The 2019 amendment of the Narcotics Act B.E. 2522 (1979) (“NA”) entered into force on and from 19th February 2019 (“Effective Date”) allowing uses of cannabis for medicine and research and development (“R&D”) purposes.  Subsequently, the relevant authorities have issued several rules to implement the amended NA. 1.   Possession of Cannabis before the Effective... Read More

The Union Parliament of Myanmar passed Tax Administration Law (“TAL”) on 7th June 2019 as a Pyidaungsu Htuttaw Law No. 20/2019.  It was signed by the President of Myanmar on the same day.  It will enter into force on 1st October 2019.  The TAL is one of the most significant tax legislations.  It aims to... Read More

On 5th June 2019, the Microfinance Business Supervisory Committee (“MBSC”) issued the Directive No. 1/2019 on new interest rates for microfinance institutions operating in Myanmar, which will enter into force on 1st October 2019. The new interest rates are as follows:- 2.3% per month but not more than 28% per annum for microfinance loans calculated... Read More

On 4th June 2019, the Ministry of Commerce (“MOC”) issued the Notification No. 24/2019 (“Notification”) to allow foreign companies and joint venture companies to export 7 categories of local products subject to recommendations of the relevant authorities and/or other requirements listed below. The MOC may adjust the categories of the products depending on the local... Read More

The Consumer Protection Act (No. 4) B.E. 2562 (2019) (“Amendment”) was passed by the National Legislative Assembly (NLA) on 6th March 2019 to amend the Consumer Protection Act B.E. 2522 (1979) (“CPA”).  It was published in the Government Gazette on 27th May 2019 and will come into force on and from 25th August 2019. The... Read More