Legal and Tax Updates

Contributed by Ocampo & Suralvo Law Offices The Energy Efficiency and Conservation Act  requires and incentivizes the use of energy efficient systems and promotes the use of renewable energy technologies. The law imposes additional regulatory burdens on the real estate, construction, consumer electronics, transportation and related industries. If you are in the business of selling...

Recently, the Ministry of Planning and Investment of Vietnam published a draft Law on Public-Private Partnerships (the “Draft PPP Law”). The Draft PPP Law is expected to be submitted to the Government during the 8th Session of Legislature XIV for consideration, with potential passage during the 9th Session of Legislature XIV. The current public-private partnership...

Our Tax Team wishes to remind you of the fast-approaching deadline for submission of your annual Corporate Income Tax (“CIT”) return, annual Commercial Tax (“CT”) return, and annual Personal Income Tax (“PIT”) Salary Statement. For Myanmar taxpayers who follow the financial year ending 31 March 2019 (“FY 18-19”), all annual tax returns must be submitted...

In the most recent development in wholesale and retail, the Ministry of Commerce (“MoC”) issued Notification No. 23/2019 (“Notification”) in relation to the registration of companies involved in importing and trading the following commodities: Chemical Fertilizers, Seeds, Insecticides, Medical Instruments, Construction Materials and Agricultural Machinery (“Commodities”). In relation to wholesale and retail activities in Myanmar,...

The Myanmar Internal Revenue Department (“IRD”) recently issued a Letter confirming changes to the tax year of reporting for cooperatives and private enterprises that will take effect from 1 October 2019. This announcement brings the financial year into line with the State’s new budget year as mentioned in the 2018-2019 Union Taxation Law. Previously, only...

Following several discussions on significant changes being proposed in Myanmar in relation to the gambling landscape, the Pyidaungsu Hluttaw (Myanmar parliament) finally enacted The Gambling Law (“GL”) on 7 May 2019. The enactment of the GL heralds positive news for investors looking to invest in the “casino” business as the legal avenues for operating such...

Following the issuance of Prakas 442 on the Payment of Wages dated 21 September 2018 and Prakas 443 on Seniority Payments dated 21 September 2018, the Ministry of Labour and Vocational Training (“MLVT”) issued official Guidelines 044/19 on the Implementation of Prakas 442 and 443 for Personnel of Foreign Missions, Agencies of the United Nations...

On 28 April 2019, the Ministry of Labour – Invalids and Social Affairs published a draft law amendment to the Labour Code (the “Draft Amended Labour Code”). A considerably substantive amendment, this Draft Amended Labour Code is comprised of 17 chapters and 221 articles. This amendment will be officially submitted to the National Assembly at...

On 12 April 2019, the Ministry of Industry and Trade of Vietnam (the “MOIT”) released a new draft Decision (the “Draft Decision 3”) that will replace Decision No. 11/2017/QD-TTg issued by the Prime Minister of Vietnam dated 11 April 2017 (“Decision 11”) on mechanisms to encourage the development of solar power projects in Vietnam. Introducing...

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, tailored, and practical advice on issues that arise in...