INSIGHTS THIS MONTH
HIGHLIGHT OF THIS MONTH
Our Yangon Office: New Address
As of 31 October 2023 , the new Yangon office address and contact numbers are:1st Floor, No. 112-114, Bogalay Zay StreetBotahtaung Township, YangonTel: +951 837 1635Fax: +951 837 1902
IN THIS ISSUE
Multiple Large-scale Projects, Including Several BOT Initiatives Approved by HCMC People’s Council
[From our Vietnam Office]
On September 19, 2023, Ho Chi Minh City People’s Council held a direct thematic meeting to discuss important issues related to Resolution 98/2023/QH15 (“Resolution...
Eurocham, Amcham and VDB Loi meet with GDT to help fix tax issues for foreign investors in Cambodia
[From our Cambodia Office]
VDB Loi’s Edwin Vanderbruggen and Laysym Sim facilitated the technical input at a consultation between Eurocham, Amcham and the GDT on 5 October 2023...
Fasten Your Seatbelts: Turbulence Ahead for the Taxation of International Airlines in Cambodia
[From our Cambodia Office]
If you think air travel already got too expensive, you will not be happy to hear that ticket prices to and from Cambodia might...
The Lao Government Increases Excise Tax Rates
[From our Laos Office]
On 9 October 2023, the Government of the Lao PDR issued Presidential Edict No. 003/P to increase some of the excise tax rates in...
Increase in Registered Capital Requirement and Other Changes to the Banking Rules Under the New Commercial Bank Law
[From our Laos Office]
On 30 August 2023, the new Commercial Bank Law (Amendment) No. 39/NA dated 17 July 2023 (the “New Bank Law”) was promulgated by the...
Increased Oversight over Commodity Markets with the Bangladesh Securities and Exchange Commission’s New Rules
[From our Bangladesh Office]
The framework consists of 66 rules along with various forms and exhibits, aimed at ensuring a level playing field, efficiency, transparency, and orderliness in...
New “Public Interest Entity” Category Introduced in Bangladesh
[From our Bangladesh Office]
The latest regulations introduce a novel concept, defining a “public interest entity” based on the minimum workforce employed. According to the FRC, for a...
Updated Customs Regulations on the Horizon for Bangladesh
[From our Bangladesh Office]
The draft Customs Bill of 2023 aims to establish fiscal responsibility and transparency in the collection of import revenue and the facilitation of trade....
OUR UPCOMING EVENTS
Tax Audits and Transfer Pricing for the Transport and Logistics Sector
17 November 2023, Phnom Penh
RECENT VDB LOI WORK
Land due diligence in Bangladesh: VDB Loi Bangladesh is assisting an Asian construction company with land acquisition due diligence services for its project in the country.
Comprehensive legal and tax advisory in Cambodia: VDB Loi has been engaged by a leading Chinese law firm to provide comprehensive legal and tax advice on EPC documents and establishing branches in Cambodia for its client.
Hydropower development in Laos: VDB Loi Laos is advising a Thai company, one of the developers of a 1,400MW hydropower project, with its acquisition of an equity interest in a Lao hydropower developer.
Tax expertise in Myanmar: Our expert tax team provided support to a cargo and freight company in Myanmar with tax analysis and transfer pricing documentation preparation.
Renewable energy work in Vietnam: VDB Loi has been engaged by a leading Chinese law firm to provide a legal environment report on the renewable energy industry in Vietnam for its client.
VDB LOI NEWS
Edwin Vanderbruggen on the growth outlook for Cambodia in 2024
Edwin Vanderbruggen, VDB Loi Senior Partner, is quoted in the Khmer Times, commenting on the recently released IMF economic growth projection for Cambodia for 2024. Read the article here.
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