PAYROLL SERVICES
www.VDB-Loi.com
Page 2
OUR SERVICES INCLUDE:
We will provide monthly payroll processing services in accordance with Myanmar
statutory requirements for each employee including the following:
Calculation of monthly salary payments
Preparation of monthly E-pay slips to all employees
Preparation, calculation and payment of Social Security Contribution to
the Social Security Board
Assistance in compliance with the local statutory requirements related to
personal income tax and social security law, and
Advice on tax and labour law issues
ABOUT US
VDB Loi, in collaboration with Microimage HCM Asia has developed a customized
payroll system that is in compliance with Myanmar tax laws. It provides the most
advanced features to handle complex payroll operations.
This system is designed to simulate the expert HR reasoning ability of decision
makers by facilitating them to draw conclusions from reliable, accurate, analytical
facts and figures to enhance their decision making capability. This will foster
employee contribution to the organization and solve people related problems by
facilitating decentralization of HR to line management and employees themselves.
Furthermore, the product offers business benefits such as the distribution
of information to line managers, streamlining the entire human resource
administration function, aligning employee’s towards the company’s goals and
objectives, driving performance and providing integrated business intelligence
and greater HR service delivery using multi channel ESS (employee self service).
The product consists of 14 HCM core modules including payroll administration to
cover the entire HR process ranging from recruitment to retirement. The modules
include Employee Profile Management, Employee Dynamics, Recruitment,
Organization Planning and Development, Training and Development,
Performance Management, Benefits Administration, Time & Attendance, Multi
channel Employee Self Service and HCM Business Intelligence, to name a few.
With the increasing demand on data sensitivity, protection and accuracy, payroll
services are mostly being outsourced. Our devoted team of professionals provides
seamless payroll services by using the latest technology in payroll processing
coupled with up-to-date knowledge of applicable laws, regulations and practices
in Myanmar. Our customized software has robust formula handling and an
extensive component plug-in feature which will surely capture the accuracy of
salary, personal income tax calculation and social security contribution reporting.
PAYROLL PLAYS A
VITAL FUNCTION
FOR EVERY
ORGANIZATION
KEEPING UP WITH
THE UPDATES ON
APPLICABLE LAWS
IS NO EASY TASK TO
IMPLEMENT
“
“
VDB LOI ASSURES
A TIMELY AND
ACCURACY
OF PAYROLL
PROCESSING
“
PAYROLL ADMINISTRATION
Feature Highlights
Advance formula building and total control over defining salary
and other payroll related computations
Ability to handle centralized, multi-company payroll administration
Fulfils Myanmar specific statutory requirements with easy to
manage system plug-ins architecture to handle centralized multi
country payroll administrations
Ability to handle multi-currency payments
Advance built-in system integration tools and features
User friendly transaction maintenance and easy integration with
Microsoft Excel spreadsheets
User defined custom reports
Comprehensive user management / security with systems audit
trails
Advance data entry / processing validations and reconciliation
reports
Highly optimized payroll processing to manage large workforce
Integrated system alerts and notifications
“
Employee Profile Search By + + + +Home | Sign out
Welcome User
Total Active Profile(s): xxxx Number or Name Like
00000001 - John Smith
Filter Employees Using
Personal Information Identification information First Name (*) Surname Known Name Full Name (*) Middle Name Gender (*) Title (*) Marital Status (*) Blood Group Date of Birth (*) Place of Birth Expatriate Employee Disabled Old IC Number Passport Number Driving License Number
New IC Number (*) Passport Expiry Date Driving License expiry date Profile Completion (55%)
Qualifications Skills Accomplishments Membership Extra Curricular Activity Health Competency Timeline Beneficiary Details Payroll Entitlement Statutory Details History Bank Insurance Letters Visa Item Issues Preferences Systems Personal Work Contact Family Spouse Children Relatives Work Experience
