25 Nov 2016
LAOS: Investment Concession Period Cut to 50 Years, as New Tax Incentives Offered in Rural Areas
The investment concession period provided by the Lao government has been cut from 99 to 50 years, although the duration may be extended in certain circumstances. The change has been introduced in line with the government’s policy of placing greater scrutiny on the activities of overseas investors.
Coinciding with the cut to the concession period, a number of new tax incentives have been introduced. Primarily aimed at boosting investment in the country’s less-developed and rural areas, all investors in the education, health and agriculture sectors in such regions will enjoy tax exemptions on profits for up to 10 years.