Laos To Raise Value-Added Tax To Boost Revenue
The Lao Ministry of Finance has pointed to several factors in favor of raising the VAT rate.
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Tax Laos
Lao Garment Association Call for Reduction of Tax on Imported Raw Materials
Laos’ garment association has urged the government to reduce taxes on imported raw materials to lower production costs to make the industry more competitive.
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VAT Reduced To 7% Under Amendments To Lao Tax Laws
The applicable VAT rate on importing goods and supply of goods and general services will be reduced from 10% to 7% from January 1, 2022
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Govt Reveals Debt Payment Plan
Revenue earned from potential mining operations, revamped state enterprises and from other as yet untapped sources will be used to pay debts amounting to almost US$14 billion
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Four-Month Revenue Collection Amounts To Only 20 Percent Of 2018 Target
The collection of revenue throughout the nation over the past four months has reached 5,297 billion kip, equal to only 20.81 percent of the figure targeted for the whole of 2018.
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