On 18th June 2018, the Ministry of Planning and Finance (“MOPF”) issued the Notification No. 47/2018 to replace the Notification No. 51/2017 on Types and Rates of Withholding Tax (“WHT”) effective from 1st July 2018. The new rates of the WHT are as follows:- The minimum amount for deduction of the WHT has been changed… Read More
On 12th June 2018, the Myanmar Investment Commission (“MIC”) issued its Announcement on Submissions of Annual Performance Report by Companies Operating Businesses with MIC Permits and Endorsements (“Investors”) as follows:- 1. Each Investor must submit an Annual Performance Report to the MIC in a prescribed form within 3 months from the end of the fiscal… Read More
On 22nd June 2018, the Directorate of Investment and Company Administration (“DICA”) issued an announcement to require all existing companies and legal entities established under the Myanmar Companies Act 1914 and the Special Company Act 1950 to be re-registered with DICA through the Myanmar Companies Online (“MyCo”) system. MyCo system is a new online registration… Read More
The Myanmar Companies Law 2017 (“MCL”) was issued on 6th December 2017 to replace the Myanmar Companies Act 1914 but the President of Myanmar did not determine its commencement date until last month. On 21st June 2018, the Office of the President of the Republic of the Union of Myanmar issued Notification No. 48/2018 to… Read More
On 25th June 2018, the Department of Intellectual Property of Thailand (“DIP”) disclosed that during the period of 9 months from September 2017 to May 2018, the DIP has been working cooperatively with the Ministry of Digital Economy and Society (“MDES”) to suppress the dissemination and to remove some online IP-infringing contents under Section 20(3)… Read More
During 20-22 June 2018, the Judicial Colloquium on Civil and Criminal IP Infringement Cases was held in Bangkok, Thailand. The event was jointly organized by USPTO Global Intellectual Property Academy and the ASEAN Secretariat. On the first day of the forum, Kowit Somwaiya, Managing Partner and Founder of LawPlus Ltd., spoke on the topic of… Read More