INSIGHTS THIS MONTH
HIGHLIGHT OF THIS MONTH
2019 edition of the Project Finance Market Intelligence publication by Getting the Deal Through, Southeast Asia
VDB Loi contributed to the 2019 edition of the Project Finance Market Intelligencepublication by Getting the Deal Through. VDB Loi team prepared a regional project finance overview for Southeast Asia. Please...
IN THIS ISSUE
Recent Directives by Central Bank of Myanmar
[From our Banking and Finance Team]
The Central Bank of Myanmar (the “CBM”) recently published several directives relating to corporate governance aspects of banks’ operation. Highlights of this note 1....
Enactment of Specific Goods Tax regulations: more compliance requirements for producers?
[From our Banking and Finance Team]
Although the Specific Goods Tax Law (“SGT Law”) which imposes Specific Goods Tax (“SGT”) on certain goods in Myanmar was enacted back in January...
Celebrating Thingyan and Reflecting on a Successful Year With VDB Loi
[From our Myanmar Office]
With the recent celebration of our seventh anniversary as well as the upcoming Thingyan Festival in Myanmar, we at VDB Loi would like to...
Client Alert – Update on Interest-Free Loans
[From our Cambodia Office]
In a recent Client Alert, we advised that the General Department of Taxation (“GDT”) had verbally indicated that interest-free loans between related parties would...
Client Alert: Tax Audit – Important Update!
[From our Cambodia Office]
On 13 March 2019, the Ministry of Economy and Finance (“MEF”) issued Prakas 270 on Tax Audits (“Prakas 270”), which attempts to streamline the...
Client Alert: Important Update on Withholding Tax on Dividends
[From our Cambodia Office]
On 5 April 2019, the Ministry of Economy and Finance issued Prakas 372 to introduce new rules on dividend withholding tax (“WHT”). This Prakas...
OUR UPCOMING EVENTS
How Business Disputes Turn Into Criminal Cases: Investors Beware?
9 May 2019, Yangon
not yetPractical Tips on Obtaining the New Retail & Wholesale License
14 May 2019, Yangon
CLMV (Cambodia, Laos, Myanmar and Vietnam) Projects and Finance Update
19 June 2019, Tokyo
RECENT VDB LOI WORK
The Energy and Infrastructure team is advising a European company on the structuring of its project in Myanmar, which involves the use of cutting-edge technology to generate hydropower electricity for the country.
VDB Loi’s TMT team is providing a leading Japanese multinational with market entry research and advice on telecom power supply and community power projects in Myanmar.
The Banking and Finance team acted as counsel for a development financial institution on its multimillion dollar loan to a Myanmar microfinance institution.
The Tax team has been engaged by a leading international accounting firm to provide tax services for its clients.
VDB Loi assists clients with licensing in a range of industry sectors; the Regulatory team successfully obtained a wholesale license for an international FMCG company to do business in Myanmar.
NEW MYANMAR LAWS AND REGULATIONS THIS MONTH
Amended on terms and definitions of the original law, and added on the permission of the foreign engineers registration process
Newly enacted in order to replace the old Boundaries Act 1880
Mainly amended on the sentences of section 376 ” Punishments for Rape”
Newly drafted to replace the old law dated 1989
Newly drafted for the planning of new urban projects in Myanmar
Mainly changed on the name of Ministry ” Ministry of Finance and Planning has replaced by “Ministry of investment and foreign economic relations”
Archive
- 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 - 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