Regulations on the Administration of Goods Export and Service Foreign Exchange Income
货物出口与服务外汇收入管理规定
ຂໍ້ຕົກລົງວ່າດ້ວຍ ການຄຸ້ມຄອງລາຍຮັບເງິນຕາຕ່າງປະເທດ ຈາກການສົ່ງອອກສິນຄ້າ ແລະ ການບໍລິການ
Summary
This regulation governs the management of foreign exchange income of exporters, stipulating minimum ratios and time limits for repatriating foreign exchange to Laos by different industries and requiring the sale of part of the foreign exchange to the banking system.
Articles
Article ມາດຕາ 1
Article 1 Management of Foreign Exchange Income from Export of Goods and Services
Management of foreign exchange income from export of goods and services is the organization and implementation of principles, regulations and measures to bring foreign exchange obtained from exports into the banking and economic system in accordance with regulations.
Article ມາດຕາ 2
Article 53 Scope of Application
This agreement applies to exporters, commercial banks, and the departments of the Bank of the Lao PDR.
Article ມາດຕາ 3
Article 4 Foreign Exchange Income of Exporters
Foreign exchange income of exporters is the amount of foreign currency specified in the purchase and sale contracts of exported goods and services.
After exporting goods and services, the exporter must bring the foreign exchange income obtained from such export into the Lao PDR through a deposit account related to import-export at a commercial bank that has been certified by the Bank of the Lao PDR.
Showing the first 3 of 25 articles. Open the LaoPaniti app for the full trilingual text.
Read the full trilingual text with AI explanation in the LaoPaniti app← LaoPaniti home: AI legal Q&A · contract drafting · Chinese-Lao translation