News

May 12, 2020 News

COVID-19, Contracts, and Force Majeure

The COVID-19 pandemic continues to cause disruptions to various businesses in Laos : in this case, is the COVID-19 be considered as a Force Majeure event? Please download a paper conducted by ECCIL EuroCham Laos to answer this question Download
May 5, 2020 News

BFL BRED Group: new Platinum sponsor

Welcome BFL BRED Group as our Platinum Sponsor! BFL BRED Group was established in October 2008 as the first European bank in Lao PDR. BFL BRED Group provides a wide array of services ranging from retail and business banking to corporate banking, private banking, asset management, insurance, FX, all kinds of investment or hedging solutions, and took [...]
April 11, 2020 News

Measures from the Notification No.1027/MOF on Personal Income Tax exemptions

The Ministry of Finance issued the Notification No.1027, dated on 10 April 2020, further the Prime Minister’s Decision No.31, on measures to mitigate the impact of the COVID-19 outbreak. This Notification announces tax exemptions on personal income. Please find below the main points of the Notification, summarized by our member DFDL: Salaries of LAK 5 […]

April 8, 2020 News

Economic impact of the COVID-19 outbreak: Results of the survey

In March 2020, ECCIL EuroCham Laos conducted a survey to map out the expected economic impacts with European businesses active in Lao PDR. The purpose of the survey is to address concerns to the Government of Lao PDR and to seek ways in which the authority may provide support. This study surveyed 56 representatives of […]

April 7, 2020 News, Uncategorized

White papers – Hospitality Sector

ECCIL EuroCham Laos together with members operating in the Hospitality sector, have produced a paper on measures that can help the industry to mitigate the impacts of the COVID-19 outbreak. The document has been delivered to the Ministry of Information, Culture and Tourism. Please click to download the white papers: English version | Lao version […]

April 2, 2020 News

Measures from Agreement No.31of the Prime Minister

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 […]

March 31, 2020 News

Extension Deadline for Submitting the Financial Statement FY 2019

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 […]

March 17, 2020 News, Uncategorized

Coronavirus: What Employers Should Know

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 […]

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