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30
Nov
2019
The Impact of the 2019 Construction Law on Property Development in Cambodia (VDB Loi Insights)
  INSIGHTS THIS MONTH NOVEMBER 2019   Highlight of This Month / In This Issue / Recent VDB Loi Work / Recent Publications HIGHLIGHT OF THIS MONTH The Impact of the 2019 Construction Law on Property Development in Cambodia by VDB Loi Cambodia Office In the wake of the tragic and fatal building collapse in […]
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 […]
25
Nov
2019
ミャンマーの電力・インフラ分野に外国投資を呼び込む 5つの提言
電気がなければ仕事ができない。道路、港、鉄道がなければ移動できない。 電気などのインフラはミャンマーの大きな経済成長と国民繁栄への扉を開ける鍵である。電力事業、有料道路事業、水道事業、鉄道事業などへの投資を危険に晒したいと考える投資家はいない。
9
Nov
2019
New round of foreign bank licensing in Myanmar
On 7 November 2019 the Central Bank of Myanmar issued announcement confirming that a third round of foreign bank licensing will be initiated and opened to foreign banks with representative offices in Myanmar (the “Announcement”). Pursuant to the Announcement, foreign banks will be able to apply either for a branch or for a subsidiary license, […]
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
Can you sue a dissolved company? (VDB Loi Insights)
  INSIGHTS THIS MONTH OCTOBER 2019   Highlight of This Month / In This Issue / Recent VDB Loi Work / Recent Publications HIGHLIGHT OF THIS MONTH Can you sue a dissolved company? From our Disputes Team – Myanmar Office When a company is dissolved, it essentially means that a company has ceased to exist […]
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, […]
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