Legal and Tax Updates

Hot on the heels of our other two series which dealt with aviation and restructuring & insolvency, DFDL is proud to unveil the next Q&A series, this time on Real Estate and Banking & Finance issues throughout Southeast and South Asia. The first edition will focus on Myanmar. This Q&A edition takes into consideration the...

DFDL’s Employment Practice is dedicated to advising clients on employment and labor issues throughout Southeast and South Asia and preparing human resources documentation that is fully compliant with local laws. Our employment team’s in-depth knowledge of the local laws, practices and customs in the countries where we operate allows us to provide specialized, tailored and...

Following our recent update on the soft opening phase of trademark re-registration along with additional clarifications on the soft opening process, we would like to inform our readers that the trademark re-registration process successfully began on 1 October 2020. The re-registration process is completely online-based and involves filling up a form and uploading relevant documentary...

On 30 September 2020, the Royal Government of Cambodia (“RGC”) issued a press release and rolled out ‘Round 6’ of measures aimed at mitigating the impacts of COVID-19 on businesses and workers in Cambodia. These represent a combination of new and existing measures (that have been extended). In addition to providing relief to businesses and...

The Ministry of Labour and Vocational Training (“MLVT”) issued Prakas No. 303 on the Determination of Minimum Wage for Employees in Textile, Garment and Footwear Sectors, dated 10 September 2020 (“Prakas 303”), to set new minimum wage for 2021. Under Prakas 303, effective 1 January 2021, workers in the textile, garment and footwear sector will...

Republic Act No. 11494 or the Bayanihan to Recover as One Act became effective on 15 September 2020. Under Section 4(eee) of this law, “all mergers and acquisitions with transaction values below Fifty Billion Pesos (P50,000,000,000.00) shall be exempt from compulsory notification under Section 17 of Republic Act No. 10667 or the ‘Philippine Competition Act’...

Following our recent update on the due date of 30 September 2020 for the declaration and payment of the 2020 Immovable Property Tax (“TOIP“) and Unused Land Tax we would like to inform our readers that on the 25th of September 2020 the General Department of Taxation (“GDT“) issued Notification 22259 which has provided an extension...

We would like to take this opportunity to remind our readers that the immovable property tax (“TOIP“) and Unused Land Tax deadline for 2020 is next Wednesday the 30th of September 2020. The 2020 TOIP and Unused Land Tax payment can be made at any tax branch or any branch of Canadia, Acleda, Vattanac or...

By way of notice, please note that the window to apply for the 2021 foreign employee quota is open as of September 2020 until the end of November 2020. Enterprises employing or intending to employ foreign employees in 2021 are required to apply for a foreign employee quota from the Ministry of Labour and Vocational...

On 12 September 2020, the Department of Trade and Industry (“DTI”) and the Department of Labor and Employment (“DOLE”) issued Advisory No. 20-02, Series of 2020 (“Advisory No. 20-02”), which contained clarifications related to the DTI-DOLE Joint Memorandum Circular No. 2020-04-A. The latter was issued to provide supplemental guidelines on the prevention and control of...