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Tax Identification Numbers in Laos: Compliance by June 2021
The government of Laos issued Notification 0831 in February 2021, which obligates all individuals liable to personal income to obtain a tax identification number.
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Laos Planned Railways: Opening a National Rail Network in 2021
At present, Laos doesn’t have any railways. However, that is about to change in 2021, through progress on the China-Laos Economic Corridor.
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Audit and Compliance in Laos: A Guide for Foreign Investors
The Enterprise law and the Law on Independent Audit are the main laws that establish audit requirements in Laos.
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New RCEP Free Trade Agreement Rules of Origin to Boost Finishing of Products Investment into Cambodia, Laos & Myanmar
The RCEP will help boost foreign investment into ASEAN’s lower-wage countries.
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Laos Introduces Exemptions from Penalties for Late Filing and Payments of Taxes
Laos’ Ministry of Finance issued Notification 1061/MOF which provides exemptions from penalties for businesses for the late payment and filing of taxes.
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Laos Issues Tax Relief Measures to Mitigate COVID-19 Impact
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.
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Laos to Implement New Income Tax Rates
Laos’ new Income Tax Law will come into effect on February 17, 2020, and sets out the latest tax rates for businesses and employees.
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German FDI in ASEAN Part II: Indonesia and Laos
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.
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Laos’ Investment Outlook for 2019
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.
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Laos Increases Minimum Monthly Wage for the Third Time in Eight Years
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.
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