The Enterprise law and the Law on Independent Audit are the main laws that establish audit requirements in Laos.
The RCEP will help boost foreign investment into ASEAN’s lower-wage countries.
Laos’ Ministry of Finance issued Notification 1061/MOF which provides exemptions from penalties for businesses for the late payment and filing of taxes.
On April 10, 2020, the Laos government issued tax relief measures to counter the impact of the COVID-19 outbreak. Read on to learn more.
Laos’ new Income Tax Law will come into effect on February 17, 2020, and sets out the latest tax rates for businesses and employees.
ASEAN continues to be an important FDI destination for European investors. Read more about Germany’s investments in Indonesia and Laos in the second part of our five-part article on German FDI in ASEAN.
In recent years, Laos’ energy sector has experienced massive investments largely due to the country’s natural hydropower resources. Read our latest article to understand Laos’ latest FDI trends and outlook for 2019.
The Lao government has increased the country’s monthly minimum wage from Kip 900,000 (US$108) to Kip 1,100,000 (US$132) with effect from May 1, 2018. While this is the third such raise in the last eight years, the revised wages are still significantly lower than those in neighboring countries in ASEAN.
Landlocked Laos is among the poorest economies of the world. Yet, in terms of gross domestic product (GDP), the economy continues to soar. Read more about Laos’s latest FDI trends and outlook for 2018 in our latest article.
For expatriate workers and their employers in Laos, understanding the process to obtain a business visa and employment permit is essential. Read more about the various business visas and employment permits issued to expatriates planning to work in Laos.