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
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%
