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29
Jun
2018
2% Withholding Tax Gone! (VDB Loi Insights This Month)
On the 15 June 2018 the Ministry of Construction (“MOC”), in partnership with VDB Loi, organized a landmark conference on Public Private Partnerships for Toll Roads in Myanmar.
28
Jun
2018
Ministry of Construction Decides to Promote PPP in Myanmar for Roads and Bridges
On the 15 June 2018 the Ministry of Construction (“MOC”), in partnership with VDB Loi, organized a landmark conference on Public Private Partnerships for Toll Roads in Myanmar. Highlights Overview Reports Panels First Step on the Road to Making the Yangon Expressway Project a Success
28
Jun
2018
VDB Loi to advise on Yangon Stock Exchange’s Special Task Force
A Special Task Force has been launched in cooperation with the Japan International Cooperation Agency (“JICA”), to provide consultation services to new companies interested in listing on Yangon Stock Exchange.  Companies wanting to list on the YSX have to hire an underwriter, law and accounting firm, and this process can be somewhat difficult. The Special […]
28
Jun
2018
Some Issues to Consider for Toll Road PPP Projects in Myanmar
The Union Ministry of Construction, in coordination with the Union Ministry of Transport and Communication, and the Yangon Regional Government seeks to implement its first ever elevated expressway, the Yangon Elevated Expressway. Highlights Situation of existing toll roads in Myanmar Myanmar has a lot of experience with toll road bot contracts, but not the right […]
28
Jun
2018
Public Private Partnerships for Myanmar Toll Roads Event held in Tokyo
VDB Loi held a workshop in Tokyo titled “Public Private Partnership for Myanmar Toll Roads”. There were more than 30 participants from developer companies, construction companies and banks. Edwin highlighted the key points to know when structuring a PPP project in Myanmar. Discussions were held about the prospects of road transportation projects in Myanmar. Topics […]
26
Jun
2018
DICA releases draft Category H forms for registration of matters relating to mortgages and charges
In preparation for the launch of the new electronic companies’ registry system, Myanmar Companies Online (“MyCO”), the Directorate of Investment and Company Administration (“DICA”) is preparing a set of prescribed forms to collect the information required to be submitted to the Companies Registrar under the Myanmar Companies Law 2017 (“MCL”). In order to raise public […]
20
Jun
2018
Tax Notes: The 2% Withholding Tax abolished!
Authors: Jean Loi, Ngwe Lin Myat Chit The Ministry of Planning and Finance has enacted a new Withholding Tax (“WHT”) Notification 47/2018 (“Notification 47”) on 18 June 2018 which is effective from 1 July 2018. The Notification 47 abolishes 2% WHT for payments to resident citizens and resident foreigners for services rendered, goods purchases and […]
31
May
2018
PTD Draft Directive on Tariffs for Telecom Licensees (VDB Loi Insights This Month)
      HIGHLIGHT OF THIS MONTH From our Telecommunications, Media and Technology Team PTD Draft Directive on Tariffs for Telecom Licensees Telecom licensees in Myanmar have an obligation under their license to seek and obtain PTD approval for tariffs prior to launch of the relevant telecom services, pursuant to section 29 of the Telecommunications […]
24
May
2018
New Minimum Wages
The National Committee for The Minimum Wage (the “Committee”) publicized a Notification on 2 January 2018 in which a new minimum wage of MM4,800 per day, calculated at a rate of MMK600 per hour, was proposed. In relation to the previous effective Minimum Wage (MMK3,600 per day / MMK450 per hour), this represents an increase […]
24
May
2018
Re-register your company or stop your business activity
Re-register or be ceased! Directorate of Investment and Company Administration (“DICA”) has issued a draft of the Companies Regulations 2018 called Myanmar Companies (Electronic Registry System and Miscellaneous Matters) Regulations 2018 (“Regulation”) with a commencement date of 1 August 2018. The Regulation is a continuation of the Myanmar Companies Law issued in 2017 and is […]
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