INSIGHTS THIS MONTH
HIGHLIGHT OF THIS MONTH
VDB Loi Named Myanmar Tax Firm of the Year at International Tax Review 2019 Tax Awards
VDB Loi has received yet another award and is proud to be recognized as the Myanmar Tax Firm of the Year at the International Tax Review (ITR) 2019 Asia...
IN THIS ISSUE
Myanmar Power Barges: Legal and Tax Issues
[From our Energy and Infrastructure Team, Myanmar]
Lack of electricity generation and the growing demand in power supply have led the government of Myanmar to resort to short-term power rental projects...
10 Frequently Asked Questions about the Myanmar Industrial Design Rights Law 2019
[From our Telecom, Media and Technology Team, Myanmar]
As we mentioned in our previous article on the Myanmar Trademark Law 2019 [10 Frequently Asked Questions About the Myanmar Trademark Law 2019], the...
Central Bank of Myanmar provides a warning against the risks of transactions with cryptocurrencies
[From our Banking and Finance Team, Myanmar]
The Central Bank of Myanmar (the “CBM”), by an announcement on 3 May 2019, noted that it does not recognize digital currencies as legal...
Change of the Income Year in Myanmar: What Do Companies Need to be Aware of?
[From our Taxation Team, Myanmar]
On 28 May 2019, the Internal Revenue Department (“IRD”) of the Ministry of Planning and Finance (“MOPF”) announced a change to the income year (formerly...
Special Client Alert: Tax Saving Opportunities
[From our Cambodia Office]
The Royal Government of Cambodia has been working hard to stimulate investment and economic growth. The General Department of Taxation (“GDT”) is playing an...
Client Alert: Tax treatment of seniority payments clarified and VAT exemption on recruiting and training fees
[From our Cambodia Office]
On 11 April 2019, the Ministry of Economy and Finance issued Circular 003 to confirm the tax treatment of seniority payments introduced by a...
OUR UPCOMING EVENTS
CLMV (Cambodia, Laos, Myanmar and Vietnam) Projects and Finance Update
19 June 2019, Tokyo
The First Environmental Compliance Certificates: What Are the Key Things to Know for Developers and Lenders?
28 June 2019, Yangon
- How does an actual ECC look like?
- Which environmental conditions are imposed on project activities in the ECC?
- Are public consultations a legal requirement?
- Can you start preparation or construction without the ECC?
- From EIA to ECC: process and actors
- Who can oppose an ECC being issued and how can that be resolved?
- Can an ECC be transferred?
RECENT VDB LOI WORK
Market entry expertise: We are providing legal and tax advice to a European renewable energy company on its market entry into Myanmar.
Tower acquisition: VDB Loi’s TMT team has been engaged by a leading regional telecommunications company to assist with all aspects of its tower acquisition deal.
Tax team breaks new ground: VDB Loi’s tax team is assisting a regional oil & gas company with its precedent-setting appeal to the Large Taxpayers’ Office.
New renewable energy projects: The Energy and Infrastructure team is advising a foreign player on the development of various wind power projects, including drafting of the power purchase agreement with the Electric Power Generation Enterprise. The team is also acting as local counsel for a consortium on the development of a reservoir hydropower project in northern Myanmar.
NEW MYANMAR LAWS AND REGULATIONS THIS MONTH
Bill on Industrial Zone Law
(2/May/2019)
Newly drafted to control the Industrial Zone Land permits
Bill on Law amending the Union Judiciary Law
(24/April/2019)
Mainly changed on the appointment of Judges by Chief Justice
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