India is keen to push for the expansion of the Trilateral Highway to Cambodia, Laos, and Vietnam and increase trade with ASEAN.
Laos has been a consistent recipient of Chinese investment for some time and is transforming the country into a land-linked nation.
The Laos-Vietnam railway is a proposed railway project aimed to further boost Laos’ ambitions to become a regional logistics hub.
The taxing of non-resident e-commerce and digital players in Laos is part of a continuing trend in ASEAN.
Laos has reduced its value-added tax (VAT) rate as part of the government’s support of the post-COVID-19 economy.
The completed China-Laos railway can transform Laos from a landlocked country into a land-linked hub that connects the wider region.
Foreign investors in Laos face new requirements for accessing investment promotion incentives.
The government of Laos issued Notification 0831 in February 2021, which obligates all individuals liable to personal income to obtain a tax identification number.
At present, Laos doesn’t have any railways. However, that is about to change in 2021, through progress on the China-Laos Economic Corridor.
The Enterprise law and the Law on Independent Audit are the main laws that establish audit requirements in Laos.