INSIGHTS THIS MONTH
HIGHLIGHT OF THIS MONTH
Challenging Times Ahead? What Lenders and Other Creditors Need to Know About Myanmar’s New Insolvency System
The Corona Pandemic hits Myanmar nearly at the same time as the new Insolvency Law 2020 (“the IL” was enacted on 14 February 2020). We all hope that the...
IN THIS ISSUE
CBM publishes new basic rules for NBFIs
[From our Banking & Finance Team]
On 9 July 2020, the Central Bank of Myanmar (“CBM”) published Instruction no. 3/2020 (the “Instruction”), introducing new principles for regulating the non-bank financial...
New Legislation Set to Remove Multi-Level Marketing Ban
[From our Regulatory Team]
The use of a Multi-level Marketing (“MLM”) business model has been banned since 2018 by way of Notification 46/2018, dated 18 September 2018, issued...
Myanmar Solar Tender 2020: What Should Hopeful Bidders Watch Out For?
[From our Energy and Infrastructure Team]
The tender launched in May by the Electric Power Generation Enterprise (“EPGE”) for 30 sites totaling 1,060MW in Myanmar made quite a splash and was even subject to an unsuccessful claim by the newly...
The Draft Union Tax Law 2020 and Key Takeaways From Recent Changes in Tax Regulations
[From our Taxation Team]
The past few months have been an interesting phase for taxpayers in Myanmar due to the tax reliefs granted under the COVID-19 Economic Relief...
Is COVID-19 a force majeure event in Myanmar construction contracts and power purchase agreements?
[From our Energy and Infrastructure Team]
As with all sectors of the economy, the infrastructure sector in Myanmar will likely be significantly impacted by the current COVID-19 outbreak. Although there...
RECENT VDB LOI WORK
Seamless services on large projects: In addition to legal counsel, VDB Loi is providing comprehensive tax structuring and planning advice to a consortium on a reservoir hydropower project in northern Myanmar.
VDB Loi’s Tax team trusted by multinationals and local companies alike: The Tax team has been engaged by a variety of companies, including a major towerco and a global luxury spirit and wine purveyor, for tax compliance work.
Expertise with large-scale infrastructure projects: VDB Loi is assisting a Chinese construction company on the acquisition of 15 sites for the development of infrastructure projects around the country.
Customs services: VDB Loi is advising a global multi-level marketing company with regard to customs valuation issues on their imports into Myanmar.
Tax ruling: VDB Loi has been engaged by a major towerco to obtain a ruling from the Internal Revenue Department regarding taxation on turnkey services.
VDB LOI NEWS
VDB Loi Cambodia Clinches Historic Tax Ruling
Loss carry-forward for corporate income tax purposes is challenging in Cambodia, as various restrictions and limitations are imposed. For example, companies that undergo a “change in shareholder” are not...
Archive
- What to Know About the Legal and Tax Implications of Official Development Assistance Projects in Cambodia
March 2024 - Frequently Asked Questions on Corporate Registration in Cambodia
February 2024 - Update on Tax Challenges for Foreign Airlines in Cambodia
January 2024 - Prime Minister Lines Up Wide Range of Tax Incentives (VDB Loi Insights)
November 2023 - Our Yangon Office: New Address (VDB Loi Insights)
October 2023 - VDB Loi Awarded Best for Tax Cambodia, Law in Laos (VDB Loi Insights)
September 2023 - Cambodian Government Increases Subsidies for Pregnant Women and Young Children (VDB Loi Insights)
August 2023 - Vietnam New Regulation from State Bank of Vietnam on Foreign Loans (VDB Loi Insights)
July 2023 - Automated System to Apply for E-Commerce Licenses/Permits Available (VDB Loi Insights)
June 2023 - New National Power Development Plan in Vietnam (VDB Loi Insights)
May 2023 - Myanmar: Major Changes in the Union Tax Law 2023 (VDB Loi Insights)
April 2023 - Clean Energy Transition is Additional Drive for Regional Power Trades in South and South East Asia (VDB Loi Insights)
March 2023 - Maximizing Benefits from Investment Incentives (VDB Loi Insights)
February 2023 - Is Land Acquisition the Real Reason Behind the Unbearable Delay of Solar Projects? (VDB Loi Insights)
January 2023 - VDB Loi Hosts Major Seminar on Renewable Energy in Cambodia (VDB Loi Insights)
November 2022 - New Opportunities for Renewable Energy and Grid Reinforcement in Cambodia (VDB Loi Insights)
October 2022 - Foreign Construction Contractor in Vietnam: Local Compliance Framework (VDB Loi Insights)
September 2022 - Setting Up Or Acquiring Manufacturing Business In Vietnam
August 2022 - Pathway to an Independent Power Project in Vietnam
July 2022 - Foreign loans for Vietnamese borrowers – Q&A
June 2022 - Green Finance in Southeast Asia
May 2022 - How Does Bangladesh’s Blockchain Strategy Look Like?
April 2022 - VDB Loi Cambodia Wins IFLR Asia-Pacific National Law Firm of the Year Award
March 2022 - Will Income From Cryptocurrency Be Taxed In Vietnam? (VDB Loi Insights)
February 2022 - The New Laws on Investment and Public-private Partnership: Setting the Foundation for Advanced Private Investment Landscape in Cambodia
January 2022 - Bangladesh Project Finance Update: Some New Developments and Practices on the Local Aspects of Cross-border Financing in Bangladesh
November 2021 - Update on Investment Licensing in Bangladesh: New BIDA Practices
October 2021 - Intra Group Services – Are Cambodian Taxpayers Waving a Red Flag to the GDT? Part One
September 2021 - VDB Loi Cambodia Awarded Cambodia Tax Firm of the Year
August 2021 - New Regulation in Cambodia on Road Transportation Services Provided With the Use of Digital Technologies
July 2021 - Tax Amnesty on Undisclosed Income at Reduced Tax Rates
June 2021 - M&A Hot Issues
May 2021 - Phnom Penh Lockdown: Who Remains Open? Which Authorities Still Work?
April 2021 - Annual Audit of Personal Income Tax in the Lao People’s Democratic Republic (VDB Loi Insights)
March 2021 - New Tax Rules in Laos, Solar Bids in Cambodia, Expat Labor Rules Myanmar
February 2021 - What Is Different About Cambodia’s New Solar Project Tender? (VDB Loi Insights)
January 2021