The Laos National Assembly has reportedly approved and published tax law amendments on 3 February 2020 that provides for a cut in the corporate and individual income tax rates. This includes a reduction of the standard corporate tax rate from 24% to 20% and changes in the individual income tax brackets and rates as follows:
- up to LAK 1,300,000 - 0%
- LAK 1,300,001 - 5,000,000 - 5%
- LAK 5,000,001 - 15,000,000 - 10%
- LAK 15,000,001 - 25,000,000 - 15%
- LAK 25,000,001 - 65,000,000 - 20%
- over LAK 65,0…