Laos Reverts Standard VAT Rate to 10% with New Presidential Decree

• Laos has published a decree to revert the standard VAT rate back to 10%
• Presidential Decree No. 003/PPT was published on 26 March 2024
• The standard VAT rate had previously been increased but is now being reverted back to 10%

Source: laoofficialgazette.gov.la

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.