The main tax legislation applicable to FDI in Thailand is the Revenue Code (“RC”), which covers the following taxes:- (1) Corporate Income Tax (“CIT”) CIT applies to businesses and legal entities registered in Thailand or registered abroad but operating a business in Thailand. Except for SMEs, companies registered in Thailand pay CIT based on both… Read More
Update on Trademark Registration and Trademark Re-Filing in Myanmar This note is an update on the law and the practice of Myanmar in relation to registration of new trademarks and re-filing of registered and used trademarks in Myanmar as of December 2021. New Trademark Registration under the Old Law A new trademark can be registered… Read More
On 12th November 2021, the Ministry of Commerce (“MOC”) issued its Newsletter No. 19/2021 to revoke the MOC Newsletter No. 3/2018 dated 26th July 2018 and prescribe a new priority list of goods (“Priority List”) which are permitted for foreign companies and joint venture companies to sell on demand of the market either by wholesale… Read More
On 22nd November 2021, the Directorate of Investment and Company Administration (“DICA”) issued its Notification No. 136/2021 on opening corporate bank accounts by companies and organizations incorporated under the Myanmar Companies Law 2017 (“MCL”). The DICA has found that several companies and organizations do not open their corporate bank accounts for their business operation in… Read More
On 9th November 2021, the Ministry of Commerce (“MOC”) issued its Newsletter No. 18/2021 to prescribe a new list of goods that are subject to an import license for foreign exchange control. The goods of approximately 4,498 items under the Harmonized System (HS) Codes that contain 6 digits and 10 digits HS, such as electronic… Read More
Employment and Labour Protection The Civil and Commercial Code (“CCC”) and the Labour Protection Act B.E. 2541 (1998) (“LPA”) are the major employment and labor protection laws. The CCC defines employment as a hire of work (hire of services) and provides the general requirements for duties and liabilities of employers and employees. The LPA sets… Read More