Law on Tax Administration (Amended version) No 66 / NA date 17 June 2019 aims to define the principles, procedures, and measures of income tax. The definition has a purpose to correct and collect potential revenue in order to be transparency, fair and contributed to developing and strengthening socio-economics. The purpose intends to uniform, centralize and encourage individuals or organizations in paying taxes efficiently and effectively.
The Tax Administration is the implementation of tax rules, regulations and measures, which are the tools in adjusting the national economy with the development of modern management systems, establishing a standard business and revenue databases in completing tax collection. The system will improve the quality of services and facilities and track the payment of tax administration.
The Tax Administration payments are the obligation of any individuals, legal entity or organization that have income or income from the business, consumption of goods or services, use of land and other property and activities in the Lao PDR and abroad, as required by law.
In the case of tax exemptions or deductions as follows:
1. In accordance with the convention on the elimination of repeating taxation and preventing of income tax evasion and other treaties to which the Lao PDR is a party;
2. Subject to the provisions of the Investment Promotion Law and other applicable laws;
3. Resolutions of the National Assembly for nationally important and necessary projects on the basis of government proposals;
4. Resolutions of the National Assembly for urgent projects in the event of disasters or natural disasters such as storms, diseases, floods, droughts, earthquakes, and other catastrophic events, and some of the national infrastructures for regional integration and integration.
Law on Tax Administration (Amended version) No 66 / NA date 17 June 2019 is available in Lao only, please click.
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