- New VAT compliance obligations start on 1 August 2024 for foreign suppliers of digital goods and services in Laos
- Digital platforms and e-commerce are included in these obligations
- A deemed supplier rule is introduced
- Platform operators are considered suppliers and must handle VAT responsibilities
- The VAT rate for nonresident suppliers is 10 percent, up from 7 percent
- Taxpayers will use the DTax System for VAT registration, filing, and payment
Source: bdo.global
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.
