INSIGHTS THIS MONTH
HIGHLIGHT OF THIS MONTH
Myanmar Passes New Law for Land Acquisition, Resettlement and Rehabilitation
On 19 August 2019, the Union Parliament of Myanmar, Pyidaungsu Hluttaw, enacted Land Acquisition, Resettlement and Rehabilitation Law (Pyidaungsu Hluttaw Law No. 24/2019) to replace the colonial-era Land Acquisition...
IN THIS ISSUE
Suspension of electricity and mineral investment project incorporations
[From our From Laos Office]
On 10 July 2019, the Department of Investment Promotion of the Ministry of Planning and Investment (“DIP”) issued Notice No. 189 (the “Notice”) regarding...
MoPF announcement on life and non-life insurance JV
[From our From our Banking and Finance office – Myanmar]
Following previous announcements by the Ministry of Planning and Finance (“MoPF”), foreign life and non-life insurance companies can now form joint ventures with local...
OUR UPCOMING EVENTS
Myanmar Arbitration Update (Live Webinar Event)
26 September 2019, Online Webinar Event
RECENT VDB LOI WORK
LNG-to-power: Advising the first-ranked bidders on the finalization of project documents for three short-term LNG-to-power projects in Myanmar
Real estate development: We are assisting a leading Japanese construction company on the implementation of a mixed-use real estate project in Yangon
Immigration services: The Regulatory team is advising a leading international accounting firm on immigration compliance issues
Wholesale operations: VDB Loi is assisting a major player in the distribution sector in Asia on its potential entry into Myanmar, with due diligence, structuring advice, and drafting of transaction documentation
Hotel project: VDB Loi’s team is assisting with the design and implementation of the contractual structure for a major hotel project
End-of-year tax audits: The Tax team is working on a number of tax audit projects with local and international clients
NEW MYANMAR LAWS AND REGULATIONS THIS MONTH
Law amending the Union Judiciary Law (Fourth Amendment) (Law No: 25/ 2019)
(21 August 2019)
Mainly changed on the part of appointment of judges and swearing an oath
Land acquisition , resettlement and rehabilitation Law 2019 (Law No: 24/ 2019)
(20 August 2019)
Newly enacted to replaced the old land acquisition law 1894.
Myanma Telecommunication Corporation Law (Law No: 23/ 2019)
(6 August 2019)
Newly enacted to administrate and implement the government telecommunication corporations
VDB LOI NEWS
VDB Loi successfully hosted the CLMV (Cambodia, Laos, Myanmar and Vietnam) projects and finance update seminar with APLMA in Singapore
On the 6th of August, 2019, we hosted a successful seminar in Singapore in partnership with the APLMA (Asia Pacific Loan Market Association). The seminar featured projects and finance updates...
300 Attendees were present for “Tax Administration Law : Are You Prepared for the New Tax Administration System in Myanmar?” Seminar
We hosted the “Tax Administration Law : Are You Prepared for the New Tax Administration System in Myanmar?” Seminar at Pan Pacific on the 13th of August 2019. Our taxation professionals...
Archive
- New Tax Audit SOPs in Cambodia: What Businesses Need to Know (VDB Loi Insights)
July 2024 - Cambodia Tax Update: Key Changes to Signboard, Rental, Accommodation, and Public Lighting Taxes
June 2024 - Vietnam: Updates on Latest Developments in Energy Market Regulations
May 2024 - Cambodia Poised to Clarify Profit Attribution and Transfer Pricing of Cross Border Shipping Income
April 2024 - 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