The Corporate Tax Rate in Laos stands at 24 percent. source: Ministry of Finance

Corporate Tax Rate in Laos averaged 27.08 percent from 2009 until 2020, reaching an all time high of 35 percent in 2010 and a record low of 24 percent in 2013. This page provides - Laos Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Laos Corporate Tax Rate - values, historical data and charts - was last updated on May of 2021.

Corporate Tax Rate in Laos is expected to reach 24.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Laos Corporate Tax Rate is projected to trend around 24.00 percent in 2021, according to our econometric models.

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Laos Corporate Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
24.00 24.00 35.00 24.00 2009 - 2020 percent Yearly

Laos Taxes Last Previous Highest Lowest Unit
Personal Income Tax Rate 25.00 24.00 28.00 24.00 percent [+]
Corporate Tax Rate 24.00 24.00 35.00 24.00 percent [+]
Sales Tax Rate 10.00 10.00 10.00 10.00 percent [+]
Social Security Rate 11.50 11.50 11.50 9.50 percent [+]
Social Security Rate For Companies 6.00 6.00 6.00 4.50 percent [+]
Social Security Rate For Employees 5.50 5.50 5.50 4.50 percent [+]

Laos Corporate Tax Rate
In Laos, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Laos.