New activity now subject to VAT
The supply of goods outside of SEZs by a business registered to operate in the SEZ is now subject to VAT. Previously, only services supplied outside of SEZs by SEZ-registered companies were subject to VAT.
Additional conditions for deductible input VAT
Input VAT deductions can only be made if the payment for the relevant purchase and sale of goods and services was made through a bank in Laos.
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%
