The President of the Lao PDR has issued Presidential Decree (No. 003/PS, 19 March 2024) on the Adjustment of the VAT rate from 7% to 10%.
The Presidential Decree states that it will become effective from the date of signature (19 March 2024).
For the Presidential Decree to be effective, it must be published in the Lao Official Gazette.
As of today, 21 March 2024, this Presidential Decree has yet to be published in the Lao Official Gazette.
We will provide further updates shortly.
The information provided here is for information purposes only and is not intended to constitute legal advice. Legal advice should be obtained from qualified legal counsel for all specific situations.
Jack Sheehan
Partner, Head of Regional Tax
Thailand
Jack is a Partner and Tax Leader at the firm.
Senesakoune Sihanouvong
Partner
Lao PDR
Senesakoune is a highly experienced member of the Lao Bar Association with recognised expertise in Lao tax issues.
