Lao: Presidential Decree on the Adjustment of VAT Rate from 7% to 10%

DFDL Lao PDR

21st March 2024

The President of the Lao PDR has issued Presidential Decree, No. 003/PS, on the Adjustment of the VAT rate from 7% to 10%. The Presidential Decree states that it will become effective from the date of signature, 19 March 2024.

The President of the Lao PDR has issued Presidential Decree (No. 003/PS, 19 March 2024) on the Adjustment of the VAT rate from 7% to 10%.

The Presidential Decree states that it will become effective from the date of signature (19 March 2024).

For the Presidential Decree to be effective, it must be published in the Lao Official Gazette.

As of today, 21 March 2024, this Presidential Decree has yet to be published in the Lao Official Gazette.

We will provide further updates shortly.

The information provided here is for information purposes only and is not intended to constitute legal advice. Legal advice should be obtained from qualified legal counsel for all specific situations.

Contact us

Jack Sheehan
Partner and Head of Regional Tax
jack.sheehan@dfdl.com

Senesakoune Sihanouvong
Partner, Lao PDR
senesakoune.sihanouvong@dfdl.com

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DFDL Lao PDR

Laos PR
https://www.dfdl.com/locations/lao-pdr/

DFDL was established in 1994 in the Lao PDR and was built on a unique vision: to create an integrated legal and tax firm with in-depth knowledge of our jurisdiction so as to provide technical excellence across our core areas of expertise.

Our Lao office has the experience and insights to assist clients to navigate the complexities of this emerging market and to provide commercially-focused advice, based on over twenty years of experience in this jurisdiction.

Described in Legal 500 as being “very professional” and offering “excellent local experience and expertise”, DFDL’s Lao and foreign advisers have an outstanding reputation for offering focused legal services covering a broad scope of legal issues.

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