Looking Back: 2020
In 2020, in order to reduce the impact of the COVID-19 pandemic on businesses, various legal and regulatory changes have been introduced. 2020 has also seen foreign nationals being permitted to own condominiums, and the Lao Civil Code 2020 and the amended Law in Insurance coming into operation.
In addition, Laos' Tax Law has been repealed and replaced by the Law on Tax Administration, the Law on Income Tax, and the Law on Consumption Tax to enhance tax administration in Laos.
Gazing Into: 2021
In addition, Laos' Tax Law has been repealed and replaced by the Law on Tax Administration, the Law on Income Tax, and the Law on Consumption Tax to enhance tax administration in Laos.
In addition, the following key trends and/or developments are to be noted:
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promoting the development of small and medium-sized enterprises (SMEs);
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opportunity and challenge of digital system toward the socio-economic development in Laos;
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Official Launch of Transmission Lines Connecting Laos to Cambodia; and
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Lao Visits Laos (Lao Thiao Lao) - While the tourism industry in Laos has been affected by the loss of international visitor arrivals, a domestic tourism campaign called "Lao Visits Laos" ("Lao Thiao Lao") is beginning to take shape. The Lao Thiao Lao Marketing Campaign kicked off recently to promote domestic tourism.
Full Report
Click on the link below for the full report which provides summaries of the key legal and case law developments related to the above areas:
