lovelaos Posted June 11, 2011 Share Posted June 11, 2011 (edited) Some very important news is coming out of Laos for foreigners intending to work in Laos. Currently foreigners pay 10% income tax, from October 1st 2011 this will change. Employees with salaries of 1 million kip or less per month will be exempt from income tax, starting from the next fiscal year which begins on October 1. According to a presidential decree approved by the National Assembly in March, Lao people earning monthly salaries of 1 million kip or less will be exempt from income tax. At present, only those earning 300,000 kip or less per month are exempt. Read more: http://www.vientianetimes.org.la/ http://jclao.com/archives/1903 Edited June 11, 2011 by metisdead Edited for fair use. Link to comment Share on other sites More sharing options...
lovelaos Posted June 11, 2011 Author Share Posted June 11, 2011 The second link has this information Link to comment Share on other sites More sharing options...
janetdoe Posted June 12, 2011 Share Posted June 12, 2011 How many foreigners will have salaries of approx. 3,000 THB a month? Very few I would imagine... When I worked in VTE a few years ago none of the expats I knew there were earning anything close to that. Link to comment Share on other sites More sharing options...
hopdafru Posted June 12, 2011 Share Posted June 12, 2011 Also, note that work permits for foreign nationals will be limited to 2 years, renewable only once AFTER a 2 year leave from the country. This will be tested in Vientiane before being rolled out in other provinces and passed into law. A circulary has been sent to Falang owned companies in Laos regarding this issue. Sorry, no link at this time. If any of you have one, please post. thanks. Link to comment Share on other sites More sharing options...
nottocus Posted June 12, 2011 Share Posted June 12, 2011 Also, note that work permits for foreign nationals will be limited to 2 years, renewable only once AFTER a 2 year leave from the country. This will be tested in Vientiane before being rolled out in other provinces and passed into law. A circulary has been sent to Falang owned companies in Laos regarding this issue. Sorry, no link at this time. If any of you have one, please post. thanks. Seems a bit tough. Link to comment Share on other sites More sharing options...
lovelaos Posted June 13, 2011 Author Share Posted June 13, 2011 How many foreigners will have salaries of approx. 3,000 THB a month? Very few I would imagine... When I worked in VTE a few years ago none of the expats I knew there were earning anything close to that. Did you read the link? What is the relevance of 3000 THB? Link to comment Share on other sites More sharing options...
lovelaos Posted June 13, 2011 Author Share Posted June 13, 2011 Also, note that work permits for foreign nationals will be limited to 2 years, renewable only once AFTER a 2 year leave from the country. This will be tested in Vientiane before being rolled out in other provinces and passed into law. A circulary has been sent to Falang owned companies in Laos regarding this issue. Sorry, no link at this time. If any of you have one, please post. thanks. Really? I can't find this information anywhere, Is your source reliable? Link to comment Share on other sites More sharing options...
anotheruser Posted June 13, 2011 Share Posted June 13, 2011 How many foreigners will have salaries of approx. 3,000 THB a month? Very few I would imagine... When I worked in VTE a few years ago none of the expats I knew there were earning anything close to that. No foreigner with a legal work permit makes only 3,000 Baht a month. Link to comment Share on other sites More sharing options...
lovelaos Posted June 16, 2011 Author Share Posted June 16, 2011 How many foreigners will have salaries of approx. 3,000 THB a month? Very few I would imagine... When I worked in VTE a few years ago none of the expats I knew there were earning anything close to that. No foreigner with a legal work permit makes only 3,000 Baht a month. Yes, and your point is? Perhaps you should read the 2nd link again. Regarding the rise in income tax for foreigner workers. Link to comment Share on other sites More sharing options...
janetdoe Posted June 16, 2011 Share Posted June 16, 2011 Yes, higher rates of income tax for foreigners isn't good for anyone. Lao government has been promoting foreign investment heavily in recent years offering tax breaks to set up businesses in remoter areas etc. - this appears a step backwards... Link to comment Share on other sites More sharing options...
anotheruser Posted June 17, 2011 Share Posted June 17, 2011 (edited) Post deleted before I say bad things about foreigners wanting to relocate to Laos. Edited June 17, 2011 by anotheruser Link to comment Share on other sites More sharing options...
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