Taxation in Laos

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Laos has begun collecting a value-added tax (VAT tax) on products imported from abroad, starting first at the Thai-Lao Friendship Bridge between Nong Khai province and Vientiane.

The cabinet at a meeting Monday ratified three agreements on Avoidance of Double Taxation with Myanmar, UAE and Saudi Arabia.

Prime Minister Datuk Seri Najib Tun Razak believes Malaysia-Laos bilateral trade ties will scale greater heights in the years ahead with the signing of the double taxation avoidance agreement between the two members of the Asean regional grouping.




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