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
- 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