Legal and Tax Updates

The COVID-19 global pandemic continues to cause unprecedented and unpredictable impacts on businesses in Cambodia and the general economy. In response, the Cambodian Government and the National Bank of Cambodia (“NBC”) recently announced measures to relieve the burden on banks, micro-finance institutions (“MFIs”) and affected borrowers. In this alert, DFDL outlines a summary of the...

This publication is part of our series focusing on workforce management in consideration of the COVID-19 outbreak in Southeast Asian countries. The Prime Minister Nguyen Xuan Phuc issued Decision No. 447/QD-TTg dated 1 April 2020 (“Decision”) whereby COVID-19 was announced as a national epidemic in Vietnam. This COVID-19 outbreak later declared a global pandemic by...

To mitigate and assist businesses that are affected by the COVID-19 outbreak, the Prime Minister has issued Decision No, 31/PM, dated 2 April 2020) on Policies and Measures to Mitigate Impact from COVID-19 to the Lao Economy. The Decision provides for policies, measures and instructions for implementation.   We provide below a brief summary of the key take...

Questions and uncertainty related to the impacts of the COVID-19 global pandemic on construction contracts in Cambodia have been the subject of great interest and concern by real estate developers and construction companies since the beginning of this outbreak. Parties to construction contracts are now carefully analyzing whether this situation can be considered a force...

As the COVID-19 pandemic and related decrease in international travel throw the worldwide aviation industry into disarray, an increasing number of businesses in the aviation supply chain are struggling to meet their contractual obligations. As an obvious consequence, many lawyers are looking at force majeure clauses as a last resort to relieve their clients of...

The outbreak of the novel corona virus (“COVID-19”) has affected everyday life and business. With the drop in importation of raw materials and imposition of travel restrictions, numerous businesses in Myanmar are facing an economic slowdown across all sectors. In order to restore such businesses and provide measures of economic relaxation, the Myanmar Government is...

On 27 March 2020, the Ministry of Finance enacted Ministerial Regulation No. 361 (the “Ministerial Regulation”) that is issued under the Thai Revenue Code and provides for withholding tax relief in addition to previous COVID-19 Relief Measures. As far as relief measures for affected businesses are concerned, the Ministerial Regulation provides that the withholding tax...

With the continuous rise in the number of cases for the novel coronavirus disease (“COVID-19”), which was declared a global pandemic by the World Health Organization (“WHO”) employers may have to deploy special arrangements concerning health and safety. Myanmar has reported 15 cases to date, and the number is set to rise as Myanmar hits...

On 31 March, the Royal Government of Cambodia issued a press release outlining their additional measures to support the private sector and employees who are impacted by the COVID-19 epidemic. These measures are in addition to those issued in recent weeks by the Government to provide tax relief to affected sectors. We outline the additional...

The rapid outbreak of the novel Coronavirus (COVID-19) has already caused a slowdown in the overall global economy. Governments around the world are acting decisively to protect their businesses and individuals from the economic disruption being caused by the on-going pandemic. Whether through tax cuts, investment incentives or changes to filing deadlines, tax systems will...