laos - Tax & Revenue

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

Cabinet acknowledges Progress in Thailand-Myanmar Cooperation in fighting Drug Trade

BANGKOK, Aug 15 (NNT) - The Cabinet has acknowledged progress made in Thailand’s cooperation with Myanmar in tackling drug problems in the border area.

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NLA whip to decide on proposed Amendment of EC Act - VP Surachai

BANGKOK, Aug 15 (NNT) - The National Legislative Assembly whip will be the person responsible for the ultimate decision to proceed with a proposed amendment of the Election Commission Act, says the legislature’s Vice President Surachai Liengboonlertchai.

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CA confirms Poll Exec, Foreign Service, Military Officers' Appointment

MANILA, Aug 15 (PNA) - Commission on Elections (Comelec) Commissioner Marlon Casquejo and several foreign service and military officers hurdled the Commission on Appointments (CA) on Wednesday.

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House installs Yap, Pichay as New Deputy Speakers

MANILA, Aug 15 (PNA) - The House of Representatives on Wednesday elected two new deputy speakers following the ascension of Pampanga Rep. Gloria Macapagal-Arroyo to the speakership.

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Five CJ bets to face JBC Interview Thursday

MANILA, Aug 15 (PNA) - The five candidates for the post of Chief Justice of the Supreme Court (SC) will walk into the line of fire with their Judicial and Bar Council (JBC) interview set on Thursday.

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IRD to build ICT System enabling Tax Payments

Taxpayers may soon be able to pay their dues to the government via mobile banking, said U Min Htut, director general of the Internal Revenue Department (IRD).

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Law Enforcement remains weak: Deputy Minister

Laos has enacted over 100 laws since national liberation in 1975, but law enforcement remains weak, a senior official has admitted.

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Exercise of Freedom must be in accordance to Federal Constitution - Eddin Syazlee

JOHOR BAHRU, Aug 14 (Bernama) - The exercise of individual’s right to freedom, be it freedom of religion or speech, must be done in accordance to the provisions in the Federal Constitution, says Deputy Communications and Multimedia Minister Eddin Syazlee Shith.

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International Malaysia Law Conference 2018

The 4-day International Malaysia Law Conference (“IMLC”) 2018, the flagship biennial event of the Malaysian Bar themed “Raising the Bar: Innovate. Integrate. Emulate.” is underway.

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IMLC 2018: Change of Government an impetus for strengthening the Rule of Law, says Sultan Nazrin Shah

KUALA LUMPUR, Aug 14 (Bernama) - The recent change of government in Malaysia has given a fresh impetus to strengthen the rule of law in the country, the Sultan of Perak, Sultan Nazrin Shah said today.

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1Mine urges Government to postpone SST

KUALA LUMPUR, Aug 14 (Bernama) - The government has been urged to postpone implementation of the Sales and Services Tax (SST) come Sept 1 until a directive on the newly passed tax law is clearly outlined.

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Seizure of Equanimity made according to Legal Procedures - Liew Vui Keong

KUALA LUMPUR, Aug 14 (Bernama) - Minister in the Prime Minister’s Department Datuk Liew Vui Keong told the Dewan Rakat today that the seizure of the superyatch Equanimity was made according to Malaysian procedures and laws.

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Petronas, Sabah, Negeri Sembilan receive Global Innovation Award

KUALA LUMPUR, Aug 14 (Bernama) - Petroliam Nasional Berhad (Petronas), Sabah Land and Survey Department, and the Negeri Sembilan government have been selected ahead of more than 100,000 companies worldwide to win a global technology award.

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PH Embassy in Switzerland celebrates ASEAN Day

BERNE, Aug 13 - The Philippine Embassy in Switzerland held a ceremony on 08 August 2018 to commemorate the 51st anniversary of the founding of ASEAN.

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ASEAN launches Website, Publication of ASEAN Institute for Peace and Reconciliation

JAKARTA, Aug 13 - Association of Southeast Asian Nations (ASEAN) Secretary-General Dato Lim Jock Hoi and Indonesian Foreign Retno Marsudi led the celebration of the 51st anniversary of ASEAN in a ceremony held at the ASEAN Secretariat in Jakarta on 08 August 2018.

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PH Embassy in Madrid participates in ASEAN Day

MADRID, Aug 13 - The Philippine Embassy in Madrid participated in the annual commemoration of ASEAN Day on 08 August 2018, in a ceremony hosted by Thai Ambassador and current ASEAN Committee in Madrid (ACM) chair Rattikul Chansuriya.

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DFA lauds Appointment of Career Diplomat as Chief of Presidential Protocol, Foreign Affairs Adviser

Aug 12 - The Department of Foreign Affairs (DFA) today lauded the appointment by President Rodrigo Duterte of a career diplomat as one of the senior officials at the Office of the President and said this move would help advance the country’s foreign policy goals.

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ASEAN Committee in Rome celebrates ASEAN Day 2018

ROME, Aug 13 - Ambassador to Italy Domingo P. Nolasco joined other Association of Southeast Asian Nations (ASEAN) Ambassadors in Rome in celebrating ASEAN Day, in a ceremony held at the Malaysian Embassy in Rome.

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