Update - Laos Tax Law Amendments

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…