VAT Laos

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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Finance - Banking - MoneyTaxThailand

Thai Government To Air Concerns On Lao VAT

The government is set to raise the issue of Laos’s value-added tax (VAT) in a joint discussion with Lao counterparts, fearing the new tax measure may cripple growing border trade.
Thailand will ask for leniency and a spending ceiling from Laos during the meeting, which is expected to be held soon.
Laos has begun collecting VAT on products imported from abroad, starting at the …..

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Lao Economy

VAT Collection To Start Next Month

The Customs Department of the Ministry of Finance will begin collecting Valued Added Tax (VAT) payments next month with the department readying equipment and human resources.
“At the beginning we will be collecting VAT at the first Thai-Lao Friendship Bridge between Nong Khai province and Vientiane followed by the other international border …..

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Lao EconomyTax

Govt To Revise Value-Added Tax

The government will amend the Law on Value-Added Tax (VAT) to remove tariffs on materials Laos cannot produce domestically as part of preparations for the Asean Free Trade Area and Asean Economic Community in 2015.
Under amendments flagged in a government report last week, the 10 percent tariff on some materials and machinery that cannot be produced in Laos will be reduced to zero in a bid to promote productivity in other sectors.
The government has moved to assure the amendment will not impact …..

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