Laos Raises Excise Tax Rates to Reduce Imports and Promote Electric Vehicles

• Laos has raised excise tax rates for certain goods
• The increase is aimed at discouraging imports of non-essential products and reducing the outflow of foreign currency
• The specific products and tax rates are listed in a table
• The new rate policy aligns with efforts to encourage payment in local currency and prioritize imports of essential goods
• The increased tax rates on fuel-powered vehicles reflect the government’s commitment to transitioning to electric vehicles and reducing fuel imports.

Source: tilleke.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.

---

---