- Laos President issued Presidential Decree No. 003/PS to increase standard VAT rate to 10%
- Standard rate was previously reduced from 10% to 7% in 2022 to stimulate economy
- Increase to 10% will take effect after procedural requirements are completed
Source: orbitax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
