Share Transfers in Cambodia, Laos, Myanmar and Vietnam: Capital Gains Tax Perils, Registration Pitfalls, and Offshore Indirect Transfers

Highlights of this note

• Some pitfalls in registering an offshore sale of shares in a Cambodian company
• Frequent disputes on the 0.1% stamp duty for share transfers in Cambodia
• Uncertainties about future capital gains tax on the transfer of shares in a Cambodian company
• Registering a sale and purchase of shares in a Myanmar company is usually straightforward
• Stamp duty for transferring Myanmar shares remains a problem
• Additional regulatory approval requirements in Myanmar
• Capital gains tax on selling shares in a Myanmar company
• Future CGT on the transfer of shares in a Myanmar company
• Registering a sale and purchase of shares in a Lao company
• Capital gains tax on selling shares in a Lao company
• Registering a sale and purchase of shares in a Vietnamese company
• Capital gains tax on selling shares in a Vietnam company
• Is there a tax exemption for the capital gain based on the Vietnam DTAs?
• Offshore indirect sale of a shareholding in a local company through an SPV
• Total number of DTAs in force for each country
• Taxing rights on the capital gains in each country under DTAs with Singapore and Hong Kong
• Overview Table