Government

Taxation

Tax exemptions on diamonds, emeralds and gold approved

The Pyidaungsu Hluttaw agreed on Tuesday to stop levying special commodity tax on diamonds and emeralds, as well as commercial tax on gold nuggets. “As those items should be exempted from taxes, Hluttaw agreed to it.” Public Account Joint Committee Member and Kayin State, Hlaing Bwe ...

Improve implementation of tobacco tax policies, ASEAN urged

ASEAN governments should do more to make their tobacco tax policies more effective, not only for health reasons but also for the budget generation.Keep reading ...

MoF maintains raw iron export tax

The price of refined iron ore is 200 times more expensive than the raw iron ore for exporting, therefore, reducing the export tax on raw iron ore is unreasonable and discouraging investments in ore sorting technology, according to the Ministry of Finance (MoF).Keep reading ...

Negative income tax under study

Finance Minister Apisak Tantivorawong said on June 8 that his ministry was studying ways to pay for the proposal. In May, the Cabinet approved a Bt50 billion assistance package for low-income earners. The government is considering whether funds from this package could help pay for the ...

Pyithu Hluttaw nod for increased land, water, embankment tax

A proposal urging the Union government to increase land, water and embankment taxes on farmers to be compatible with the times has been approved by the Pyithu Hluttaw on May 22. It was submitted by Ayeyarwady Region, Thapaung township Hluttaw MP U Thein Tun during ...

SMEs urged to comply with tax changes

The majority of small and medium enterprises are still unaware of how to comply with new tax regulations that came into force at the end of last year, according to an Economy Ministry official. Srun Angkaren, a deputy director in the general department of taxation, ...

Airline tax to help clean up Cambodia

The government is looking at ways to tackle Cambodia’s waste problem with a $1 charge on airline tickets touted to raise the cash. The move comes after footage emerged showing the capital’s canals remain clogged with rubbish a year after video of the pollution was shown ...

NLA proposes VAT hike to 8 per cent

The National Legislative Assembly has agreed that the value-added tax should be increased from 7 per cent to 8 per cent. However, the final decision on the tax hike will be made by the Cabinet after the NLA submits its proposal for approval.  The proposed VAT ...

Vehicle owners to pay higher road tax in August

The Ministry of Finance will start to issue 2017 road tax stickers in August, but vehicle owners will be paying more this year. The percentage increase is not yet known but the Tax Department is currently accepting comments from the National Assembly. Some Assembly members ...

Govt tightens spending to reduce debt burden

The government has announced that some new development projects planned for this year could be postponed until next year if Laos faces a revenue shortfall in 2017. The government is also committed to tightening budget expenditure by trimming its administrative budget and, if they are ...

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