Name | Obligations of Investors toward the State |
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Description | Investors must: 1. Pay taxes, duties, fees, charges in full and timely according to relevant laws and regulations; 2. Hold accounting as per Accounting Law of Lao PDR, in case of necessity, international accounting system may be used subject to approval by the finance authority of Lao PDR; 3. Cooperate and coordinate well with local authorities in business activities; 4. promote employment of Lao labour especially women and ethnic people; pay attention to the development of labour skills, upgrade the level of specialty and transfer technology to Lao employees; 5. Contribute the budget to support tasks of monitoring, inspection over investment projects. 6. Summarize and report their business operation on a quarterly, semi-annually and annual basis to the investment one-stop-service office and relevant sector authorities. 7. Perform other obligations as set out in laws and regulations. |
Comments | - |
Validity From | 17-11-2016 |
Validity To | 31-12-9999 |
Reference | Article 72 |
Status | Active |
Measure Type | Administrative Requirements |
Agency Name | Ministry of Planning and Investment |
Legal Document | Law on Investment Promotion (Amended) No.14/NA, dated 17 November 2016 |