Updates
Vietnam: How to protect the author – right of musical work in the digital age
- Apolat Legal
TikTok is an indispensable app for the young generation. This is a playground for the user to be creative with the short video, otherwise, it is also the cause for the author–right infringement. “How the user protect their author – right in the digital space?”, this essay is going to clarify this issue.
Vietnam: Chinese investor establishes a beverage factory in Vietnam
- Apolat Legal
According to a report from the Department of Investment, 2023 is the year that attracts the most projects from Chinese investors. These data show that Vietnam has always created favorable conditions for Chinese investors to invest in Vietnam, and Vietnam is also a potential market where investors aim to implement production projects.
Thailand Tax Update - July 2024
- DFDL Thailand
DFDL Thailand Tax Update: 1) On 4 June 2024, the Thai Cabinet approved a special measure providing corporations and individuals with a special tax deduction for certain expenses in secondary provinces, 2) Update on taxation of foreign income in Thailand.
New Decree on Non-Cash Payment in Vietnam
- Venture North Law Firm
On 15 May 2024, a new Decree on non-cash payments has been passed by the Government (Decree 52/2024) to replace the old Decree 101/ND-CP of the Government on non-cash payment dated 22 November 2012 (Decree 101/2012) from 1 July 2024. In this post, we will introduce certain key changes of Decree 52/2024.
Issues Relating To Private Bonds Marked As “Cancelled” On Hanoi Stock Exchange Website
- Venture North Law Firm
Since 2019, Hanoi Stock Exchange (HNX) has operated a website to publish information on private corporate bonds (Private Bond Information Website). Currently, on the Private Bond Information Website, several outstanding private bonds issued under Decree 153/2020, which have reached maturity but have not been repaid by the relevant issuers, are marked as “cancelled”.
How the new Law Electronic Transactions 2023 could affect the signing of contracts by exchanging pdf copies in Vietnam?
- Venture North Law Firm
From 1 July 2024, several new provisions under the Law on Electronic Transaction 2023 (LET 2023) could affect how the parties could sign a contract via the creation and exchange of pdf copies of the agreed contract.
Electricity Price Range For LNG Power Plants In 2024
- Venture North Law Firm
On 27 May 2024, the Ministry of Industry and Trade (MOIT) issued Decision 1260 approving the electricity generation price (EGP) range for the year 2024 applicable to LNG combined-cycle gas turbine (CCGT) thermal power plant.
Cambodia: Update on Measures to Ease the Use of Khmer Language in Accounting Records and Supporting Documentation
- DFDL Cambodia
Notification 031/24 AAR (Notification 031/24) was issued by the Accounting and Auditing Regulator (ACAR) on the 15th of May 2024 to clarify the implementation of Circular no. 009 MEF dated 01 September 2021 on the Use of Language and Currency in Accounting Records and Financial Statements.
Myanmar: Supreme Court Clarifies IP Court’s Patent Jurisdiction
- DFDL Myanmar
On 1 June 2024, the State Administration Council (“SAC”) enforced the Patent Law 2019 (“PL”). Subsequently, on 3 June 2024, the Supreme Court of the Union issued several notifications defining the jurisdiction of the Intellectual Property (“IP”) Courts and the procedures for adjudicating lawsuits under the PL.
Myanmar: The Central Bank of Myanmar Updates Digital Payment Limits
- DFDL Myanmar
On 12 June 2024, the Central Bank of Myanmar (“CBM“) issued a letter “Amending the Allowed Amounts for Carrying Out Digital Payments and Transactions”. This initiative is part of the CBM’s ongoing effort to support the government’s shift to a digital economy by updating policies and promoting non-cash payments.
Myanmar – Tax Pocket Guide 2024 Edition
- DFDL Myanmar
DFDL is delighted to announce the release of the 2024 edition of the Myanmar Tax Guide. This guide is a comprehensive and practical resource for anyone who wants to learn more about Myanmar’s tax system, the latest tax developments, and the tax implications of doing business in various sectors.
Singapore: Income Tax (Amendment) Rules 2024 and The 7th Edition Singapore Transfer Pricing Guidelines
- DFDL Singapore
The Singapore Ministry of Finance recently announced amendments to the Singaporean transfer pricing rules as part of its ongoing initiative to simplify the overall compliance process for taxpayers. The Income Tax (Transfer Pricing Documentation) (Amendment) Rules 2024 came into effect on 10 June 2024.
Vietnam's Draft Data Law: An Overview and Implications
- KPMG Law Vietnam
This article provides an overview of the Draft Law's key provisions and their potential implications for businesses and individuals. Unlike personal data legislation, this Draft Law's broad coverage encompasses not only personal data but also other organizational and business data.
Vietnam: Draft Corporate Income Tax Law for public consultation
- KPMG Vietnam
On 11 June 2024, the Vietnam Ministry of Finance ("MoF") released a Draft Corporate Income Tax Law for public consultation ("New Draft Law"). Among the key changes proposed in the New Draft Law is the application of 2% CIT on proceeds from the transfer of capital invested by foreign corporations directly or indirectly in non-public joint stock companies or limited liability companies in Vietnam.
IP Protection in Myanmar
- BNG Legal
The creation of a legal framework that prioritizes the protection of intellectual property rights, through stringent protection and enforcement measures, not only attracts increased foreign investment while enhancing nation's standing and fostering a thriving economic future.
Vietnam: Stay up-to-date on bidding forms for drug supply contracts!
- LNT & Partners
According to the Law on Bidding 2023 (effective from 1 January 2024), Decree 24/2024/ND-CP (effective from 27 February 2024), and Circular 07/2024/TT-BYT (effective from May 17, 2024), the selection of drug supply contractors can be carried out through various forms.
Vietnam: What Are Suggestions for Amending The Pharmaceutical Law?
- LNT & Partners
Following the publication of points by the Deputy Director of Drug Administrative of Vietnam, new points of the draft Pharmaceutical Law (amendment) are discussed in this update.
Vietnam Technical Update: June 2024
- KPMG Vietnam
This update covers: Repealing circular No. 83/2014/TT-BTC on import VAT, Continuous enforcement measures towards VAT refund management, PIT obligations re the transfer of capital contributed in real estate, enforcement of tax management using Form 01/TNDN, and guidance on exit ban to legal representatives of businesses recorded with tax debt.
Cambodia: Update on Measures to Ease the Use of Khmer Language in Accounting Records and Supporting Documentation
- DFDL Cambodia
Notification 031/24 AAR (Notification 031/24) was issued by the Accounting and Auditing Regulator (ACAR) on the 15th of May 2024 to clarify the implementation of Circular no. 009 MEF dated 01 September 2021 on the Use of Language and Currency in Accounting Records and Financial Statements.
Myanmar: FDA’s New Requirements for Food Product Code Registration
- DFDL Myanmar
On 9 May 2024, the Department of Food and Drug Administration under the Ministry of Health announced a “Food Product Notification” following the 2022 “Labelling Order for Pre-packaged Foods” (“Order“). The Announcement aims to ensure proper food registration and assign food product codes to labels.
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