Check this section of the DFDL COVID-19 Resource Hub for issues specifically affecting your legal and tax situation in Lao PDR.
This publication is part of our series focusing on Corporate Insolvency Regime in consideration of the COVID-19 outbreak in Southeast Asian countries. Last month, DFDL published the first series (link here) of tailor-made FAQ on restructuring and insolvency regime that businesses and stakeholders need to keep track of in Myanmar, Philippines, and Thailand. The purpose...Read more »
Earlier this month, the DFDL Employment & Labour Team organized a well-attended webinar on Workforce Restructuring in Cambodia, Lao PDR, Myanmar, Thailand & Vietnam. Our experts shared their insights with the audience on ways to minimize COVID-19 related labour challenges in compliance with local law as well as practical steps and considerations when implementing options...Read more »
The Ministry of Finance has issued an additional Notification (No. 1061/MOF, dated 22 April 2020) providing taxpayers with an exemption from penalties for late filings and payments of taxes as follows: Exemptions from penalties of 0.1% of the tax due for each day of delay and the LAK 500,000 for late filings and payments of...Read more »
Due to the continuation of the COVID-19 crisis in the Lao PDR, the Ministry of Finance has issued a second Notification (No. 0764, dated 21 April 2020), replacing the Notification No. 0636, dated 26 March 2020, to further postpone the filing date of the financial statements for 2019 to 29 May 2020 (from the first postponed filing...Read more »
Ministry of Finance Issues New Notification Announcing Personal Income Tax Exemptions to Mitigate the Impacts of COVID-19 The Ministry of Finance of the Lao PDR issued a new Notification (No. 1027/MOF) on 10 April 2020 to implement the Prime Minister’s Decision on Policies and Measures to Mitigate Impacts Caused by the COVID-19 global pandemic. The...Read more »
To mitigate and assist businesses that are affected by the COVID-19 outbreak, the Prime Minister has issued Decision No, 31/PM, dated 2 April 2020) on Policies and Measures to Mitigate Impact from COVID-19 to the Lao Economy. The Decision provides for policies, measures and instructions for implementation. We provide below a brief summary of the key take...Read more »
Due to the current COVID-19 outbreak in Lao PDR, the Ministry of Finance of the Lao PDR has issued a Notification (No. 0636/MOFA, dated 26 March 2020) to postpone the filing due date of the financial statements for 2019 to 30 April 2020 (from the filing due date of 31 March 2020). If the outbreak...Read more »