INSIGHTS THIS MONTH
HIGHLIGHT OF THIS MONTH
VDB Loi Myanmar Wins the 2019 IFLR Most Innovative National Firm of the Year Award
Yangon, Myanmar (March 2019) – International Financial Law Review (IFLR) has announced the winners of the annual IFLR Asia-Pacific Awards. VDB Loi received the Most Innovative National Firm (Myanmar)...
IN THIS ISSUE
10 Frequently Asked Questions About the Myanmar Trademark Law 2019
[From our Telecommunication, Media and Technology Team]
Highlights of this note What kind of mark is registrable? Does the trademark law adopt a “first-to-file” or “first-to-use” system? Can I claim priority...
Second chance to re-register your company before being struck off the registry
[From our Regulatory Team]
According to the recent Directorate of Investment and Company Administration (“DICA”) announcement issued on 8th March 2019, companies who missed the 31 January deadline now...
Enactment of Specific Goods Tax regulations: more compliance requirements for producers?
[From our Taxation 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...
Cambodia Tax Alert: Additional Incentive for Qualified Investment Project
[From our Cambodia Office]
As seen recently, the Royal Government of Cambodia (“RGC”) has been making a number of improvements in the investment regime in order to attract...
Cambodia Legal Alert: Deadline Fast Approaching for Work Permit Renewals
[From our Cambodia Office]
As you may be aware, according to the applicable regulations, employers of foreign employees are required to ensure that they obtain a work permit...
OUR UPCOMING EVENTS
Myanmar: Year-end Tax Workshop
9 March 2019, Yangon
Chin State Investment and Product Fair
16 March 2019, Yangon
CLMV (Cambodia, Laos, Myanmar and Vietnam) Projects and Finance Update
19 June 2019, Tokyo
RECENT VDB LOI WORK
VDB Loi was chosen by a leading travel and tour company to assist with its legal and tax compliance in preparation for an incoming offshore investment.
The Banking and Finance Team worked on a project related to the preparation of a template loan document for the issuance of subordinated debt. This follows a very recent issuance of a new CBM Subordinated Debt Directive No. (3/2019) dated 24 January 2019, which provides for detailed requirements for subordinated debt that can be included into supplementary capital or Tier 2 capital of a Myanmar bank.
Our firm’s expert tax consultants were chosen by one of Myanmar’s largest public companies this month. The team provided a review of the company’s accounting systems, compliance and tax obligations, as well as advice on restructuring.
Our Banking and Finance team continued to support the local microfinance industry in February, assisting with loans from two of Myanmar’s largest banks and several other offshore loans from development banks.
NEW MYANMAR LAWS AND REGULATIONS THIS MONTH
Newly enacted for the protection of Patents rights
Upgrading the old law of Protection and preservation of Cultural Heritage regions law and repealed the old law enacted in 1998
Newly enacted and replaced the old one of 2014
Newly enacted for the safety and the good health condition on different employment sectors
VDB LOI NEWS
VDB Loi’s support for Chin State investment
VDB Loi co-organized the Chin State Investment Forum this month at the Myanmar Convention Center in Yangon. Myanmar’s Vice President U Myint Swe opened the event, and was joined...
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