Laos Proposes Tax Relief for Small Businesses Under Revised Income Tax Law
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Laos Proposes Tax Relief for Small Businesses Under Revised Income Tax Law
On 24 June, Laos proposed amending the Income Tax Law to exempt unprofitable small businesses from taxes, aiming to ease their burden and improve tax efficiency, Finance Minister Santiphab Phomvihane said. Under the new system, micro-enterprises would be allowed to deduct operational expenses before calculating their tax obligations, shifting away from the current income-based model. […]
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