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Laos Introduces Tax Relief Measures to Counter Impact of COVID-19

|Approved Changes|Laos
Laos

The Laos Prime Minister has reportedly issued Decision No. 31/PM of 2 April 2020, which introduces tax relief measures to counter the impact of the COVID-19 pandemic. The main measures include:

  • An income tax exemption on salary income of employees for salaries up to LAK 5 million during the period April to June 2020;
  • An income tax exemption on income of micro enterprises (annual income below LAK 400 million) for the period April to June 2020;
  • An exemption from import duties, taxes, and other…

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