laos - Tax & Revenue

Cabinet approves Tax Law changes

The Lao government will propose changes to the Law on Tax as it looks for new ways and mechanisms to collect revenue more effectively.
Date: 24 March 2019; Type: Legal News; Source: Vientiane Times

Automated Payment of Land Tax to start Next Year

Finance authorities expect to begin collecting land tax through banks from next year in a bid to modernise tax payment through the use of an electronic system.
Date: 28 August 2018; Type: Industry Updates; Source: Vientiane Times

New Decree offers Tax Breaks for Investors in Lao SEZs

Domestic and foreign investors will be granted a number of tax breaks under a new amended decree related to specific and special economic zones (SEZs) issued recently by the government.
Date: 16 July 2018; Type: Legal News; Source: Vientiane Times

Illegal Vehicle import Crackdown ordered as Tax Avoidance raises Ire

The Ministry of Finance has warned that it will impose stronger legal actions against any owners of imported vehicles evading taxes and tariff payments to the government.
Date: 05 July 2018; Type: Industry Updates; Source: Vientiane Times

Amended Law offers No Exception to VAT Charge

All enterprises that have been registered and have obtained a tax ID will have to comply with the Value Added Tax Law. Deputy Prime Minister and Minister of Finance, Mr Somdy Duangdy, yesterday presented a draft of the amended Law on Value Added Tax to the National Assembly to consider and approve.
Date: 20 June 2018; Type: Legal News; Source: Vientiane Times

Pay Taxes or face Closure, Thousands of Businesses warned

Vientiane authorities have warned 3,039 enterprises to pay taxes and declare their business plans, with the threat of closure hanging over them if they fail to comply.
Date: 27 February 2018; Type: Tax News; Source: Vientiane Times

Issue of Illegally Imported Cars remains unresolved

The illegal import of cars continues to be a problem in Laos despite orders issued by the government last year to crack down on the issue.
Date: 21 February 2018; Type: Legal News; Source: Vientiane Times

Revised Laws the Key to boosting Revenue Collection

Eleven laws will be enacted by 2020 to facilitate revenue collection while also plugging loopholes that could lead to fiscal leaks.
Date: 08 November 2017; Type: Tax News; Source: Vientiane Times

Vehicle Owners Face Doubling of Road Tax

Motorists in Laos will need to pay more than double the usual road tax this year depending on the size of their engine and vehicle type.
Date: 26 September 2017; Type: Tax News; Source: Vientiane Times

Governmentt orders Cut in Lotteries

The government has called for a cut in several types of lotteries issued by the Lao Development Lottery State Enterprise, including the football lottery, following public complaints about the country having too many lotteries.
Date: 19 August 2017; Type: Tax News; Source: Vientiane Times

Value-added Tax to replace Guesswork in raising Revenue from SMEs

The Ministry of Finance is in the process to introduce a value-added tax (VAT) on Small and Medium sized Enterprises (SMEs) after the scheme was implemented successfully elsewhere over the past seven to eight years.
Date: 14 August 2017; Type: Tax News; Source: Vientiane Times

Vehicle Owners to pay higher Road Tax in August

The Ministry of Finance will start to issue 2017 road tax stickers in August, but vehicle owners will be paying more this year.
Date: 16 May 2017; Type: Legal News; Source: Vientiane Times

New Law offers Incentives to attract Investment

A newly-amended Investment Promotion Law has recently been promulgated, offering a variety of incentives to attract investment in both promoted sectors and hardship areas. Businesses investing and operating in hardship communities (known as Area I), where infrastructure has not yet been developed, will enjoy favourable profit tax exemptions ov ...
Date: 10 April 2017; Type: Legal News; Source: Vientiane Times

Finance Ministry to probe Sources of Revenue

The Ministry of Finance is re-inspecting and clearly defining sources of national revenue to enable the country to accomplish its 2017 target for revenue collection.
Date: 15 January 2017; Type: Tax News; Source: Vientiane Times

INDUSTRY UPDATES

Palace suspends Government Work for Holy Week Exodus

MANILA, Apr 17 (PNA) - Malacañang suspended work on Wednesday (April 17), 12 noon onwards, to allow government employees to travel to their respective regions in time for the observance of Maundy Thursday (April 18) and Good Friday (April 19).

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INDUSTRY UPDATES

JBC asks Applicant to comment on Gadon Opposition

MANILA, Apr 16 (PNA) - The Judicial and Bar Council (JBC) has asked an applicant for a vacancy in the Court of Tax Appeals (CTA) to comment on an opposition to her appointment filed last month by senatorial candidate and lawyer, Lorenzo "Larry" Gadon.

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INDUSTRY UPDATES

PCC approves Ayala-PHINMA Energy Deal

MANILA, Apr 15 (PNA) - The Philippine Competition Commission (PCC) has approved the acquisition of the majority stake in PHINMA Energy by Ayala Corporation’s power branch, AC Energy.

