VDB LoiUpdates & Analysis


Laos
25
May
2017
VDB Loi Laos’ Alert – New VAT Instructions: Financial sector updates

On 11 January 2017, the Ministry of Finance released Instruction No. 0077/MOF on the Implementation of the Law on Value Added Tax (“the Instruction”) to clarify the rules on value added tax (“VAT”). The Instruction heralded in quite a few …

1
Feb
2017
Instruction Implementing VAT LAW
On 11 January 2017, the Ministry of Finance issued Instruction No. 0077/MOF (“the Instruction”) to implement and further clarify the provisions under the Amended VAT Law No. 52/NA dated 23 July 2014.

Below are the main points covered in the

9
Jan
2017
VDB Loi Laos Alert – Your 2016 Annual Profit Tax return: Are you ready?

Profit tax policy has changed in 2016 for many reasons, one of the main factors contributing to the change in orientation being the lack of tax resources. Thus, with the 2016 profit tax return filing deadline looming, it’s a good …

25
Aug
2016
VDB Loi Laos Alert – Watch out for VAT applicability on banking activities

 

The applicability of value added tax (“VAT”) on banking activities has shifted from a broad exemption regime under VAT Law No. 04/NA dated 26 December 2006 – “operations relating to banking services, financial institutions” – to a limited exemption
29
Jun
2016
VDB Loi Laos Alert: Determination of minimum and increase in secured salary for social security purpose

Recently, the Minister of Labor and Social Welfare issued Decision No. 1740/LSW dated 25 April 2016 to determine a minimum and increase secured salary for social security purpose.

The ceiling of or maximum secured salary for calculation of social security …

20
May
2016
VDB Loi Lao Tax Update: Flash news on Amended Tax Law

Amended Tax Law No. 70/NA adopted 15 December 2015 was published in the Lao Official Gazette of 9 May 2016 and will come into force on 24 May 2016.

The new law was issued while Laos is facing a looming …

11
Feb
2016
VDB Loi Laos Alert: Application for 2015 Tax Payment Certificate

The Vientiane Capital Tax Division issued Notice No. 0182/TD.VTE on 18 January 2016 regarding the 2015 tax payment certificate application.

All domestic and foreign business units under the supervision of the Tax Division are required to submit two sets of …

15
Jan
2016
VDB Loi Laos Alert – Presidential Edict on royalty rate for natural resources

Recently, the President of the Lao PDR issued Presidential Edict No. 001/P dated 15 December 2015 (“the Edict”) regarding the royalty rate for natural resources.

The Edict imposes royalty rates for natural resources as follows:

  • For general mineral resources –
2
Nov
2015
VDB Loi Laos Alert – Notification on the Inspection and Monitoring of the Existence of Enterprises after Incorporation

Recently, the Ministry of Industry and Commerce (MOIC) issued Notification No. 2121/IC.ERM dated 14 October 2015 (the Notification) regarding the inspection and monitoring of the existence of enterprises after incorporation.

The Notification imposes a new reporting requirement on all enterprises. …

18
May
2015
CLMV Power Update

Welcome to VDB Loi’s CLMV Power Update!

Highlights of this issue:

  • Ten things to know about power in Myanmar
  • A practical perspective on foreign financing transactions in Myanmar
  • Key economic terms of Myanmar PPAs
  • Kayah state offers opportunities
  • Land acquisition
Website Security Test