1 Sept 2016
LAOS: Eight Year Tax Holidays and Suspension of Land Lease Fees Head New Deal for Investors
Eight year tax holidays for investors in rural areas are to be introduced under new legislation designed to boost investment across the country. The new regulations - Amendments to Laos’ Investment Promotion Law - also grant exemption from import tariffs for raw materials intended for use in certain specified sectors and the suspension of land lease fees for up to 15 years for companies engaged in the education or public health sectors.
The legislation has now been submitted to the National Assembly for debate and is expected to be enacted in October.