27 April 2022
From 1 January 2022, the Southeast Asian country of Laos imposed VAT on the sale of e-services to local consumers by non-resident businesses.
Prior to January 2022, non-resident businesses providing digital services in Laos did not have to charge VAT on their sales. However, to remove the unfair advantage this gives to non-resident companies over resident providers, the local tax authorities confirmed that VAT will be charged at 7% on these types of transactions.
This new tax requires foreign providers of electronic services to register if they exceed a 12-month threshold of LAK 400 million (approx. £26k) and will apply to a range of electronic services including streaming games, music, apps, films, e-books, e-journals, software, and internet services.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.
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