2018老挝税务简报（英文版）

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1、InternationalTaxLaosHighlights2018Investmentbasics:declarationandpaymentmaybesubjecttoamandatoryprofittax,whichisdeemedtobetheannualgrossprofitCurrency–LaoKip(LAK)multipliedbytheprofitratioforeachtypeofactivityandForeignexchangecontrol–Foreignenterprisesmaymultipliedbytheprofittaxrate.depositbothLA

2、KandforeigncurrenciesintheirbankTaxationofdividends–Dividendsaresubjecttoa10%accountsundertheenterprise’sname.TheBankofLaoswithholdingtaxatthetimeofpayment,butdividendrestrictsdomesticpaymentsinforeigncurrenciesandincomeisnotsubjecttoprofittax.limitsthefundsexchangedfromLAKtoforeigncurrencies.Capit

3、algains–Incomefromthesaleofshares(otherthanshareslistedonthesecuritiesexchange,whichareAccountingprinciples/financialstatements–Laoexemptfromtax)issubjecttoincometax(ratherthanAccountingSystem(LaoGAAP).Laospermitstheuseofprofittax)atarateof10%onthedifferencebetweentheIFRSforsomedomesticlistedcompan

4、ies.Financialpurchasepriceandthesellingpriceifrelevantsupportingstatementsmustbefiledannually.evidencecanbeprovided;otherwise,arateof2%isPrincipalbusinessentities–Thesearetheimposedonthesellingprice.public/privatelimitedcompany,partnership,individualIncomefromthesaleoflandandfromtransfersoflandente

5、rprise(soleproprietorship)andbranchofaforeignuserights,structuresorlandthathasstructuresiscompany.subjecttoincometaxatarateof5%onthedifferenceCorporatetaxation:betweenthepurchasepriceandthesellingpriceifrelevantsupportingevidencecanbeprovided;otherwise,Residence–Thereisnogeneraldefinitionofresidenc

6、earateof2%isimposedonthesellingprice.fortaxpurposesinLaos.EntitiesincorporatedunderLaoslawgenerallyaretaxedontheirworldwideincome,Losses–Taxpayersthatfollowanaccountingsystemregardlessofthesource.ForeignentitiescarryingonamaycarryforwardlossesforthreeyearsiftheyobtainbusinessinLaosaresubjecttotaxon

7、theirincomeapprovalfromthetaxauthorities.ThecarrybackoflossesderivedinLaos.isnotpermitted.Basis–TherearenoprovisionsthatspecifywhetherRate–Thestandardprofittaxrateis24%;however,ataxationappliesonaterritoria