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INSIGHTS THIS MONTH

February 2021

HIGHLIGHT OF THIS MONTH

Breaking news! Finally released, instructions on the implementation of the Income Tax Law!

On 10 February 2021, the Minister of Finance issued Instruction No. 0819/MoF (the “Instruction”) to implement the Income Tax Law No. 67/NA dated 18 June 2019. There are a...

IN THIS ISSUE

More Bids Than Expected at Cambodia’s 40 MW Solar tender

[From our Cambodia Office]

On 17 February, EDC has received 14 bids, at the tender for Phase 2 of the National Solar Park project which is more than... 

Year in Review: Developments in Banking Regulations of Central Bank of Myanmar – 2020

[From our Banking and Finance Team]

The Central Bank of Myanmar (“CBM”) has published a number of directives in the year 2020 many of which are aimed at supporting the... 

Cambodia – Tax Changes and Relief Affecting Your 2020 Corporate Income Tax Return

[From our Cambodia Office]

On 29 January 2020, the Ministry of Economy and Finance issued Prakas No. 098 MEF.PrK on Tax on Income (“Prakas 098”), which made several... 

Temporary Suspension of Employment Contract Registration for Expats?

[From our Corporate M&A Team]

Under the Ministry of Labor, Immigration, and Population Notification No 140/2017, in addition to it being an obligatory requirement that the employment contract (the... 

RECENT VDB LOI WORK

Project advisory solar power: VDB Loi is advising a Myanmar conglomerate on land and joint venture matters in relation to five solar power projects under development in Myanmar.

Tax advisory services: VDB Loi’s Tax team provided tax structuring and compliance advice for a leading Asian healthcare services provider.

Tax team trusted by local and foreign companies alike: VDB Loi has been engaged by a number of local foreign companies for their tax compliance needs, including a leading Southeast Asia food and beverage company.

Lenders choose VDB Loi: We are advising a Chinese multinational banking company on potential remedies and options for enforcement actions against a borrower.

TMT expertise: VDB Loi has been engaged by a leading European law firm to review terms of services and data privacy policies for online content services for their compliance with Myanmar law.

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