DFDL Monthly Alert-May 2017

Date: May 2017

NEWS

DFDL is pleased to announce that it has been awarded with the 2017 Cambodia Tax Firm of the Year title from the International Tax Review (ITR), an industry-leading tax publication.

DFDL Partner William Greenlee and Senior Consultant Alex Larkin have authored separate articles in the latest American Bar Association (“ABA”) International Law News journal.

Legal, tax and investment updates

The Ministry of Industry and Trade of Vietnam (“MOIT”) has just released a draft circular guiding the project development and agreement template of purchase and sale of power for the solar power projects (“Draft Circular”). The Draft Circular follows Decision 11 on mechanisms for encouraging the development of solar power in Vietnam (“Decision 11”) which was issued by the Prime Minister last month.

The much anticipated amendments to the Investment Promotion Law became effective on 19 April 2017.  The amended law (No. 14/ NA, 17 November 2016) makes positive changes to the regulatory framework for investors and represents an encouraging step in alleviating barriers to investment in the Lao PDR.

Very recently, Thailand has taken two noteworthy steps in combating international tax evasion. The first of these was Thailand’s decision in January 2017 to join the Global Forum on Transparency and the Exchange of Information for Tax Purposes.

The US Treasury and the IRS have granted an automatic extension of the deadline for the annual filing of foreign bank account information, more commonly known as FBAR.

The topics discussed on this update are related to : "Corporate Governance" and "Real Estate and Construction"

Upcoming events

8 May 2017  Hanoi

9-10 May 2017  Hanoi

18 May 2017  Yangon

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