The National Assembly has adopted the Law on Income Tax No. 88/NA (the “New Income Tax Law”), replacing the previous Income Tax Law of 2019 and its subsequent amendments. The New Income Tax Law was published in the Lao Official Gazette on 19 June 2026 and became effective on 1 July 2026. The New Income […]

The Ministry of Finance issued Notice No. 1360/MOF dated 23 April 2024 stating that effective from 1 May 2024, the 10% value added tax (“VAT”) rate will be implemented as discussed in our news alert dated on March 20, 2024. Here are brief details of the notice. VAT-taxable activities VAT calculation Any invoices for goods […]