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Vietnam: Amendment of Law on Electricity
On 13 September 2024, the Ministry of Industry and Trade held a meeting to discuss the latest draft amendment of the Law on Electricity No. 28/2004/QH11, amended in 2012 and 2022 (the “Amended LOE”),...
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Vietnam: Potential Upgrade of Legal Framework on Personal Data Protection
After much speculation and planning by the Government, the Draft Law on Personal Data Protection in Vietnam was officially published for public consultation on 24 September 2024 (the “Draft Law”). The...
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Transfer Pricing Thresholds in Southeast Asia
Transfer Pricing (TP) has become a key focus for tax authorities in Southeast Asia (SEA) in today’s interconnected global economy. Many SEA countries have implemented TP regulations and thresholds to...
View ArticleDFDL honoured by multiple awards at asialaw and Managing IP Asia Awards 2024
We are delighted for the recent awards at the first joint asialaw Awards 2024 and Managing IP Asia-Pacific Awards 2024 ceremony, where we were honoured with several esteemed recognitions....
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Thailand’s Emergence as a Location for Holding and Financing Activities and...
This article explores Thailand’s role as a hub for holding, financing, and management activities, focusing on its tax and transfer pricing framework. Key topics include: Thai Holding Company Regime...
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DFDL Cambodia Legal Alert: Trial Launch of Four Public Services via MLMUPC’s...
To align with the Royal Government of Cambodia’s first phase of the Pentagon Strategy for Economic Development and Digitalization and the broader goals outlined in the Cambodia Digital Government...
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Vietnam MOIT decision on Tariffs for Power Imported from Laos
In Brief On 8 October 2024 the Ministry of Industry and Trade issued Decision No. 2647/QD-BCT (“Decision 2647”) with immediate effect. Decision 2647 prescribes the price tariff ceiling for electricity...
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Real Estate Tax Incentives Clarified and Extended
Key Takeaways: Instruction 014 MEF.N, Prakas 576, and Prakas 573 issued in September and October 2024 clarify the implementation, incentives and exemptions for Tax on Immovable Property, Unused Land...
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Thailand: Draft Climate Change Act
The draft Climate Change Act (“Draft Act“), enacted by the Department of Climate Change and Environment (“DCCA“) under the Ministry of Natural Resources and Environment, is currently in the...
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Thailand: First Administrative Fine for PDPA Violation
The Office of the Personal Data Protection Committee (PDPC) has issued an order on 31 July 2024 requiring a private e-commerce company to strictly comply with the Personal Data Protection Act B.E....
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Thailand: Significant Fine on Soil Pollution
According to a reputable news media in Thailand, a company operating business wholesale of waste and scrap and materials for recycling, has involved in the improper handling of industrial waste...
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Thailand: New Draft Amendment of Anti-Money Laundering Act B.E. 2542 (1999)
As certain provisions of the AMLA still does not fully comply with the international standards set by Financial Action Task Force (“FATF”) and some provisions of AMLA are no longer aligned with...
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Cambodia: New Transfer Pricing Prakas Explained
Key Takeaways: Prakas 574 dated 19 September 2024 relaxes the previous transfer pricing documentation (TPD) requirements under Prakas 986 in addition to providing new definitions and procedures....
View ArticleMyanmar: New Patent Service Fees in Myanmar
The State Administration Council (“SAC“) issued the Myanmar Patent Law and accompanying Rules in 2024, marking a significant development in the country’s intellectual property landscape. For a...
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Essential Updates for CFOs: Evolving Tax and Economic Landscape in Southeast...
With new tax developments and reforms affecting businesses in Cambodia, Laos, Myanmar, Thailand, and Vietnam (CLMVT), how can senior executives navigate these changes and successfully implement their...
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Investing in the Philippines: Practical Legal Pathways and Strategic...
As part of DFDL’s 30th anniversary celebrations, we invite you to an exclusive seminar focusing on the promising investment and legal landscape in the Philippines.Register Why Attend?The Philippines...
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Vietnam: More Favorable Conditions for Foreign Investors in the Vietnamese...
The State Bank of Vietnam (SBV) has recently released a draft Circular outlining proposed regulations for the opening and use of Vietnam Dong bank accounts by foreign investors engaging in indirect...
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Over 170 Infrastructure Projects in the Philippine Government’s PPP...
The PPP Center of the Philippines disclosed that a total of one hundred seventy-three (173) infrastructure projects with a total cost of Php 3.17 trillion (˜USD 56 billion), are and will be procured...
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DFDL Cambodia Officially Launched the 2025 Guide to Cambodia Customs
On November 22, DFDL officially announced the release of the DFDL Customs Guide 2025. This comprehensive resource is tailored to help businesses navigate Cambodia’s dynamic trade and customs landscape...
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Indonesia: Beware of New Environmental Fines!
The Minister of Environment and Forestry has introduced Regulation No. 14 of 2024 (MOEF 14/2024) on Supervision and Administrative Sanctions in the Environmental Sector. This new regulation brings...
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