Thursday, 21 September 2017
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laos - Tax & Revenue

Governmentt orders Cut in Lotteries

The government has called for a cut in several types of lotteries issued by the Lao Development Lottery State Enterprise, including the football lottery, following public complaints about the country having too many lotteries.
Date: 19 August 2017; Type: Tax News; Source: Vientiane Times

Value-added Tax to replace Guesswork in raising Revenue from SMEs

The Ministry of Finance is in the process to introduce a value-added tax (VAT) on Small and Medium sized Enterprises (SMEs) after the scheme was implemented successfully elsewhere over the past seven to eight years.
Date: 14 August 2017; Type: Tax News; Source: Vientiane Times

Vehicle Owners to pay higher Road Tax in August

The Ministry of Finance will start to issue 2017 road tax stickers in August, but vehicle owners will be paying more this year.
Date: 16 May 2017; Type: Legal News; Source: Vientiane Times

New Law offers Incentives to attract Investment

A newly-amended Investment Promotion Law has recently been promulgated, offering a variety of incentives to attract investment in both promoted sectors and hardship areas. Businesses investing and operating in hardship communities (known as Area I), where infrastructure has not yet been developed, will enjoy favourable profit tax exemptions ov ...
Date: 10 April 2017; Type: Legal News; Source: Vientiane Times

Finance Ministry to probe Sources of Revenue

The Ministry of Finance is re-inspecting and clearly defining sources of national revenue to enable the country to accomplish its 2017 target for revenue collection.
Date: 15 January 2017; Type: Tax News; Source: Vientiane Times

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Malaysia-Thailand to ink MoU on Security Cooperation

BANGKOK, Sept 20 (Bernama) - There will be closer security cooperation between Malaysia and Thailand with the establishment of a Joint Committee on Security Cooperation, according to a cabinet resolution document released by the Thai government.

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ASEAN enhances Coordination to tackle Cyber Threats

SINGAPORE, Sept 18 (Bernama) - ASEAN member states have agreed on the importance of enhancing coordination to ensure that its cybersecurity efforts across various platforms in countering increasingly sophisticated cyber threats are focused, effective and in synergy with one another.

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Govt opens Centres to register Lao Workers in Thailand

Laos and Thailand have agreed to cooperate more closely to assist Lao workers in Thailand who hold a passport but whose temporary work permit has expired.

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Revenue Rise foreshadowed after Survey reveals Tax Dodging

Taxation revenue to the government is set to increase by 10 percent as a result of a na tionwide survey to identify and update such sources, the Deputy Minister of Finance has said.

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ASEAN to promote Trade with Russia and EAEU

Jakarta (ANTARA News) - ASEAN Economic Ministers agreed to expand trade with Russia and those grouped in the Eurasian Economic Union (EAEU).

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Conclusion of the ASEAN-Hong Kong, China Free Trade Agreement (AHKFTA) and the ASEAN-Hong Kong, China Investment Agreement (AHKIA)

The Economic Ministers of ASEAN and Hong Kong, China (HKC) announced the conclusion of the ASEAN-HKC Free Trade Agreement (AHKFTA) and the ASEANHKC Investment Agreement (AHKIA) at the Second ASEAN Economic Ministers (AEM)-HKC Consultations held on 9 September 2017 in Pasay City, the Philippines.

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ASEAN Meet explores Issues related to Tariff Commitments, Rules under ATIGA

KUALA LUMPUR, Sept 12 (Bernama) - The discussions on Association of South-East Asian Nations' (ASEAN) internal economic-related affairs, which were held in the Philippines at the 31th ASEAN Free Trade Agreement Council, explored issues related to tariff commitments and applicable rules under the ASEAN Trade in Goods Agreement (ATIGA).

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City Authorities register Foreign Workers

Vientiane labour authorities have opened centres to register the foreign workforce in the capital, aiming to issue temporary work permits for those who are currently working illegally.

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ASEAN-Korea Free Trade Area increases Bilateral Trade by 92.3 per cent

KUALA LUMPUR, Sept 10 (Bernama) - Bilateral trade between ASEAN and South Korea has increased by 92.3 per cent to US$118.84 billion in 2016 from US$61.81 billion in 2006 since the ASEAN-KOREA Free Trade Area (AKFTA) took effect in 2007.

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ASEAN MSMEs need More Financial, Technical Support: Study

MANILA - While the Association of Southeast Asian Nations (ASEAN) has available programs and pushing for policies that will boost micro, small, and medium enterprises (MSMEs), the region needs to introduce more financial and technical support to MSMEs, an ASEAN study said.

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ASEAN urged to widen Development through Inclusive Business

MANILA - The 10-member states of the Association of Southeast Asian Nations (ASEAN) are enjoined to promote inclusive business model in the region in order to achieve greater impact of development and reach the bottom of the pyramid.

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Asean Members give Further Boost to Single Aviation Market

Air transport officials of Asean member state countries will work to build up the Asean Single Aviation Market, which is seen as one of the key milestones in developing the Asean Economic Community.

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