INSIGHTS THIS MONTH
HIGHLIGHT OF THIS MONTH
Vietnam: Updates on Latest Developments in Energy Market Regulations (in Charts)
A reference guide to the latest updates in the energy market regulations in Vietnam, including sources of tariff regulation, PPA templates, energy price calculation formulas and lists of approved...
IN THIS ISSUE
More Tax Audit Cases Headed to the GDT’s Litigation Department
[From our Cambodia Office]
Introduction In an attempt to break the logjam of outstanding tax audit disputes, the General Department of Taxation (“GDT”) in Cambodia has been actively...
30 Days Left for Penalty-free Self-correction of Tax Returns
[From our Cambodia Office]
The deadline for voluntary self-correction of tax returns is fast approaching, with only 30 days left for taxpayers to rectify their past tax returns...
Reopening of the Registration of Import-export Activities
[From our Laos Office]
On 14 March 2024, the Ministry of Industry and Commerce issued notice no. 0609/ICC to resume the registration of operators who import and export...
Myanmar Tightens the Control of Food Production
[From our Myanmar Office]
People tend to ignore the importance of complying with food laws and often sell food without FDA licenses in Myanmar. Efforts have been made...
Currency for Tax Payment Under the 2024 Union Tax Law
[From our Myanmar Office]
The 2024 Union Tax Law (the “2024 UTL”) was enacted on 29 March 2024 by the State Administration Council. It applies to financial year...
New Compliance Guidelines for Foreign Exchange Transactions in the Aviation and Shipping Sectors Effective January 2024
[From our Bangladesh Office]
The circular addresses foreign exchange transactions and gives new instructions for foreign airlines and shipping companies. Foreign and non-IATA airlines now need to submit...
Bangladesh Bank Adopts Crawling Peg System for US Dollar Exchange Rate
[From our Bangladesh Office]
The Bangladesh Bank has implemented a crawling peg exchange rate system, which allows for adjustments within a specified range for a currency with a...
Bangladesh Bank Mandates Alternative Dispute Resolution for Non-Performing Loan Recovery to Strengthen Dispute Resolution in Banking
[From our Bangladesh Office]
The Bangladesh Bank has directed all banks to use ADR mechanisms to recover a minimum of 1.0 percent of their respective non-performing loans by...
Invitation for PPP Project: Development of Naf Tourism Park in Cox’s Bazar, Bangladesh
[From our Bangladesh Office]
The Bangladesh Economic Zones Authority (BEZA) is establishing a state-of-the-art tourism park in Teknaf Upazilla of Cox’s Bazar District, which is known as the...
OUR UPCOMING EVENTS
ទិដ្ឋភាពជាក់ស្ដែងនៃប្រតិបត្តិការផ្ទេរថ្លៃរវាងបុគ្គលទាក់ទិនក្នុងប្រទេសកម្ពុជា
12 June 2024, VDB Loi Cambodia Office
The Signboard / Advertisements Tax: Update and Deep Dive on the New Prakas
5 September 2024, Phnom Penh
RECENT VDB LOI WORK
Support to a global agricultural merchant and processor in Bangladesh: The Bangladesh team advised and assisted a global agricultural merchant and processor on its entity establishment in Bangladesh, and is continuing to advise on local law matters.
Successful corporate bond issuance on the Cambodian Stock Exchange: VDB Loi advised on a successful corporate bond issuance on the Cambodian Stock Exchange for the multilateral financial institution that was guaranteeing the bonds.
Advisory on a complex cross-border transaction in the Lao PDR: VDB Loi was engaged as lead counsel by a regional green energy supplier to advise and assist on a contemplated cross-border transaction, including conducting legal due diligence, assisting with remediation of several critical issues identified, and drafting transaction agreements.
Successful defense of an international real estate developer in Myanmar: The Myanmar team successfully defended an international real estate developer in a contractual dispute, including before the Supreme Court, ultimately securing dismissal of the plaintiff’s applications.
Rooftop solar acquisition in Vietnam: As local counsel, VDB Loi is supporting the buyer, a leading Asian energy holding group, with conducting legal and tax due diligence, handling regulatory filings and approvals, and negotiating complex acquisition documentation for a rooftop solar acquisition in the country.
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