The Royal Decree Issued under the Revenue Code, Re: Tax Exemption (No. 621) B.E. 2559 (A.D.2016) (the “Royal Decree”) was published in the Government Gazette on 30th August 2016 and came into effect on 31st August 2016 to grant corporate income tax exemption to social enterprises. Social Enterprises  Under the Royal Decree, a social enterprise (the “SE”)... Read More

On 16th September 2016, the Prime Minister Prayut Chan-o-cha attended the opening of the ”Start-up Thailand and Digital Thailand 2016” event in Phuket. He reiterated the commitment of the Government to promote startups and to transform Phuket into a smart city. The ultimate aim of the Government is to digitalize the economy and society of Thailand so Thailand... Read More

The Act on Establishment of the Criminal Court for Corruption Cases B.E. 2559 (2016) (“the Corruption Court Act”) was published in the Royal Gazette on 16th August 2016 and it has come into force on and from 17th August 2016. The Criminal Court for Corruption Cases (“the Corruption Court”) will begin hearing cases on 3rd... Read More

The Ministry of Natural Resources and Environmental Conservation (the “Ministry”) is in charge of issuing gemstone production permits and determining the areas within the gemstone tract where gemstone can be extracted as gemstone blocks. The Ministry has announced in late August 2016 that it will not renew the existing permits for gemstone production following their... Read More

The Securities and Exchange Commission of Myanmar (“SEC”) has reminded the YSX companies of their obligations to submit their annual financial reports within three months of the end of their financial year. In Myanmar, the financial year starts from the 1st of April and ends on the 31st of March. According to Section 71 (b) of the Securities... Read More