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September 7, 2022

The Bank of Lao PDR Introduces New Amendments to the Decree on Microfinance Institutions (2012)

The Bank of the Lao PDR (“BOL”) issued a decree (No. 184/G) on 20 June 2022 (the “Decree”) replacing...

Lao Labor Ministry Issues Guidelines to Implement the Minimum Wage Increment

The Ministry of Labor and Social Welfare of the Lao PDR (MLSW) has issued Decree No.2718/LSW dated 8 July...

The Bank of the Lao PDR Issues New Decision to Manage Foreign Currency Exchange and Stabilize the Lao Kip

On 14 June 2022, the Bank of the Lao PDR (the “BOL”) issued Decision No. 449/BOL (“Decision 449”) to...

Lao PDR Raises Statutory Minimum Wage from August 2022

As the costs of essential commodities continue to soar, driven by the unfettered weakening of the Lao Kip (“LAK”),...

FY2021 Annual Submission and Dividend Income Tax

Following postponement by the Ministry of Finance of the date for submission of the FY2021 annual financial statements (the...

Amended Telecommunication Law – Lao PDR

The Law on Telecommunications (Amended) No. 05/NA dated 16 November 2021 (the “Telecom Law 2021”) has replaced the previous...

New Licensing Requirements for Mining Service Activities

On 6 April 2022, the Ministry of Energy and Mines issued Decision No. 674/MOEM on new licensing requirements for...

Implementing Green Finance in Southeast Asia: International Practice, Local Legal Framework and Institutions

As noted in the IPCC Report “Climate Change 2022. Impacts, Adaptation and Vulnerability”, “overall adverse economic impacts attributable to...

The Ministry of Finance Postpone the Deadline for Submission of the FY2021

The Ministry of Finance of the Lao PDR is aware of the difficulty in submitting the FY2021 financial statements...

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Laos Tax Booklet 2022-2023

Laos Tax Booklet 2016

KEYWORDS

Annual Profit Tax Clean energy Commercial Banks Corporate Criminal Covid-19 Currency exchange E-Commerce Electricity Foreign currency Foreign investment Foreign ownership Foreign Trade Hydropower Import Import-Export Registration Certificate Income Tax Law Insurance Land law Life insurance Microfinance Mineral resources Minimum Wage Ministry of Energy and Mines Ministry of Finance Ministry of Industry and Commerce ("MOIC") Ministry of Labor and Social Welfare New Commercial Bank Law PIT Renewable energy Secured Transaction Law Security Law Social Security Tax Department Tax Payment Certificate Taxation Telecom Law 2021 telecommunications the Bank of Lao PDR (BOL) the Ministry of Planning and Investment ("DIP") The Monetary Policy Department of the Bank of the Lao PDR Trade Facilitation Agreement (TFA) Value Added Tax Value Added Tax (VAT)