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INSIGHTS THIS MONTH

October 2019

HIGHLIGHT OF THIS MONTH

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...

IN THIS ISSUE

The Enforcement of Monthly Personal Income Tax Return Filing and Payment

[From our Taxation]

Please note that a Statement by the Internal Revenue Department, Yangon Region (“IRD”) has been issued regarding enforcing monthly Personal Income Tax (“PIT”) return... 

When does an overseas corporation have to register a commercial presence in Myanmar?

[From our Corporate Commercial & M&A]

Under section 43 of the Myanmar Companies Law 2017 (“MCL”), an overseas corporation is not allowed to ‘carry on business’ in Myanmar unless it... 

RECENT VDB LOI WORK

DTA tax relief applications: VDB Loi has been assisting a number of our clients, including one of the largest packaging companies in ASEAN and a regional logistics company, with obtaining DTA tax relief.

Distribution of energy drinks: The Regulatory team has been engaged by a regional health and nutrition company to obtain the FDA approvals and licenses necessary to import and distribute its energy drink products, a growing segment of the beverage market in Myanmar.

Tax advisory on market entry: A major Korean oil and gas company has engaged VDB Loi’s tax team to advise on the tax structuring for its market entry.

Rooftop solar agreement: The Energy team is advising a developer on the drafting and negotiation of a template rooftop solar offtake agreement.

Microfinance acquisition: We are assisting a major Singaporean bank on its acquisition of a stake in a microfinance institution in Myanmar.

VDB LOI NEWS

Edwin speaks at the Myanmar Panel on this year’s Project Finance International Conference

Edwin Vanderbruggen, Senior Partner of VDB Loi joins the Myanmar Panel on this year’s Project Finance International Conference. The 24th PFI Financing Energy Projects in Asia Conference took place...

How to Create a Tidal Wave of Foreign Investments in Electricity and Infrastructure

Myanmar Business Today Journal published Edwin’s Oped “How to Create a Tidal Wave of Foreign Investments in Electricity and Infrastructure” Go to the following link to read the Oped....

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