- Laos has reinstated its value-added tax rate to 10% from the previous 7%
- The new rate was specified in Ordinance No. 003/PDT dated March 19, 2024
- The change was announced on the Ministry of Trade and Commerce website
- The last adjustment in the VAT rate was in December 2021, amending it from 10% to 7%
- The ordinance is effective from the date of signing by the president of Laos
- The new rate will not be enforced immediately but in the near future
- International experts and organizations had recommended a 10% VAT rate for Laos
- Tilleke & Gibbins will continue to monitor the situation to determine when the 10% VAT rate will be enforced.
Source: tilleke.com
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.
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