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INSIGHTS THIS MONTH

August 2020

HIGHLIGHT OF THIS MONTH

VDB Loi Crowned Tax Firm Of The Year For Third Time At The 2020 ITR Tax Awards

For the second consecutive year, VDB Loi Myanmar has managed to claim the coveted International Tax Review (ITR) Tax Firm of the Year award in 2020, in addition to winning this...

IN THIS ISSUE

New Batch of Projects Fed Into the Project Bank

[From our Energy and Infrastructure Team]

As Myanmar is experiencing a new wave of local COVID-19 transmissions and the outbreak is continuing to disrupt Myanmar’s economy and business operations, the... 

Insurance Law Amended – Key Changes in the Insurance Regime of the Lao People’s Democratic Republic

[From our Laos Office]

The Law on Insurance (amended) No. 78/NA dated 29 November 2019, (the “Amended Insurance Law”) came into effect on 14 April 2020, after it... 

Lao PDR Amends Its Land Law – What’s New?

[From our Laos Office]

Today sees the entry into force of the new Law on Land No. 70/NA dated 21 June 2019 (the “2019 Land Law”), which among... 

Continued Tax Amnesty on Undisclosed Income at Slightly Higher Income Tax Rates

[From our Taxation Team]

If an individual or a company is buying a capital asset or making an investment, the source of income is required to be provided... 

Cambodia Legal Update – Labor Law – Deadline to Apply for Foreign Employees Quota Approval for 2021

[From our Cambodia Office]

Employers should be aware that 2021 labor compliance deadlines are approaching. The period to apply to the Ministry of Labor and Vocational Training (“MLVT”)... 

Capital Gains Tax

[From our Cambodia Office]

Capital Gains Tax (“CGT”) has finally been introduced in Cambodia by Prakas no. 356 MEF.Prk dated 1 April 2020, issued by the Ministry of... 

OUR UPCOMING EVENTS

Getting Ready for Cambodia’s Upcoming Solar Tender

29 September 2020, Online Webinar Event

RECENT VDB LOI WORK

Expertise on M&As: We are acting for a consortium of investors on the acquisition of a company involved in the distribution of consumer products in the renewable energy space.

Cross-border tax planning: VDB Loi is providing a Singaporean distributor of downstream oil & gas products with cross-border tax planning and structuring advice for its entities in Myanmar.

Tax advisory for infrastructure projects: We are advising a Chinese construction company on the tax implications of its infrastructure projects in Myanmar.

Market entry expertise: MNCs from a variety of industries rely on VDB Loi’s experts to provide their incisive knowledge and understanding of the Myanmar business and regulatory environment for their market entries.

Licensing for international investors: VDB Loi’s Licensing team assists international investors, Including a regional engineering company and a global telco, with their licensing and corporate compliance matters.