The Lao government is to reduce and defer the payment of tax, customs, and other administrative fees during the covid-19 outbreak. Deputy Prime Minister Dr. Sonexay Siphandone stated that the government was taking such measures to mitigate economic effects due to the virus outbreak.
The vehicle road tax payment deadline will be extended from March 31 to June 30, while the payment of personal income tax will be exempted for low-income workers, or those earning under LAK 5 million, until June 2020.
Profit tax will be exempted for businesses earning LAK 50 million to 400 million for the second quarter of 2020.
Tourism businesses will also receive a tax deferral for three months beginning in April 2020. Entitled businesses will be determined by the Ministry of Information, Culture, and Tourism.
Tax exemptions will be applied for certain goods related to the prevention and control of the Covid-19 virus. Besides, Dr. Sonexay has recommended that pricing for utilities including electricity, water, and internet be reduced.
Commercial banks will be expected to postpone the time required to repay loans, both principal and interest. Interest rates and fees will be reduced, and banks will be required to offer new loans to debtors and affected enterprises.
Meanwhile, welfare measures are under consideration for workers who were retrenched by businesses affected by the virus outbreak.
|Thai Firm to Construct ASEAN’s Largest Wind Farm in Laos||News||2020-08-03|
|Lao Visits Laos||News||2020-07-29|
|Japan to Provide Laos with Antiviral Drug Avigan for Use Against Covid-19||News||2020-07-01|
|Thai Firm to Construct ASEAN’s Largest Wind Farm in Laos||News|
|Lao Visits Laos||News|
|Japan to Provide Laos with Antiviral Drug Avigan for Use Against Covid-19||News|
|Ministry of Labor Orders Employers to Pay Wages Despite Covid-19 epidemic||News|
|Railway Tracks Laid Through Tunnel in First for Laos-China Railway||News|
|Laos to Resume Domestic Flights, Schools, Other Restrictions Eased||News|
|Construction of the Laos-China Railway has resumed in full capacity following the return of foreign workers from China.||News|
|Lao Government To Provide Tax Breaks Amid Covid-19 Outbreak||News|
|Laos Temporarily Closes 10 Border Checkpoints with Vietnam in Huaphan For COVID-19 Prevention||News|
|Lao PDR Hosts ASEAN-China Meeting on How to Combat COVID-19||News|
|Luangnamtha Province to Become New Regional Transport Hub||News|
|Retail price of face masks has been set to keep the price at a level that people on low incomes can afford.||News|
|Laos Suspends Visas at Checkpoints Bordering China||News|
|D53 and Smart VAT2 systems have been launched officially at the first International Lao-Thai Friendship Bridge in Vientiane on 17 January 2020.||News|
|Xiengkhuang provincial authorities are preparing to notify the hotels and guesthouses in the province on lowering their price by 20% during the cerebration of 11th National Games||News|
|Public consultation meeting on draft decree on electronic commerce of the Lao PDR on 6th December 2019, at Landmark Hotel, Vientiane.||News|
|The opportunity and Challenge of Digital System Toward the Socio-Economic Development in Lao PDR||News|
|Laos Receives World Heritage Certificate for Plain of Jars||News|
|Governor of Bank of the Lao PDR Explains Reasons for "Weak KIP"||News|
|Meeting of seeking comments on draft decree on electronic commerce of the Lao PDR took place during 24-26 October 2019, at Riverea Hotel, Thakeak District, Khammaun Province.||News|