable on all chargeable instruments unless explicitly exempted under Schedule 1 of the Myanmar Stamp Act 1899 (“MSA”). Chargeable instruments mean documents that create, transfer, extinguish, or record rights or obligations and upon which governmental charges are collected in order to give legal effect thereto. Some commonly used chargeable instruments include […]
31
Oct
2019
Can you sue a dissolved company?
When a company has dissolved, it essentially means that the company has ceased to exist, and thus cannot sue or be sued. The question then becomes, how can a party pursue a claim against a dissolved company? Highlights of this note How can a party pursue a claim against a dissolved company? How to restore […]
31
Oct
2019
When does an overseas corporation have to register a commercial presence in Myanmar?
Under section 43 of the Myanmar Companies Law 2017 (“MCL”), an overseas corporation is not allowed to ‘carry on business’ in Myanmar unless it has registered its commercial presence with the Directorate of Investment & Company Administration (“DICA”). The central concept of ‘carrying on business in Myanmar’ has, unfortunately, not been defined in the MCL. […]
31
Oct
2019
The Enforcement of Monthly Personal Income Tax Return Filing and Payment
Please note that a Statement by the Internal Revenue Department, Yangon Region (“IRD”) has been issued regarding enforcing monthly Personal Income Tax (“PIT”) return filings and payments. This statement by the IRD states that as per the newly enforced Tax Administration Law (“TAL”) Section 40 (a) and Section 49(a), if the party responsible for deducting […]
30
Sep
2019
Myanmar Arbitration Update (VDB Loi Insights)
  INSIGHTS THIS MONTH SEPTEMBER 2019   Highlight of This Month / In This Issue / Recent VDB Loi Work / New Myanmar Laws and Regualtions / Recent Publications HIGHLIGHT OF THIS MONTH Myanmar Arbitration Update From our Disputes Team – Myanmar Office On 26 September 2019, VDB Loi held a successful live webinar event […]
30
Sep
2019
Union Tax Law 2019: Everything you need to know about amnesty, exemptions and significant changes
The Union Taw Law (“UTL”) 2019 was enacted on 24 September 2019 by the Union Parliament (the Pyidaungsu Hluttaw) and will be applicable for the Financial Year (“FY”) 2019-2020 (1 October 2019 to 30 September 2020). With the new income year commencing on 1 October 2019 and the Tax Administration Law (“TAL”) coming into force, […]
30
Sep
2019
Myanmar Arbitration Update
Highlights of this note Arbitration in Myanmar – recent developments Are parties free to choose for foreign arbitration under Myanmar law? How to invoke an arbitration clause in Myanmar and apply for a stay of court proceedings under the Myanmar Arbitration Law Does the subject matter of the dispute fall within the scope of the […]
27
Sep
2019
လျှပ်စစ်စွမ်းအင်ကဏ္ဍနှင့် အခြေခံအဆောက်အအုံများအတွက် နိုင်ငံခြားရင်းနှီးမြှုပ်နှံမှု အလုံးအရင်းဖြင့် ဝင်လာအောင် မည်သို့ဖိတ်ခေါ်မလဲ။ အောက်ပါအချက် ၅ ချက်ကို လိုက်နာဆောင်ရွက်ပါ။
လျှပ်စစ်စွမ်းအင်မရှိဘဲ မည်သည့်အလုပ်ကိုမျှ လုပ်ကိုင်၍ မရပါ။ လမ်း၊ ဆိပ်ကမ်းနှင့် မီးရထား သံလမ်းများ မရှိဘဲ မည်သည့် နေရာကိုမျှ သွား၍ မရပါ။ လျှပ်စစ်စွမ်းအင် အပါအဝင် အခြေခံ အဆောက်အအုံများသည် မြန်မာ နိုင်ငံ၏ စီးပွားရေး အလားအလာကောင်းများ နှင့် အများပြည်သူတို့၏ အကျိုးစီးပွားကို လမ်းဖွင့်ပေးမည့် သော့ချက်ဖြစ်သည်။
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