Legal and Tax Updates

This publication is part of our series focusing on workforce management in consideration of the COVID-19 outbreak in Southeast Asian countries. In those jurisdictions where there has been a consistent decrease in the number of new infections, companies now contemplate asking their employees to return to the company’s premises to perform their duties. Indeed, in...

The Department of Health (“DOH”) and the National Privacy Commission (“NPC”) issued Joint Memorandum Circular No. 2020-0002 providing for guidelines on the application of data protection and data privacy principles in the collection, processing, and disclosure of COVID- 19 data. This alert sets forth its salient features. Download the full alert now: Contact Atty. Karen...

Pursuant to Notification No. 1/2019 (“Trading Notification”) issued on 12 July 2019, the Securities and Exchange Commission permitted foreign companies, institutions or individuals (“Foreigners”) to trade in shares of the companies listed on the Yangon Stock Exchange (“YSX”). The Trading Notification while permitting foreigners to trade in listed companies stated that the YSX will separately...

As of 5 May 2020, the number of COVID-19 positive cases in Myanmar is 161 and 6 deaths have been reported. The number of patients who have recovered stands at 49. The Government has, as of now, locked down ten townships in Yangon, Myanmar. On 17 April 2020, the Yangon Regional Government also issued a...

The COVID-19 Inter-Agency Task Force for the Management of Emerging Infectious Diseases (“IATF“) provided guidelines on the conduct of activities in areas covered by the Enhaned Community Quarantine (“ECQ“) and those areas under General Community Quarantine (“GCQ“). This alert summarizes the guidelines. This alert also summarizes regulations imposed by the Department of Labor and Employment’s...

Ocampo & Suralvo Law Offices, the Philippine collaborating firm of DFDL, once again contributed to Linklaters’ Data Protected – Philippines, an overview of the data privacy law in the Philippines which includes updates on practice and enforcement of the law: https://www.linklaters.com/en/insights/data-protected/data-protected—philippines. Last updated March 2020 General | Data Protection Laws National Legislation General data protection...

PUBLIC INVESTMENT MANAGEMENT Management of Public Investment Projects, Sub-Decree 41 dated 25 March 2020 on Public Investment Management This Sub-Decree has been introduced by the Royal Government of Cambodia with the purpose of ensuring the effectiveness, efficiency, transparency, accountability and sustainability of the management of public investment projects across all levels of public administration and...

Following the press release on the instructions of the Royal Government of Cambodia on further measures to help the private sector and employees severely affected by Covid-19 (Round 2 and 3) and Instruction 045/20 issued by the Ministry of Labour and Vocational Training (“MLVT”) dated 17 April 2020, on the suspension of employment contracts and...

The Ministry of Finance has issued an additional Notification (No. 1061/MOF, dated 22 April 2020) providing taxpayers with an exemption from penalties for late filings and payments of taxes as follows: Exemptions from penalties of 0.1% of the tax due for each day of delay and the LAK 500,000 for late filings and payments of...

In February 2020, the European Council issued the results of a progress review of tax jurisdictions and their progress toward delivering on commitments regarding the signing and ratification of the Convention on Mutual Administrative Assistance (“MAC”). The purpose of the MAC is to provide for coordination amongst member states in the administration of tax assessment...