DFDL Announces Partner Promotions and Co-Head Appointment
DFDL is delighted to announce this mid-year’s partner promotions and nominations. These advancements reinforce our dedication to developing key individuals with significant potential to contribute to...
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Cambodia: Deadline Extension for Submission of 2023 Audited Annual Financial...
On 09th July 2024, ACAR issued a notification to provide an additional month to the 20 July 2024 deadline for the submission of annual audited financial statements for the 2023 financial year to ACAR...
View ArticleMyanmar: Overview of the Patent Law and Regulations in Myanmar
Myanmar has made significant strides in enhancing its intellectual property frame work with the introduction of the Patent Law in 2019, marking a major milestone. Enacted on 1 June 2024, by the State...
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Thailand Tax Update July 2024
DFDL Thailand Tax Update: On 4 June 2024, the Thai Cabinet approved a special measure providing corporations and individuals with a special tax deduction for certain expenses in secondary provinces....
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Joint Prakas 498 on the Penalty for Individuals Violating the Provisions of...
The Ministry of Labour and Vocational Training and the Ministry of Economy and Finance issued a Joint Prakas 498, which replaced the previous Joint Prakas 659 on Monetary Fines for Those Who Violate...
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Cambodia Tax Alert: Taxing the Informal Economy – Cambodia’s Aspirations for...
“There is nothing permanent except change.” – Heraclitus In October 2023 the newly elected Cambodia government launched the National Strategy for Informal Economic Development 2023-2028. At the...
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Cambodia Tax Alert: Special Tax Audit Unit
Sub-decree 160 issued by the Royal Government of Cambodia on the 16 of July 2024 establishes a Special Tax Audit Unit (“STAU”) which has a status equivalent to a department within the General...
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DFDL Simplified Checklist on Pillar 1 and Pillar 2 of the OECD
You may have heard about the Two-Pillar solution (“Pillar 1” and “Pillar 2“) designed to address the tax challenges from the digitisation of the economy, commonly known as BEPS 2.0. But what steps...
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Cambodia Gives more Clarifications on Registration of Private Units of...
Following the applicable regulations on management and use of co-owned buildings and due to the absence of specific regulations on registration of private units of co-owned buildings constructed...
View ArticleMyanmar: Understanding Myanmar’s Industrial Zone Regulations
Myanmar’s industrial sector is undergoing a transformation. The introduction of the Industrial Zone Law in 2020 and the subsequent Industrial Zone Rules in 2024 provide a robust legal framework for...
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Cambodia Moves Real Estate Service Licensing to Online Procedure
Following the implementation Prakas No. 064 on Real Estate Business Services Licensing issued on 27 December 2022 and its subsequent announcements in 2023, the Royal Government of Cambodia now moves a...
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Investment Climate in Indonesia and Malaysia: Legal and Tax Framework,...
As part of DFDL’s 30th anniversary celebrations, we’re excited to announce our 5th event, centering on investment opportunities in Indonesia and Malaysia, two of the most vibrant markets of Southeast...
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2024 Immovable Property Tax Deadline Reminder
On 31 July 2024 the General Department of Taxation (“GDT”) issued Notification 27199 reminding property owners of their annual obligations with respect to Tax on Immovable Property (“TOIP”). The...
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Benefits of Tax Compliance Certificates
The recent release in April 2024 by the General Department of Taxation (GDT) of the Standard Operating Procedures on Tax Audits (Tax SOP) and the creation in July 2024 of a Special Tax Audit Unit...
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Recent Regulations on Advertisements
PRAKAS ON UNFAIR PRACTICES IN BUSINESS RELATED TO ADVERTISEMENTS AND SALE PROMOTIONS Overview Prakas 095 on Unfair Practices in Business Related to Advertisements and Sale Promotions was issued on 12...
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Myanmar: New Wage Increase for Myanmar Workers
On 9 August 2024, the National Committee for Setting the Minimum Wage under the Government of the Republic of the Union of Myanmar issued a new notification (“Notification”), increasing wages for...
View ArticleDFDL Myanmar Contributed to the 13th Edition of ‘Global Legal Insights –...
DFDL Myanmar is honored to be part of the 13th edition of ‘Global Legal Insights – Litigation & Dispute Resolution 2024’, a prestigious publication by Global Legal Group. In this edition, Nishant...
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Kyaw Kyaw Han Elected to the Executive Committee of the Singapore-Myanmar...
DFDL congratulates Kyaw Kyaw Han, Legal Adviser at DFDL Myanmar, on his election as an Executive Committee (“Exco“) member of the Singapore Association of Myanmar (“SAM“) in Yangon. Founded in 1993,...
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The 7th edition of the Singapore Transfer Pricing Guidelines
On 10 June 2024, the Singapore Income Tax (Transfer Pricing Documentation) (Amendment) Rules 2024 became effective. Four days later, on June 14, 2024, the Inland Revenue Authority of Singapore (IRAS)...
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Cambodia: Prakas 044 on Rules and Guidelines for Reinsurance
The Insurance Regulator of Cambodia (“IRC“) issued Prakas No. 044 on Rules and Guidelines for Reinsurance (“Prakas 044“) dated July 12, 2024. Prakas 044 applies to general insurance companies, life...
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