The Government of Lao PDR issued the Agreement No.31, dated on 2 April 2020, on policies and measures to be implemented to mitigate the impacts of the COVID-19 pandemic on the Lao Economy. Please see the following list of the main policies and measures: 1. Tax exemption on Personal Income Tax for both Government and […]
Our active member, EY has shared that Ministry of Finance has issued its Notification No.0636/MoF dated 26 March 2020 relating to the postponement of deadline for submitting the financial report 2019. Upon the proposal of Accounting Department and considering the context of COVID-19, the Ministry of Finance has accepted to delay the official date for submission […]
As the infectious coronavirus disease (“COVID-19”) continues to spread rapidly, with more than 110,000 confirmed cases, which has prompted the World Health Organization (“WHO”) to declare the disease as a global pandemic, employers are facing a major challenge, particularly concerning health and safety risks in the workplace, travel restrictions, sick leave and benefit entitlements, and […]
The Ministry of Industry and Commerce Lao PDR (“MOIC”) released a notice for domestic and foreign investors who wish to start a business in Lao PDR, (“The Procedures to Start a Business”) dated 29 January 2020 referring to Order No. 02/PM, dated 01 February 2018 on the Improvement of Regulation and Coordination Mechanism for Doing […]
According to the New Income Tax Law No. 67/NA dated 18 June 2019 (“New Income Tax Law”) which has now been executed by the National Assembly President and promulgated by the President of the Lao PDR. It will come into force 15 days from the date of its publication in the official gazette (expected in […]
Vientiane, Tuesday 25th of February 2020 – ECCIL EuroCham Laos together with the Delegation of German Industry and Commerce in Myanmar (AHK Myanmar) hosted a Breakfast talk on “Waste and Energy Sector”, highlighting the current Waste-Management and Recycling activities of AHK Myanmar and also including a brief introduction of “the Study and Business Trip to […]
Vientiane, 21st of February 2020 – EECCIL EuroCham Laos organised Supply Chain Management Training on 20th and 21st February 2020 at Crowne Plaza. During the Training, our trainer, Dr. Thomas E. Fernandez taught attendants international concepts of Supply Chain Management and how to reduce cost of managing the supply chain and increasing profitability of the […]
Vientiane, 13th of February 2020 – ECCIL EuroCham Laos and EY Laos successfully hosted the EuroCham 2020 Finance Day. During the seminar, our speakers from EY Laos shared exclusive insights as such Accounting System, IFRS and Lao FRS, how to prepare for Audit of Financial Statement, and Tax in 2020. On behalf of ECCIL EuroCham Laos, […]
Our member DFDL Tax and Legal Services has notified that the Ministry of Finance issued a Notification (№ 0424/MOF, dated 11 February 2020) (“MOF Notification”) on the implementation of the Tax Administration Law, Income Tax Law and Excise Tax. Per the MOF Notification, the Tax Administration Law, Income Tax Law and Excise Tax is to […]
ECCIL member, VDB Loi Laos has shared the New Income Tax Law No. 67/NA dated 18 June 2019 (“New Income Tax Law”) which has now been executed by the National Assembly President and promulgated by the President of the Lao PDR. It will come into force 15 days from the date of its publication in […]
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