On 24th January 2017, the Cabinet approved in principle the Bill on Companies Limited (Sole Proprietor) (the “Bill”) as proposed by Ministry of Commerce, and ordered the Office of the Council of State to propose amendments to related laws, while taking into consideration opinions of the Ministry of Justice, the Bank of Thailand, and the… Read More
SEASON’S GREETINGS AND BEST WISHES FOR A HAPPY AND PROSPEROUS NEW YEAR 2017 Dear Clients and Colleagues, As we enter into the holiday season, our team at LawPlus Ltd. and LawPlus Myanmar Ltd. would like to extend our warm wishes to you and your family. Merry Christmas and Happy New Year. Kowit Somwaiya, Managing Partner… Read More
On 11th November 2016, the National Legislative Assembly (“NLA”) accepted the Bill on Control in Promotion of Foods for Infants and Young Children (the “Bill”) in principles after its first reading. The Bill was proposed to the Cabinet by the Ministry of Health and the Cabinet accepted it on 25th October 2016 before forwarding the… Read More
On 11th November 2016, the National Legislative Assembly (“NLA”) accepted the Bill on Tobacco Products Control (the “Bill”) in principles at its first reading. The Bill is being reviewed by a 21-member reviewing committee of the NLA before its second and final readings within 60 days from 11th November 2016. If finally passed, the Bill… Read More
On 18th October 2016, the Myanmar Investment Law 2016 (“MIL”) was enacted to replace the Foreign Investment Law 2012 (Pyidaungsu Hluttaw Law No. 21, 2012) (“FIL”) and the Myanmar Citizens Investment Law 2013 (Pyidaungsu Hluttaw Law No. 18, 2013). The MIL will notably introduce a new form of investment approval, called MIC Endorsement, to speed… Read More
The Prime Minister, Prayut Chan-o-cha, used Section 44 of the interim constitution of Thailand for extending the 7% value-added tax (“VAT”) for another year. The announcement was published on the Royal Gazette on 1st November 2016 and took effect retroactively from 1st October 2016. Under Section 80 of the Revenue Code, the VAT rate is… Read More