Presidential Ordinance No.003 on the Adjustment of Value Added Tax (VAT) Rates.
Country
Type of law
Regulation
Abstract
This Presidential Ordinance establishes the legal amendment to the Value Added Tax (VAT) rate in the Lao PDR. The primary purpose of this adjustment is to increase state budget revenue to support national socio-economic development goals and ensure fiscal stability.
The core change introduced by this legislation is the restoration of the standard VAT rate to 10% (up from the previous 7%). This rate applies broadly across several key economic activities, including: The importation of goods into the Lao PDR; The domestic supply of goods and services; The extraction and supply of mineral resources; Electricity consumption for all categories of users and producers.
The core change introduced by this legislation is the restoration of the standard VAT rate to 10% (up from the previous 7%). This rate applies broadly across several key economic activities, including: The importation of goods into the Lao PDR; The domestic supply of goods and services; The extraction and supply of mineral resources; Electricity consumption for all categories of users and producers.
Attached files
Date of text
Repealed
No
Source language
English
Legislation Amendment
No