The Ministry of Planning and Investment and the World Bank have agreed to work together to mitigate the economic impact of the Covid-19 crisis and to discuss a policy framework for the recovery of the economy, strengthen macroeconomic stability and promote sustainable growth, especially during the implementation of the 9th National Socio- Economic Development Plan […]
The Ministry of Finance has issued an additional Notification (No. 1061/MOF, dated 22 April 2020) providing taxpayers with an exemption from penalties for late filings and payments of taxes which DFDL has summarised as follows: Exemptions from penalties of 0.1% of the tax due for each day of delay and the LAK 500,000 for late […]
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 […]
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 […]