On 10th January 2017, the Internal Revenue Department (“IRD”) of the Ministry of Planning and Finance (“MPF”) announced the Notification No. 2/2017 to reduce the withholding tax rates for payments in Myanmar and abroad and replace the Notification No. 41/2010 and the Notification No. 167/2011 of the IRD. The new WHT rates will become effective… Read More
On 24th October 2016, the President Office of the Republic of the Union of Myanmar announced the formation of the Private Sector Development Committee (the “Committee”) pursuant to the Notification No. 79/2016 in order to implement the Private Sector Development Framework of the Private Sector Development Committee (the “Framework”) effectively. The Committee consists of 18… Read More
On 13th February 2017, the Act on National Competitive Enhancement for Targeted Industries B.E. 2560 (A.D. 2017) was published in the Royal Gazette (the “Act”), coming into force on and from 14th February 2017. The Act aims at promoting investment that is in line with Thailand 4.0 and the National Agenda on investment of new… Read More
On 15th February 2017, the APAA Recognized Group of Thailand (the “APAA RGT”) held a seminar on “How to Enforce Loan Agreements with Intellectual Property as Collateral” at Crowne Plaza Bangkok Lumpini Park Hotel. The seminar began with an opening remark by Mr. Rutorn Nopakun, the President of the APAA RGT, focussing on the asset… Read More
On 26th January 2017, the Department of Intellectual Property (“DIP”) finally released the 20-Year IP Roadmap to reform the Thai intellectual property system to be in line with the strategy of driving the country to “Thailand 4.0”, which focuses on an economy based on innovation and intelligence. The roadmap would enhance the competitiveness of Thai… Read More
Thailand has finally enacted the Act on Digital Development for Economy and Society B.E. 2560 (A.D. 2017) (“Digital Development Act”). It was published in the Royal Gazette on 24th January 2017 and has been effective on and from 25th January 2017. The Digital Development Act is a consolidation of the three Bills, i.e. Digital Economy… Read More