INSIGHTS THIS MONTH
HIGHLIGHT OF THIS MONTH
Cambodia Poised to Clarify Profit Attribution and Transfer Pricing of Cross Border Shipping Income
The determination and taxation of the Cambodian sourced income of international shipping liners has long posed problems in this dynamic Southeast Asian country. As a longstanding manufacturing hub, imports...
IN THIS ISSUE
New Sub-Decree on Value Added Tax in Cambodia
[From our Cambodia Office]
The promulgation of Sub-Decree 49 ANKr. BK (referred to as the “New Sub-Decree”) on Value Added Tax (“VAT”) marks a positive update to the...
The Ministry of Land Management, Urban Planning and Construction Officially Launches Online Public Services
[From our Cambodia Office]
On 9 April 2024, the Ministry of Land Management, Urban Planning and Construction (“MLMUPC”) officially rolled out its new digital public services, aimed at...
The New 10% Value Added Tax Rate is Going to Be Effective Shortly! Are You Ready for It?
[From our Laos Office]
The Ministry of Finance issued Notice No. 1360/MOF dated 23 April 2024 stating that effective from 1 May 2024, the 10% value added tax...
FDA’s New Order on Vegetable Oil as Blended Oil
[From our Myanmar Office]
On 29 March 2024, the Food and Drug Board of Authority (“FDA”) issued Order No. 2/2024 addressing the production, storage, transportation, distribution, and sale...
Internal or External Comparables? Some Comparative Notes on Vietnam Decree 132 and the OECD Transfer Pricing Guidelines
[From our Vietnam Office]
When a taxpayer has engaged in similar transactions with both related and unrelated parties, the use of the price or profit margin of the...
Bangladesh Bank Announces Interest Rate Adjustments for SREUP Pre-Finance Facilities
[From our Bangladesh Office]
The Bangladesh Bank has adjusted the interest rates for pre-finance facilities within the framework of the support safety retrofits and environmental upgrades program (“SREUP”)....
Regulatory Directive Impacts Industrial Establishment Access to Utilities and Financial Support
[From our Bangladesh Office]
The circular states that industrial establishments planned outside designated economic or industrial zones will not receive electricity and gas connections. Furthermore, non-bank financial institutions...
Stimulating Foreign Currency Reserves: Tax Breaks for Offshore Banking in Bangladesh
[From our Bangladesh Office]
In an effort to enhance the foreign currency reserves of the country, the government’s revenue board has decided to exempt from tax any interest...
OUR UPCOMING EVENTS
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RECENT VDB LOI WORK
Local law advisory for a multinational chain franchisee in Bangladesh: VDB Loi is advising a franchisee of a multinational restaurant chain on all local law issues, including permitting, licensing, and regulatory issues.
Bidding for tourist port in Cambodia under a PPP: VDB Loi has been engaged to assist with the bidding process for a major tourist port project in Cambodia organized under a public-private partnership.
Assistance with a telco tower project in the Lao PDR: A leading regional telecommunications company has engaged the Lao team to provide support to the project company executing its telco tower project in the country, including negotiating with the government authorities, and drafting corporate and project documentation and agreements.
Legal and regulatory advice on a power project in Myanmar: VDB Loi is assisting in connection with a large-scale power project in Myanmar, including company establishment, licensing, contract review, and legal and tax advice.
Acquisition of a greenfield wind development project in Vietnam: The Vietnam team is advising the buyer, a large international renewables developer, on all aspects of the acquisition, including structuring, regulatory aspects, and land aspects.
Archive
- 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 - 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