Deputy Minister of Finance Mr Bounchom Ubopaseuth

Lao Economy

Improved VAT Procedures To Enhance Laos’ Business Climate

The Ministry of Finance is seeking consultations with business sector operators and government agencies on the new implementing instructions for the revised value-added tax (VAT) Law, aiming to make tax collection procedures more transparent.
The revised VAT Law, which was approved in January, is expected to make paying taxes easier for local businesses as well as helping to improve the business climate in ….

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