The Laos National Assembly has reportedly approved and published tax law amendments on 3 February 2020 that provides for a cut in the corporate and individual income tax rates. This includes a reduction of the standard corporate tax rate from 24% to 20% and changes in the individual income tax brackets and rates as follows:

• up to LAK 1,300,000 - 0%
• LAK 1,300,001 - 5,000,000 - 5%
• LAK 5,000,001 …