DFDL Lawyers
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In 1994, DFDL was built on the foundation of a unique vision: to build an integrated international standard law firm, with in-depth knowledge of the Mekong Region, while providing specialized and personalized advisory services to the international business community. DFDL Expertise Integrated international law firm providing technical excellence across our core areas of expertise; In-depth local and cross-border experience in complex and sophisticated transactions across a wide geographical front; A practical knowledge of local business cultures and practices; and Our areas of expertise: Banking and Finance, Corporate and Commercial, Energy, Mining and Infrastructure, Mergers and Acquisitions, Real Estate and Construction, and Taxation. As the Mekong Region and other emerging markets continue to thrive, DFDL is uniquely positioned to secure your access to promising international growth opportunities.

Vietnam Legal Update: Proposed Solar Feed-In-Tariffs
Business,Environment

Reading Time: 3 minutesOn 3 May 2019 the Ministry of Industry and Trade of Vietnam (the “MOIT”) submitted to the Prime Minister a draft decision intended to replace Decision No. 11/2017/QD-TTg of the Prime Minister on mechanisms for the encouragement of development of solar power, dated 11 April 2017 (“Decision 11”). In response to this submission, the Prime […]

Myanmar Legal Update: Deployment of Employees in Myanmar
Business,Employment,Legal Updates,Myanmar,Regional Law

Reading Time: 2 minutesEmployment law in Myanmar is still a work in progress. Rather than a single labour code, a patchwork of labour legislation covers different aspects of the employment relationship. Currently, the rules and regulations regarding foreign workers are regularly changing and requirements by the authorities may vary from application to application. We understand that the Ministry […]

Cambodia Tax Update: Tax Treaty with Hong Kong Signed
Business,Cambodia,Regional Law,Taxation

Reading Time: 2 minutesCambodia has signed a Double Taxation Agreement (DTA) with Hong Kong on the 26th of June 2019 as announced by the Secretary for Financial Services and Treasury, Mr James Lau, on behalf of the Hong Kong Special Administrative Region Government. Under the DTA, double taxation will be avoided in that any tax paid in Cambodia […]

Myanmar Legal Update: Oil & Gas Blocks Tender 2019 – The new Draft Petroleum Law and Revised PSC
Business,Environment,Legal Updates,Myanmar,Regional Law

Reading Time: 3 minutesIn early 2019, the Ministry of Electricity and Energy (“MOEE”) announced that it would soon be calling a new round of international tenders for 18 onshore and 15 offshore oil and gas blocks expected to take place in early 2019. The tender round was subsequently delayed and is now anticipated to occur in Q3 or […]

Myanmar Tax Update: Significant Changes Under the New Tax Administration Law
Legal Updates,Myanmar

Reading Time: 2 minutesOn 7 June 2019, the Union Parliament (“Pyidaungsu Hluttaw”) enacted Law No. 20 otherwise known as the Tax Administration Law (“TAL”). This TAL is one of the major pieces of tax legislation being introduced in Myanmar as part of the Internal Revenue Department’s (“IRD”) tax reform program. This Law aims to modernize and provide guidance […]

Cambodia Tax Update: VAT Update – Zero-rated Supplies
Business,Taxation

Reading Time: 3 minutesAs a general rule the Cambodia tax regulations contemplate Value Added Tax (VAT) being charged at zero percent (“zero-rated”) for services invoiced by a Cambodian taxpayer that are deemed to be performed outside of Cambodia (“exported services”). The uncertainty facing taxpayers in Cambodia centers upon what constitutes an exported service and what evidence do they […]

Myanmar Legal Update: Foreign Companies Allowed to Export Certain Local Products
Business,Business Advice,Myanmar,Regional Law

Reading Time: 2 minutesOn 6 June 2019, the Ministry of Commerce (“MOC”) issued Notification No.24/2019 (the “Notification”) that allows foreign companies to export certain local products by exercising powers under Section 13 (b) of the Export and Import Law. In order to raise the quality of Myanmar exports, boost international demand for local goods and raise earnings for […]

Myanmar Legal Update: INGOs & NGOs Conducting MFI Activities Must Be Registered as Companies and Re-Apply for Microfinance Business License
Business,Myanmar,Regional Law

Reading Time: 2 minutesOn 4 June 2019, the Financial Regulatory Department (“FRD”) issued a letter (“Letter”) directing International Non-Governmental Organizations (“INGOs”) and Non-Governmental Organizations (“NGOs”) which carry out microfinance activities to register as companies and re-apply for Microfinance Business Operation Licenses (“MFBOL”). The FRD had previously issued MFBOLs to 3 INGO groups, 16 NGO groups, 47 foreign companies, […]

Myanmar Legal Update: New Set of Interest Rates for Microfinance Institutions
Business,Business Advice,Myanmar,Regional Law

Reading Time: 2 minutesAmong recent developments happening in the banking and finance sector, the Microfinance Business Supervisory Committee (“MBSC”) issued Directive 1/2019 (the “Directive”). This Directive lays down a new set of interest rates which shall be followed by all microfinance institutions operating in Myanmar. Under the new Directive, the interest rate for microfinance loans shall be charged […]

Vietnam Legal Update: Draft Public-Private Partnership Law
Business,Business Advice,Regional Law,Vietnam

Reading Time: 3 minutesRecently, the Ministry of Planning and Investment of Vietnam published a draft of Law on Public-Private Partnership (the “Draft PPP Law”). The Draft PPP Law is expected to be submitted to the Government during the 8th Session of Legislature XIV for consideration, with potential passage during the 9th Session of Legislature XIV. The current public-private […]

Myanmar Tax Update: Annual Tax Compliance Reminder for FY 2018-2019
Business,Myanmar,Regional Law,Taxation

Reading Time: 2 minutesOur Tax Team wishes to remind you of the fast-approaching deadline for submission of your annual Corporate Income Tax (“CIT”) return, annual Commercial Tax (“CT”) return, and annual Personal Income Tax (“PIT”) Salary Statement. For Myanmar taxpayers who follow the financial year ending 31 March 2019 (“FY 18-19”), all annual tax returns must be submitted […]

Myanmar Legal Alert: The MOC Mandates Wholesale/Retail Registration for Previously Exempted Commodities
Business

Reading Time: 2 minutesIn the most recent development in wholesale and retail, the Ministry of Commerce (“MoC”) issued Notification No. 23/2019 (“Notification”) in relation to the registration of companies involved in importing and trading the following commodities: Chemical Fertilizers, Seeds, Insecticides, Medical Instruments, Construction Materials and Agricultural Machinery (“Commodities”). In relation to wholesale and retail activities in Myanmar, […]