Law on Value Added Tax (Amended)
增值税法（修订版）
ກົດໝາຍວ່າດ້ວຍ ອາກອນມູນຄ່າເພີ່ມ (ສະບັບປັບປຸງ)
Summary
This Law stipulates the rules for the collection and administration of value-added tax, clarifies the definition of value-added tax and the interpretation of related terms, and applies to entities engaged in taxable transactions within the territory of Laos. This Law aims to regulate value-added tax obligations, ensuring uniformity and transparency in tax administration.
Articles
Article 1
Article 1 (Amended) Purpose
This Law stipulates principles, systems, methods, and measures concerning the management, supervision, and inspection of value-added tax work, in order to make such work effective, promote investment, production, commercial operations, exports, and the supply of goods and services, aiming to increase state budget revenue, align with regional and international standards, and contribute to promoting national socio-economic development.
Article 2
Article 2 (Amended) Value Added Tax
Value Added Tax means: a tax levied on the value added to goods and services at the stages of importing goods, exporting goods, and supplying goods and services domestically, which is borne by the final consumer.
Value Added Tax is abbreviated as "VAT (ອມພ)".
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