INSIGHTS THIS MONTH
HIGHLIGHT OF THIS MONTH
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...
IN THIS ISSUE
Special Permit to Travel in and out of Vientiane Capital during the Lockdown Phase
[From our Laos Office]
On 10 May 2021, the Division of Health of Vientiane Capital (“DH.VTE”) issued Notice No. 378/DH (the “Notice”) requiring that those wishing to travel...
All Employers Need To Re-Register With The Labor Authority In Cambodia
[From our Cambodia Office]
On 31 December 2020, the Cambodian Ministry of Labor and Vocational Training (“MLVT”) announced the launch of its automated online portal for labor-related services...
Cash Withdrawal Ceiling for Microfinance Institutions
[From our Banking and Finance Team - Myanmar Office]
The Financial Regulatory Department (“FRD”) issued a letter on 19 May 2021 which requires licensed microfinance institutions (“MFIs”) to provide one-time information to the...
VDB Loi Litigation Team Bags Historic Win: First Myanmar Court Enforcement of Foreign Verdict in Major Arbitration Case
[From our Dispute Team - Myanmar Office]
Recently a district court in Myanmar has granted an execution order to approve enforcement of a foreign court judgment against defendants in Myanmar. The...
Myanmar Issues New Solar Tender for 240-480 MW
[From our Energy and Infrastructure Team - Myanmar Office]
On 24 May 2021, the Electric Power Generation Enterprise (“EPGE”) under the Ministry of Electricity and Energy of Myanmar (“MOEE”) launched its second solar...
Draft Circular on DPPA for Renewable Energy Project to Collect Public Opinions
[From our Vietnam Office]
The Ministry of Industry and Trade of Vietnam (MOIT) HAS recently released THE second draft circular regarding the implementation of the pilot program for...
OUR UPCOMING EVENTS
Hot Tax Dispute Issues – And How to Solve Them
11 June 2021, Online Webinar Event
RECENT VDB LOI WORK
Natural gas expertise: VDB Loi’s Energy team has been engaged by a leading Asian research institute to advise on the regulatory and policy framework for natural gas pipeline projects in Myanmar.
DTA relief and expatriates: VDB Loi has been engaged by a regional oilfield services company to advise on the personal income tax implications for its expatriates deployed to Myanmar, including possible DTA relief.
Tax advisory on solar power project: Our team is advising a contractor on one of the largest solar power projects in Myanmar on the tax implications of its new contract.
Tax compliance for oil & gas: The Tax team is handling all tax compliance for a company providing LNG regasification services in Myanmar.
Liquidation services: The Regulatory team is handling the regulatory and tax aspects of the liquidation of a multinational analytics company
Acquisition of power plant: Our Cambodian team is presently working hard on the proposed purchase of 100% of an operating power plant.
Winding up of multinational group’s companies in the region: Following a strategic decision, the local subsidiaries in Cambodia and Myanmar of a multinational company in the services industry will be dismantled. VDB Loi’s teams in these countries assist with corporate, tax and employment issues.
Tax structuring advice: Our Vietnam team is assisting a multinational company with regulatory and tax structuring advice for an animal feed manufacturing plant set up in Vietnam in terms of tax efficiency and cash repatriation purposes
Licensing for a mobile gaming project: Our Vietnam teams assist a US based mobile gaming developer to incorporate a subsidiary in Vietnam. We do corporate advice, licensing, tax compliance issues.
Archive
- 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 - Laos: Key Changes to Secured Transactions
November 2020 - New Rules Issued for Unsolicited Projects in Myanmar
October 2020 - VDB Loi Celebrates Outstanding Asialaw Rankings (VDB Loi Insights
September 2020 - VDB Loi Crowned Tax Firm Of The Year For Third Time At The 2020 ITR Tax Awards
August 2020 - Challenging Times Ahead? What Lenders and Other Creditors Need to Know About Myanmar’s New Insolvency System
July 2020 - Loan Transactions In Southeast Asia: Getting Through The Challenging Times
June 2020 - How To Win at Myanmar’s Solar Tender, Part of COVID-19 Stimulus Package?
May 2020 - Do Employees Have the Right to Work Remotely? Questions on Labor Law Facing the Corona Virus Outbreak
April 2020 - Myanmar, Cambodia and Laos Facing the Pandemic Challenge
March 2020 - Project Bank (finally) published
February 2020 - Myanmar Approved FDI for 2019 in Power Sector: All Projects Selected VDB Loi as Advisor
January 2020 - The Impact of the 2019 Construction Law on Property Development in Cambodia
November 2019 - Can you sue a dissolved company? (VDB Loi Insights)
October 2019 - Myanmar Arbitration Update
September 2019 - Myanmar Passes New Law for Land Acquisition, Resettlement and Rehabilitation
August 2019 - How to Create a Tidal Wave of Foreign Investment in Electricity and Infrastructure? By These 5 Steps. (VDB Loi Insights)
July 2019 - Power Surge at MOEE
June 2019 - Myanmar About to Launch Power Barge Tender
May 2019 - VDB Loi Insights
April 2019 - VDB Loi Wins Law Firm of the Year
March 2019