Overview

In this month’s edition on tax advice in Laos, DFDL Mekong discusses:
Directors' meetings of a private company - according to the commercial and civil code of Thailand, and extraordinary meeting of shareholders shall be summoned whenever a director thinks fit, in a case that the company has lost half the amount of its capital, in order to inform the shareholders of such loss; and In case that a requisition to that effect is made in writing by shareholders holding not less than one-fifth of the shares of the company. However, the requisition must specify the object for which the meeting is required to be summoned.

What is your company's FTA strategy? - Are the Free Trade Agreements (FTAs) that the Association of South East Asian Nations (ASEAN) has concluded with Korea, Japan, China or Australia/New Zealand actually in force? Are there benefits available to your business which you may not be aware of? Reduced import duty rates, additional market access, or investment protection rules? In practice, enterprises are not always aware of the rights they may have under FTAs, especially the quite extended network of the so-called ASEAN Plus FTAs.