Laos Keyword: Income Tax Law
Are you ready for your annual personal income tax audit, due by 31 March 2021? Did you know you need to register for a taxpayer identification number? Do you know if you’re eligible for a family support allowance deduction? On the same day Instruction No. 0819/MoF Implementing the Income Tax Law dated 10 February 2021 […]
On 10 February 2021, the Minister of Finance issued Instruction No. 0819/MoF (the “Instruction”) to implement the Income Tax Law No. 67/NA dated 18 June 2019. There are a number of interesting developments; we highlight below some of the key points. Profit tax Per the Taxation Administration Law No. 66/NA dated 17 June 2019, profit […]
Although the Lao PDR has not experienced a severe impact from the COVID-19 pandemic, the Government of the Lao PDR (“GOL”) is taking it seriously and generously providing tax relief in order to minimize stressful impacts on employees and help out the affected micro-, small- and medium-sized enterprises in the country. With issuance of the […]
The new Income Tax Law No. 67/NA dated 18 June 2019 (“New Income Tax Law”) has been promulgated by the President of the Lao PDR and was published on the Lao Official Gazette on 3 February 2020. It will come into force on 18 February 2020, i.e. 15 days from the date of its publication in […]