Following postponement by the Ministry of Finance of the date for submission of the FY2021 annual financial statements (the “FS”), the deadline of 31 May 2022 set by Notice No. 933/MOF dated 31 March 2022 is fast approaching. Are you ready? Is your document checklist completed? Are you aware of the income tax rules on […]

Are you ready for your annual personal income tax audit, due by 31 March 2021? Did you know you need to register for a taxpayer identification number? Do you know if you’re eligible for a family support allowance deduction? On the same day Instruction No. 0819/MoF Implementing the Income Tax Law dated 10 February 2021 […]

On 10 February 2021, the Minister of Finance issued Instruction No. 0819/MoF (the “Instruction”) to implement the Income Tax Law No. 67/NA dated 18 June 2019. There are a number of interesting developments; we highlight below some of the key points.  Profit tax Per the Taxation Administration Law No. 66/NA dated 17 June 2019, profit […]

Although the Lao PDR has not experienced a severe impact from the COVID-19 pandemic, the Government of the Lao PDR (“GOL”) is taking it seriously and generously providing tax relief in order to minimize stressful impacts on employees and help out the affected micro-, small- and medium-sized enterprises in the country. With issuance of the […]

The new Income Tax Law No. 67/NA dated 18 June 2019 (“New Income Tax Law”) has been promulgated by the President of the Lao PDR and was published on the Lao Official Gazette on 3 February 2020. It will come into force on 18 February 2020, i.e. 15 days from the date of its publication in […]