VIENTIANE (Laotian Times): The Lao Ministry of Finance is considering raising the value-added tax (VAT) rate from 7 to 10 per cent in an effort to boost government revenue and support the economy.
The VAT set at 10 percent would be a return to the original rate – implemented from 2010-2021. It was only from 1 January, 2022, that the country adopted a 7-percent VAT rate on import of goods and services.
