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Laos revises VAT law to promote investment, MSMEs

The revisions are also aimed at promoting micro-, small- and medium-sized enterprises (MSMEs) to increase the number of small businesses participating in the VAT system.

Among the revised 21 articles in the four laws, 12 are contained in the Law on VAT. The changes to the articles in the four laws will play a fundamental role in ensuring positive results in financial administrative reform as well as encouraging more domestic and foreign investment.

Source: phnompenhpost.com

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