Decree of the President of the Lao People's Democratic Republic on Adjusting Excise Tax Rates for Certain Goods
老挝人民民主共和国国家主席关于调整部分商品消费税税率的法令
ລັດຖະບັນຍັດ ຂອງປະທານປະເທດ ແຫ່ງ ສາທາລະນະລັດ ປະຊາທິປະໄຕ ປະຊາຊົນລາວ ວ່າດ້ວຍການປັບປຸງອັດຕາອາກອນຊົມໃຊ້ຂອງບາງປະເພດສິນຄ້າ
Summary
The President of the Lao People's Democratic Republic has issued a decree temporarily increasing the excise tax rates on certain taxable goods, including automobiles, alcoholic beverages, beer, tobacco, finished beverages, and gaming machines, as a measure to reduce foreign currency outflows, promote thrift, curb extravagance and waste, and ensure the full collection of excise tax revenues.
Articles
Article 1
Based on: the Constitution of the Lao People’s Democratic Republic, No. 63/National Assembly, dated December 8, 2015;
Based on: the Law Amending Certain Provisions of the Tax Law, No. 01/National Assembly, dated August 7, 2021;
Based on: the Resolution of the Standing Committee of the National Assembly, No. 286/Standing Committee of the National Assembly, dated September 25, 2023;
Based on: the Submission Letter of the Standing Committee of the National Assembly, No. 30/Standing Committee of the National Assembly, dated September 25, 2023.
The President of the Lao People’s Democratic Republic hereby issues this Decree:
Article 2
Purpose
This Decree stipulates an increase in the consumption tax rate for certain taxable goods, which are subject to consumption tax as provided in Chapter II of the Law on Amending Certain Provisions of the Tax Law / Article 15 of the Consumption Tax Law. The consumption tax rate shall be temporarily applied until the Consumption Tax Law is amended, as a measure to reduce foreign exchange outflow, enhance savings, combat waste, and ensure that consumption tax revenues are fully and completely collected into the state budget, contributing to the country's economic and social development.
Article 3
Categories of Goods Subject to Adjusted Consumption Tax Rates
The categories of taxable goods subject to adjusted consumption tax rates are as follows:
1. Vehicles using fuel oil (limited to jeeps and sedans);
2. Alcoholic beverages or alcohol-containing drinks;
3. Beer;
4. Tobacco;
5. Finished beverages;
6. Coin-operated game machines, various types of game machines, and various types of legally licensed gambling game machines.
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