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Aug 24, 2015

Annual reporting for concession businesses in Lao PDR


By Raymond Alikpala

We would like to draw your attention to the recent Official Announcement of the Investment Promotion Department (IPD) of the Ministry of Planning and Investment No. 213/MPI.IPD, dated 10 August 2015, stating that all concession businesses operating in Lao PDR need to submit an annual progress report to the IPD and the provincial Department of Investment Promotion. 

The report must be submitted using the correct updated annual progress reporting template by every foreign and domestic investor involved in any concession business, covering the period from the beginning of the project until the end of 2014. 

The report must be submitted no later than 15 September 2015. Failure to submit a progress report will be considered as failure to comply with legal reporting requirements and could be met with punitive action. 

Should you have any questions or require further assistance, please contact the Manager of our Lao office, Mr. Raymond Alikpala. 

 
Sciaroni & Associates is a leading professional services and investment advisory firm doing business in Southeast Asia based in  Cambodia with legal offices in  Laos and Myanmar. Sciaroni & Associates assists clients in understanding the complex business conditions in those markets while efficiently identifying and resolving issues following strict international ethical standards.  Our firm provides experienced advice and seasoned business insights to many of the world’s leading companies, governments, economic think tanks, global development funds and international NGOs. 

For more information please visit www.sa-asia.com or contact us at info@sa-asia.com.


 
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Sciaroni & Associates is a leading professional and investment advisory firm doing business in Southeast Asia since 1993. Based in Cambodia with legal offices in Laos and Myanmar, we provide experienced advice and business insights to many of the world’s leading companies, governments, economic think tanks, global development funds, international NGOs and the Royal Government of Cambodia in accordance with strict international standards.
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Street Address: No. 24, Street 462, Sangkat Tonle BassacKhan Chamkarmon, Phnom Penh, Cambodia
Mailing Address: P.O. Box 1153 Phnom Penh Cambodia
Telephone: +855 23 210 225 Facsimilie: +855 23 213 089 Email: info@sa-asia.com