Presidential Decree No. 231/P, which was dated on December 21, 2021, and makes amendments to the country’s VAT Law, reduces the standard VAT rate from 10 percent to 7 percent. The amended VAT Law has come into effect on January 1, 2022.
Source: aseanbriefing.com
Latest Posts in "Laos"
- New VAT Compliance Rules for Foreign Digital Suppliers in Laos Effective August 2024
- President Trump Issues Notices on Reciprocal Tariff Rates Effective 1 August 2025
- Laos Implements Regulations on Foreign Currency Management for Exporters: What You Need to Know
- Laos VAT Compliance for Foreign Digital Service Providers: New Requirements and Impact
- Laos Increases VAT to 10%
