DFDL Monthly Alert-September 2017

Date: Sep 2017

News

DFDL has represented Express Food Group and Clipper Holdings Limited in an innovative USD 15 million merger and acquisition transaction.

DFDL Professional Development Director Tony Campbell delivered a breakfast seminar on 24 August on ‘Leading with Resilience’ for the Australia-Myanmar Chamber of Commerce in Yangon.

DFDL has been well-recognized in the recent Asialaw Awards 2017 in both the Market Leading Lawyer and Leading Lawyer categories.

Legal, Tax and Investment updates

Banking and Finance, Telecommunication and the National Social Security Fund.

On 29 August 2016, the Microfinance Business Supervisory Committee (MBSC) issued several directives (“Directives”) that now allow MFIs to attract funding from deposits and debt-financing. This removes key obstacles that had previously hampered MFIs’ abilities to expand and diversify.

The Myanmar government has recently introduced significant amendments to the Law on Special Goods Tax (“SGT”), including the tax base for computing SGT, and reporting requirements for SGT-registered exporters and manufacturers of locally-produced regulated and non-essential goods.

Stamp Duty Law, Corporate Income Tax Rate and Withholding Tax Exemption.

Draft Companies Law, Thilawa Special Economic Zone, Special Goods Tax Act 2016, Myanmar Stamp Act, Petroleum and Petroleum Product Law, Domestic Production, Telecommunications Law, Investment and Trade.

Upcoming Events

20 Sept 2017 Tokyo

20 Sept 2017 Bangkok

  • Asia Power Week Conference

27 Sept 2017 Bangkok

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