Name | Rates of Value Added Tax to be levied |
---|---|
Description | Individuals, legal entities and organizations that operate businesses under the Value Added Tax system or representatives of the Tax Authority shall levy Value Added Tax in accordance with the following: (i) Ten percent (10%) rate is applied to goods and services that are imported, produced and consumed in Lao PDR that are subject to Value Added Tax including the export of non-finished products from natural resources; (ii) Zero per cent (0%) rate is applied to raw materials, chemical substances, equipment, machinery for production [means] that are produced domestically and imported from foreign countries that could not be produced domestically or domestic production could not meet demand that is needed in the production and investment that are registered as fixed assets. Goods, natural resources that are finished goods that are exported to foreign countries; |
Comments | - |
Validity From | 23-07-2014 |
Validity To | 31-12-9999 |
Reference | Article 16 |
Status | Active |
Measure Type | Other measures |
Agency Name | Ministry of Finance |
Legal Document | Law on Value-Added Tax (Revised Version) No. 52/NA, dated 23 July 2014 |