Invoicing and Tax regulation in Laos

Invoicing Regulation in Laos

In Laos, invoicing regulations require that all taxable entities issue an invoice for goods or services supplied. This mandate applies to both B2B and B2C transactions. Invoices must detail the goods or services provided, VAT amount charged, exemptions if applicable, and the supplier's tax details.

Real-Time Reporting / Fiscalization in Laos

As of now, Laos does not have enforced regulations regarding real-time reporting or fiscalization for B2B, B2C, or B2G transactions. However, all transactions must be properly documented for audit trail purposes.

E-Invoicing in Laos

E-Invoicing is not mandatory in Laos. Businesses are free to use paper or electronic invoices. However, the use of e-invoicing is becoming increasingly popular due to its effectiveness in reducing costs and enhancing efficiency in record-keeping.

VAT/GST/Tax Compliance in Laos

Tax compliance in Laos includes adherence to the regulations associated with Value Added Tax (VAT). The standard VAT rate in Laos is 10% for general goods and services. Businesses selling goods and providing services need to charge this rate to their customers, both B2B and B2C. B2G transactions are generally exempt from VAT. Regarding tax compliance, businesses in Laos are required to submit monthly tax returns and make tax payments accordingly.

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