John Smith
05/01/1965
01/02/1996 26/03/2015
Age As at Today: 50 Years
Male Female Yes No [Hide Details] [Hide Details] .... Select One ... Married .... Select One ... 00000001 + + + + Setup User Administration Profiles Payroll Payroll Setup Setup Payroll Periods Attendance Item Setup Loan Type Setup Transaction Type Setup Transaction Code Setup
Scheme Item Code Scheme Entry Annual PIT Setup Tasks Scheme Allocation Attandance Entry Increment Upload Loan/Advance Entry Import Transaction Enter Transaction Process Payments Manage Unlock Payroll Individual Summary + + + + Add picture
www.VDB-Loi.com
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OUR OFFICES
YANGON
Level 8, Centrepoint Towers,
No. 65 Sule Pagoda Road &
Merchant Street,
Kyauktada Township
NAY PYI TAW
No. S-204, Tha Pyay Kone Ward,
Zabu Thiri Township,
On Yaza Thingaha Road, driving from Junction Mall to the Gem Museum, look for signage on the right directing you to our office
REQUEST A PROPOSAL
please contact:
Myint Myint Oo
Consultant [email protected]Ei Mon Khaing
Consultant [email protected]Ngwe Lin Myat Chit
Consultant
Bora Meng
Senior Accounting Manager [email protected]
Thida Cho Win
Managing Director [email protected]
Jean Loi
Managing Partner [email protected]Telephone: +95 137 1902 / +95 137 1635
Fax: +95 124 1238
PAYROLL TEAM
Thida is a qualified CPA with more than 15 years with a specialized audit and tax firm in Myanmar. She draws on her vast experience as an auditor and tax advisor serving Myanmar and international enterprises. She advises clients on corporate taxation, controversy, withholding taxes, commercial tax, compliance and investment issues. Her experience with international standard assurance makes her well-placed to advise clients in a wide range of business sectors on taxation, market entry, corporate establishment and investment licensing.
Thida Cho Win
Managing Director
Ei Mon holds a Bachelor’s in Physics from Dagon University as well as accounting certificates from the London Chamber of Commerce. She is currently pursuing her ACCA qualification and assists our international clients for tax compliance. Prior to joining VDB Loi, Ei Mon worked in the accounting and payroll department for Luther Corporate Services Limited, and before that she was an accountant officer for Thai Airways.
Myint Myint Oo assists our international clients for tax compliance. She holds a Diploma of Commerce from the Curtin University of Technology in Singapore. She speaks Burmese, Chinese and English.
Ei Mon Khaing
Consultant
Evelyn Myint Myin Oo
Consultant
Bora is an accounting professional with over 10 years of experience. He has a solid understanding of the regulations and practices in the region as well as of international standards. Bora specializes in providing accounting and compliance advice to local and international clients from a large range of industry sectors, including banking, telecommunications, manufacturing, food & beverage and hospitality.
Bora Meng
Senior Accounting Manager
Lin is a seasoned consultant with experience working overseas at global professional service firms. She holds Master degree in Finance from Umea University in Sweden and Bachelor’s in Commerce from the University of Newcastle. Lin advises clients on market entry and licensing. She has advised multinationals.
Ngwe Lin Myat Chit
Consultant
Jean Loi
Managing Partner
Jean, the Managing Partner of VDB Loi, is one of the region’s most experienced tax specialists with more than 12 years of experience in Indochina, Myanmar and Singapore. She has advised on a large number of project transactions and tax disputes in the specialties of structuring, power plant projects and oil & gas. She has particular expertise in projects related to the market entries of companies in the infrastructure, telecommunications and financial services industries in the region, as well as having extensive experience with supply chains.
Jean is accredited for Income Tax and GST Advisory by the Singapore Institute of Accredited Tax Professionals (SIATP). Jean is also a member of the Institute of Chartered Accountants of New Zealand. She graduated with a Bachelor’s of Commerce and has obtained a Master’s of Taxation from the University of Auckland, New Zealand.