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INDUSTRY UPDATES

8,254 Workers Re-employed after getting Assistance from ESO

KUALA LUMPUR, Apr 16 (Bernama) - A total of 8,254 unemployed workers have been re-employed after receiving assistance from the employment service officers (ESOs) since the Re-Employment Placement Programme for Employment Insurance System (EIS) commenced in August 2018.

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INDUSTRY UPDATES

Two Indonesians fined RM100,000 for Possessing Illicit Cigarettes

KLANG, Apr 16 (Bernama) - Two Indonesian retail shop workers were fined RM100,000 by the Magistrate Court here today after pleading guilty to possessing 854 packs of illegal cigarettes of various brands valued at RM1,668.56.

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INDUSTRY UPDATES

"Go to the Mosque, get Closer to God," Judge advises Robber

IPOH, Apr 16 (Bernama) - "Go to the mosque, get closer to God, be a good person and stop taking drugs," Sessions Court judge Azman Abu Hassan told a palm oil fruit collector.

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INDUSTRY UPDATES

Fake News Bill: Law Society refutes Online Flak over Alleged Silence

Law Society president Gregory Vijayendran said that the organization will share their views over the draft Protection from Online Falsehoods and Manipulation Act privately with policymakers, and has refuted online flak about its so-called "deafening silence".

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INDUSTRY UPDATES

SC suspends Work in Courts for Holy Week

MANILA, Apr 15 (PNA) - The Supreme Court (SC) on Monday announced its modified work schedule for the Holy Week, starting with a half-day work on Wednesday.

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INDUSTRY UPDATES

Fourth 'Justice Zone' opens in Pampanga

MANILA, Apr 13 (PNA) - The fourth Justice Zone in the country has been formally opened in Angeles, Pampanga by the Justice Sector Coordinating Council (JSCC).

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INDUSTRY UPDATES

Indonesia Industrial Summit to be held on April 15-16

Jakarta, April 13 (ANTARA) - The Industry Ministry will organize the 2019 Indonesia Industrial Summit (IIS) themed "Implementation of Making Indonesia 4.0 Toward Top Ten Global Economies", in ICE BSD, Tangerang, Banten Province, on April 15 and 16.

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INDUSTRY UPDATES

200 Lawyers gather in Kuala Lumpur for TerraLex

KUALA LUMPUR, Apr 13 (Bernama) - A total of 200 lawyers from 50 countries have gathered here for the TerraLex Global Meeting to discuss a wide variety of legal and economic issues impacting Malaysia.

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INDUSTRY UPDATES

Chief Justice pens Touching Farewell to Colleagues

PUTRAJAYA, Apr 13 (Bernama) - "All I ask from you is to protect the judiciary no matter what others may say," said Tan Sri Richard Malanjum in his farewell message to the judges, officers and employees of the judiciary upon his retirement yesterday.

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INDUSTRY UPDATES

Chief Justice Richard Malanjum retires

PUTRAJAYA, Apr 12 (Bernama) - Chief Justice Tan Sri Richard Malanjum retires today after serving 27 years in the judiciary.

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INDUSTRY UPDATES

SC launches New Public-Friendly Website

BAGUIO CITY, Apr 11 (PNA) - Supreme Court Chief Justice Lucas Bersamin on Thursday launched the High Court's new and improved website, which includes a court locator directory for lower courts and an e-library of the tribunal's decisions and resolutions.

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INDUSTRY UPDATES

Appointment of Suhakam Commissioner for Children to be announced this Month

KUALA LUMPUR, Apr 11 (Bernama) - The Legal Affairs Division in the Prime Minister's Department is expected to announce the appointment of a Suhakam (Human Rights Commission of Malaysia) commissioner for the portfolio of children this month.

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INDUSTRY UPDATES

Proposed Amendment to Constitution not done in haste - Liew

KUALA LUMPUR, Apr 10 (Bernama) - Minister in the Prime Minister's Department Datuk Liew Vui Keong today brushed off claims that the proposed amendment to Article 1(2) of the Federal Constitution was done in haste, saying the MPs from Sabah and Sarawak were given ample time to deliberate the matter.

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INDUSTRY UPDATES

Re-tabling of Amendment Bill depends on Needs - Dr Mahathir

KUALA LUMPUR, Apr 10 (Bernama) - Prime Minister Tun Dr Mahathir Mohamad said re-tabling of the bill to amend the Federal Constitution to give Sabah and Sarawak equal status with Peninsular Malaysia, which failed to get two-thirds majority support in the Dewan Rakyat yesterday, would depend on needs.

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INDUSTRY UPDATES

Hearing of Najib's Appeal to disqualify Gopal Sri Ram as Prosecutor Rescheduled to April 23

PUTRAJAYA, Apr 10 (Bernama) - The Court of Appeal has rescheduled to April 23 to hear Datuk Seri Najib Tun Razak's appeal against a High Court's dismissal of his application to disqualify former Federal Court judge Datuk Seri Gopal Sri Ram from leading the prosecution team in his 1Malaysia Development Bhd (1MDB) cases.

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