The Myanmar Investment Commission (“MIC”) has issued its Announcement on Obtaining Prior Approval from the MIC dated 26th September 2019. Under this Announcement, companies operating businesses under MIC permits, MIC endorsements or Region/State Investment Committee endorsements must obtain prior approval from the MIC for the followings:- (a)   an extension of time for remittance of foreign... Read More

The Union Parliament of Myanmar passed the Union Tax Law 2019 (“UTL”) on 24th June 2019 as the Pyidaungsu Htuttaw Law No. 30/2019.  The UTL entered into force from 1st October 2019.  Its major provisions are summarized below. 1.   Special Commodity Tax (“SCT”) 1.1   Sale of special commodities as prescribed under Section 6 of Special... Read More

On 10th September 2019, the Ministry of Agriculture, Livestock and Irrigation (“MOALI”) issued its Notification No. 299/2019 called Deeds Registration Rules (“DRR”) under the Deeds Registration Law 2018 (“DRL”) to set out the procedures for registration of deeds in Myanmar. The major provisions of the DRR include: – 1.   For a deed executed abroad, the... Read More

Adherence to the notice and consent principles of the Personal Data Protection Act B.E. 2562 (2019) (“PDPA”) is vital to any PDPA compliance regime. Notice and consent are two separate matters but are inextricably linked pre-requisites of any collection, use or disclosure of personal data. NOTICE REQUIREMENT The PDPA requires that Controllers notify data subjects... Read More

OVERVIEW The Personal Data Protection Act B.E. 2562 (2019) (“PDPA”) of Thailand came into force on the 28th of May 2019.  It establishes a framework of principles, rules and bodies which protects an individual’s personal data whilst also enabling businesses to continue to derive economic value from the exploitation of personal data.  A one-year grace... Read More