Laos Restores 10% Headline Rate of VAT
The President of Laos on March 19 signed a decree restoring the value-added tax (VAT) rate to 10%
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VAT Laos
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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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 Proposes Income Tax Revisions To National Assembly
The Ministry of Finance has revised several articles of the Law on Income Tax, to enable businesses to operate
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New Amended Law On VAT
The key important points to note from the Amended Law on VAT are summarized in this alert.
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SMES To Be Subject To VAT
Small and Medium Sized Enterprises (SMEs) in Laos must prepare for a new challenge when the government enforces the Law on Value Added Tax (VAT) next year.
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Amended Law Offers No Exception To VAT Charge
All enterprises that have been registered and have obtained a tax ID will have to comply with the Value Added Tax Law.
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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 ….
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 …..
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 …..
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 …..