laos - Tax & Revenue - News

Government to levy Higher Excise Tax on Unnecessary Products

Products or services the government doesn’t promote, including alcoholic beverages, will be subject to higher taxes if a new law on excise duties comes into force in January 2020.
Date: 19 June 2019; Type: Legal News; Source: Vientiane Times

Law Amendment aims to boost National Revenue

The government has highlighted the need to modernise the tax collection system and enhance transparency in the financial sector to boost national revenue, a senior official has said.
Date: 17 June 2019; Type: Legal News; Source: Vientiane Times

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

SEC urges Public to scrutinize Firms before investing

MANILA, Jun 26 (PNA) - As it intensifies the crackdown on suspected investment scams, the Securities and Exchange Commission (SEC) has advised prospective investors to scrutinize first the legitimacy of a company before making their investment decisions.

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SC sets Ground Rules for Oral Arguments on Writ of Kalikasan

MANILA, Jun 25 (PNA) - The Supreme Court (SC) on Tuesday issued guidelines for the July 2 oral arguments on the writ of kalikasan suit filed by petitioners seeking assertive government action on the disputed Ayungin Shoal, Panganiban Reef, and Panatag Shoal.

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Police Chief bans Mass Rally outside Constitutional Court Building

Jakarta, Jun 25 (ANTARA) - Police has banned mass rallying outside the Constitutional Court (MK) building during the court's Consultative Meeting of Judges before it gives a ruling on the presidential election dispute, Indonesian Police Chief Gen. Tito Karnavian emphasized.

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Government plans to build New Shah Alam Court Complex - Liew

SHAH ALAM, Jun 24 (Bernama) - The government plans to build a new Court Complex in Shah Alam to replace the existing building, said Minister in the Prime Minister’s Department Datuk Liew Vui Keong.

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Niosh offers free needs Analyses for Sabah and Labuan Workplaces

KOTA KINABALU, Jun 24 (Bernama) - The National Institute of Occupational Safety and Health (NIOSH) stands ready to conduct free needs analyses of workplace safety for organisations in Sabah and the Federal Territory of Labuan, with the aim of identifying appropriate training required.

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Ministry launches Sexual Predation Awareness Campaign

PUTRAJAYA, Jun 24 (Bernama) - The Women, Family and Community Development Ministry today launched a sexual predation awareness campaign via digital medium Youtube.

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Ambushed fiscal named Mindoro judge

MANILA, Jun 21 (PNA) - A female prosecutor who was shot and wounded as she was entering her home in Oriental Mindoro last June 10 is among the newly-appointed judges, Justice Secretary Menardo Guevara announced on Friday.

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ASEAN Chamber of Commerce, UiTM ink MoU to collaborate in Various Areas

KUALA LUMPUR, Jun 22 (Bernama) - ASEAN Chamber of Commerce and Universiti Teknologi Mara (UiTM) have inked a memorandum of understanding (MoU) to pave the way for collaboration in various areas of entrepreneurship, including research.

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President Jokowi to attend 34th ASEAN Summit in Thailand

Jakarta, Jun 20 (ANTARA) - Indonesian President Joko Widodo will attend the 34th ASEAN Summit in Bangkok, Thailand, from June 22 to 23, 2019.

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PCC OKs East West purchase of PBCOM Auto Loan Portfolio

MANILA, Jun 19 (PNA) - The Philippine Competition Commission (PCC) approved the acquisition by East West Banking Corporation (East West) of the auto loan portfolio of Philippine Bank of Communications (PBCom).

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INDUSTRY UPDATES

RI hopes for Progress in Timor Leste joining ASEAN

Jakarta, Jun 19 (ANTARA) - The Indonesian government has expressed its hopes that the ongoing evaluation of Timor Leste will result in its becoming a member of the Association of Southeast Asian Nations (ASEAN).

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MyCC to focus Efforts on Monitoring Cement Industry

KUALA LUMPUR, Jun 19 (Bernama) - The Malaysia Competition Commission (MyCC) says it will focus its efforts on consistently monitoring the cement industry in order to complement the government’s initiative in protecting the welfare of consumers.

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INDUSTRY UPDATES

Amended Code did not affect Conflict of Interest - Witness

KUALA LUMPUR, Jun 18 (Bernama) - The Code of Ethics for Administration Members and Members of Parliament was amended by the Cabinet in 2013 but did not affect the conflict of interest provision, according to a Cabinet former deputy secretary-general (Constitution and Communication).

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INDUSTRY UPDATES

Court urges Johor PTG to meet Orang Asli to settle Compensation Issue

JOHOR BAHRU, Jun 18 (Bernama) - The High Court here today encouraged the state Land and Mines Office (PTG) to engage in discussions with the Seletar tribe Orang Asli of Kuala Masai with the aim of settling compensation due as a result of wrongful acquisition of their land in Stulang Laut.

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INDUSTRY UPDATES

Ex-CJ speaks out against Lawyers' Tendency to seek Postponements

KUALA LUMPUR, Jun 16 (Bernama) - Former Chief Justice Tun Zaki Azmi has spoken out against the tendency by certain defence lawyers to seek postponements of cases being heard in court.

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INDUSTRY UPDATES

New Competition Commission already under Fire

Myanmar’s professed commitment to competition reform has come under fire after the government packed the new Competition Commission with bureaucrats serving under a minister.

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INDUSTRY UPDATES

NA Deputies give Opinions on Revised Labour Code

Hanoi, Jun 12 (VNA) - The revised Labour Code will the focus during the sitting of lawmakers on June 12 in the ongoing 7th session of the 14th National Assembly.

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INDUSTRY UPDATES

Ability to pay Taxes Online a Boon for Vietnam’s Import-Export Businesses

Hanoi, Jun 6 (VNS/VNA) - Around 99 percent of import and export tax payments in Ho Chi Minh City are made online, according to the customs department.

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