The Laos Ministry of Finance issued Notification No. 0558/MOF on 14 February 2024, which replaces the previous obligations for non-resident providers. The notification applies to foreign suppliers of digital goods and services to users in Laos, requiring them to register for VAT and remit VAT collected through the Digital Tax Service System. If supplies are made through a digital platform, the platform is considered the supplier and is required to collect and remit VAT. VAT reporting is to be carried out for three 4-month periods, and payment may be made in specified currencies through approved payment gateways. Foreign suppliers are not allowed to deduct input VAT, and VAT refunds are only allowed for specific reasons. The notification is effective from 1 August 2024, with registration allowed from May 2024.
Source Orbitax
Join the Linkedin Group on VAT/GST and E-Commerce HERE
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%
