Legal and Tax Updates

Regional Legal Update on Labor and Employment Law Issues DFDL’s Employment Practice Group is dedicated to advising clients on employment and labor issues and preparing human resources documentation that is compliant with local laws.  Our employment team’s in-depth knowledge of the law and practices in the countries where we operate allows us to provide specialized,...

The Ministry of Planning and Finance issued Notification 47/2018 on 18 June 2018 outlining the new withholding tax (“WHT”) rules that now apply on payments to resident and non-resident taxpayers in Myanmar. This Notification is effective from 1 July 2018 and will supersede the current WHT Notification 51/2017 that was issued last 22 May 2017....

Contributed by Ocampo & Suralvo Law Offices Republic Act (R.A.) No. 11032 or the “Ease of Doing Business and Efficient Government Service Delivery Act of 2018” Are bureaucratic woes and red-tape soon a thing of the past? The Philippines vows to fight red-tape, ease the conduct business transactions, and ensure efficient processes with an overhauled...

Vietnam amends its Legal Framework on Public Private Partnerships The Rationale for PPPs in Vietnam Improvements to Vietnam’s transportation network, electricity system, water supply network, irrigation systems, telecommunication infrastructure, education and healthcare systems have all been identified as key targets in the Government’s latest 5-year socio-economic development plan. According to estimates of Vietnam’s Ministry of...

CORPORATE & COMMERCIAL NATIONAL SOCIAL SECURITY FUND AMENDMENTS TO THE PROVISIONS REGARDING HEALTH CARE BENEFITS AND ENFORCEMENT OF LEGAL MEASURES ON LATE PAYMENTS TO THE NATIONAL SOCIAL SECURITY FUND, Prakas 184 on Amendments to Articles 2, 4, 5, 6, 7, 8 and 10 of Prakas 109 dated 17 March 2016 (“Prakas 109”) of the National...

Our Tax Team would like to remind you of the fast-approaching submission deadline for your annual Corporate Income Tax (“CIT”) return, annual Commercial Tax (“CT”) return, and annual Personal Income Tax (“PIT”) statement. For the financial year ending 31 March 2018 (FY 17-18), all annual tax filings must be submitted to the relevant tax office...

According to the Notification from the Office of the Council of ministers (Sor.Chor.Nor No.528) dated 7 May 2018, the Royal Government of Cambodia approved the change of format of the certificate of ownership over immovable property. The old form of certificate as previously issued to owners remains valid without them having to change to the...

The Prime Minister’s Office has issued a Notification (№ 560/PMO, 20 April 2018) (“Notification 560”) increasing the monthly minimum wage in Lao PDR from 900,000 LAK (USD 108) to 1.1 million LAK (USD 132). The increase took effect 1 May 2018, thereby coinciding with International Labor Day celebrations. Per local media and understanding of the...

The National Committee for setting the Minimum Wage issued Notification 2/2018 establishing an increased daily minimum wage of MMK 4,800 (approximately USD 3.60), for an eight-hour workday.  The increased minimum wage does not apply to small businesses with less than 10 workers and family businesses.   Notification 2/2018 replaces Notification 2/2015 which establish the last...

The Emergency Decree on the Digital Asset Businesses B.E. 2561 (2018) (the “EDDAB”) was published in the Government Gazette on 13 May 2018 with effect from 14 May 2018. Simultaneously, the Thai Government enacted the Emergency Decree on the Amendment to the Revenue Code B.E. 2561 (2018) with the objective of imposing levies on income...