INSIGHTS THIS MONTH
HIGHLIGHT OF THIS MONTH
Foreign Construction Contractor in Vietnam: Local Compliance Framework
In this article we describe requirements of Vietnamese law that need to be complied with when foreign contractors are engaged in construction works in Vietnam. Highlights of this note...
IN THIS ISSUE
DICA Tightens the Requirements of Seeking DICA’s Recommendation for the Extension of Foreigners’ Stay Permits, Work Permits and Entry Visas
[From our Regulatory Team - Myanmar Office]
The Directorate of Investment and Company Administration (the “DICA”) issued an announcement dated 15 September 2022 with respect to the changes in the process...
Circular No, 08.01.0000.030.06.005 (part-01). 21/203 of NBR, on “Withdrawal of obligation to submit proof of filing of income tax returns to scheduled banks in respect of taking loans up to specified limits and credit card transactions” dated 18 September 2022.
[From our Bangladesh Office]
The National Board of Revenue (NBR) has withdrawn the provision of mandatory income tax return certificate submission for obtaining loans and credit cards on...
Department of Sustainable Finance (SFD) of Bangladesh Bank Circular No. 05: “Policy on Green Bond Financing for Banks and Financial Institution” dated 18 September 2022.
[From our Bangladesh Office]
Aiming to sustainable development goal, The Bangladesh Bank has issued a circular on green bond facility for banks and financial institution. As per the...
Department of Foreign Exchange Policy (FEPD) of Bangladesh Bank Circular No. 22, On “Foreign exchange transactions for merchanting trade” dated 14 September 2022
[From our Bangladesh Office]
Aiming to facilitate transactional services by Authorized Dealers (ADs) to their merchanting traders’ customers, The Bangladesh Bank published some guideline. According to the circular,...
Department of Foreign Exchange Policy (FEPD) of Bangladesh Bank Circular No. 25, On “Maintaining Correspondent Accounts in Chinese Yuan Renminbi (CNY)” dated 15 September 2022.
[From our Bangladesh Office]
Aiming to widen the scope for banks, Bangladesh Bank published a circular to settle cross-border payment in yuan. Previously, the authorized dealers could maintain...
Sub-Decree No.196 ANKr.BK dated 28 September 2022 issued by the Royal Government of Cambodia on “New Annual Tax on Income and Monthly Tax on Salary Thresholds”
[From our Cambodia Office]
The Sub-Decree specifies new Tax on Income (“TOI”) thresholds for the taxable income earned by physical persons, sole proprietorships, and the distributive share of...
OUR UPCOMING EVENTS
not yetNew Opportunities for Renewable Energy And Grid Reinforcement in Cambodia
29 November 2022, Physical and Online Event
RECENT VDB LOI WORK
Solar power project in Bangladesh: VDB Loi has been engaged by an independent solar power producer for its solar power project in Bangladesh.
M&A services in Myanmar: The Myanmar team is conducting a comprehensive legal and tax due diligence for a leading Singapore-based investment holding company for the potential acquisition of an e-commerce business in Myanmar.
Cross-border financing in Vietnam: The VDB Loi team is working with a leading law firm as local counsel, assisting a large Asian bank in its financing to a Vietnamese bank.
Employment and tax matters in the Lao PDR: VDB Loi Laos advised a global international NGO on the legal and regulatory framework of its work in the Lao PDR, particularly with respect to employment and tax matters.
Green bond issuance in Cambodia: VDB Loi Cambodia is providing start-to-finish legal services for the private issuance of green bonds to selected investors in Cambodia by an issuer in the solar power industry, the first deal of its kind in the country.
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