Home » Newsletter » Annual Audit of Personal Income Tax in the Lao People’s Democratic Republic (VDB Loi Insights)

INSIGHTS THIS MONTH

March 2021

HIGHLIGHT OF THIS MONTH

Annual Audit of Personal Income Tax in the Lao PDR

Are you ready for your annual personal income tax audit, due by 31 March 2021? Did you know you need to register for a taxpayer identification number? Do you...

IN THIS ISSUE

COVID-19 in Cambodia: What are the consequences of violating the COVID Law?

[From our Cambodia Office]

With the current drastic increase in the number of COVID-19 infections in Cambodia and to help prevent the spread of contagious diseases, the Royal... 

Final Payment of Annual Profit Tax for FY2020

[From our Laos Office]

The deadline for the final annual profit tax payment is fast approaching, are you ready? Are you aware of the new 50% penalty on... 

Updates on Licensing for Rubber and Rubberwood Processing

[From our Cambodia Office]

The richness of Cambodia’s soil makes rubber plantations a popular investment in the Kingdom of Cambodia. Seeing the potential growth in this sector, 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 Relaxation of Licensing Requirement for Importation and Exportation of Certain Goods in Myanmar

[From our Regulatory Team - Myanmar Office]

The Ministry of Commerce (“MOC”) recently issued Newsletter no.02/2021, dated 3 March 2021, (“Newsletter 2”) granting a temporary exemption for obtaining import/export licenses when... 

RECENT VDB LOI WORK

TMT operations: The TMT team is conducting a facility agreement sanction review for a leading regional telecommunications company.

FDA approval: VDB Loi is assisting a major regional F&B company with obtaining FDA approval to import and distribute its products in Myanmar.

Experts in land matters: Clients look to us for our expertise on land issues; we are regularly engaged by local and foreign investors to conduct due diligence on their project land.

Corporate compliance: VDB Loi is assisting a global electronics company and a regional telecommunications company with their corporate filing obligations.

Insurance advisory for energy project: Our Energy team is advising an export credit agency on the provision of equity and debt political risk guarantee insurance to a thermal project in Myanmar, currently being developed on the basis of a PPA with the government.

Archive