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INSIGHTS THIS MONTH

September 2021

HIGHLIGHT OF THIS MONTH

Intra Group Services – Are Cambodian Taxpayers Waving a Red Flag to the GDT? Part One

For many developing countries, one of the most common types of related party transactions is intra group services. This could be domestic, but is predominantly cross border services provided...

Good News for Investors: Cambodia Moves More Licensing Procedures Online

[From our Cambodia Office]

As part of a wider enhancement of digital public services, and to improve the business and investment environment, the Royal Government of Cambodia launched...

New MIC Permit or Endorsement to Be Issued to Businesses Suffering Fire Damage in Myanmar

[From our Regulatory Team - Myanmar Office]

The Myanmar Investment Commission (“MIC”) released Notification 28/2021, dated 8 September 2021, regarding a support plan for the recovery of businesses in Myanmar (“Notification...

Set Up a Website for Online Sales – What a Seller Needs to Know?

[From our Vietnam Office]

Overview According to a report by Vietnam e-Commerce and Digital Economy Agency (governed by Ministry of Industry and Trade), with 53% of the population...

Change of the Financial Year for Banks, Financial Service Companies, and Mobile Financial Service Providers in Myanmar

[From our Taxation Team - Myanmar Office]

On 7 September 2021, the Central Bank of Myanmar (“CBM”) issued a letter notifying all banks, financial service companies, and mobile financial service providers...

The Bank of the Lao PDR Mandates Exchange Bureaus to Tie Up With Commercial Banks – What to Expect?

[From our Laos Office]

The Monetary Policy Department of the Bank of the Lao PDR (“BOL”) issued Instruction No. 878/MPD on 2 August 2021 (“Instruction No. 878”) to...

RECENT VDB LOI WORK

Advisory for INGO: VDB Loi is advising an international development and humanitarian organization in connection with its operations in Myanmar.

International law firms rely on VDB Loi’s on-the ground-knowledge: The Regulatory team is handling the Myanmar corporate registration and compliance work for the client of a major international law.

Wind power project in the Lao PDR: A leading player in clean electricity generation and energy services engaged VDB Loi Laos to prepare a PDA and PPA bankability report in connection with its acquisition of a stake in the Lao PDR’s first wind power project, arguably the largest wind power project in Southeast Asia.

Land issues for power project: VDB Loi Cambodia is assisting a regional renewable energy company with a complex land conversion for its solar power project.

Tax advisory on a gas-to-power project in Myanmar: The Tax team is advising on the detailed tax implications and compliance issues for the full scope of operations in connection with a regional oil & gas company’s domestic gas-to-power project in Myanmar.