On 20th October 2020, the Directorate of Investment and Company Administration (“DICA”) issued its Notification No. 92/2020 to rule that the stay period of resident directors of companies registered under the Myanmar Companies Law (“MCL”) will not include the Covid-19 lockdown period. Pursuant to Section 4 Sub-section (a) (v) of the MCL, a company must... Read More

On 14th October 2020, the Directorate of Investment and Company Administration (“DICA”) issued its Notification No. 90/2020 to specify the qualifications of independent directors (“ID”) of listed and non-listed public limited companies (“PLC”) registered under the Myanmar Companies Law for good corporate governance. According to this Notification, the major qualifications of the ID are: • ... Read More

On 29th September 2020, the Civil Aviation Board of Thailand (“CAB”) issued its Notification on Other Juristic Persons Pursuant to Clause 13 Paragraph 1 of the Regulation of the Civil Aviation Board No. 97 B.E. 2563 (A.D.2020) (“CAB Notification”) effective retroactively from 26th March 2020. The objective of this CAB Notification is to promote investment... Read More

On 8th September 2020, the Notification of the Office of the Prime Minister re: Prohibition on Sales of Alcoholic Beverages by Electronic Means or Manners B.E. 2563 (“Notification”) was published in the Government Gazette to prohibit against online sales of alcoholic beverages and related services effective from 7th December 2020. Under this notification, any online... Read More

Under the Royal Decree Issued under the Revenue Code on Reduction of Value Added Tax (VAT) Rate (No. 715) B.E. 2563 (A.D. 2020) (“RD No. 715”) published in the Government Gazette on 23rd September 2020, effective from 1st October 2020, the current reduction of the VAT rate from 10% to 6.3% will be extended for... Read More