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.
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.