Are your FY2023 financial statements (“FS”) and final annual profit tax (“Annual PT”) return ready for submission by the last business day of March 2024? To ensure a smooth FY2023 FS and Annual PT return submission by the last business day of March 2024, corporate taxpayers are required to prepare these documents beforehand: Documents Remark […]

The deadline for the final annual profit tax payment is fast approaching, are you ready? Are you aware of the new 50% penalty on final annual profit tax payments that are in excess of 10% of the total prepaid profit tax? What should you do to minimize the risk of penalties on the excess? The […]

Profit tax policy has changed in 2016 for many reasons, one of the main factors contributing to the change in orientation being the lack of tax resources. Thus, with the 2016 profit tax return filing deadline looming, it’s a good time for Lao companies to thoroughly review their tax risk areas and the effects of […]