As previously reported, Laos has published tax law amendments including changes in the corporate and individual income tax rates. The amendments are provided in Tax Law No. 67/NA, which replaces Tax Law No. 70/NA of 2015 and is effective from 17 February 2020.
In addition to a reduction in the standard corporate tax rate from 24% to 20%, other corporate rate changes include:
- a reduction in the tax rate for companies engaged in tobacco activities from 26% to 22%;
- the introduction of a reduc…