Government to Tax Land Title Transfers

0 by / on 30/01/2013, 12:50 pm / in Business, Money, Tax

Laos is in the middle of a property boom, and it has caught the attention of the tax collectors and legislators. The result: a 5% income tax on the sale or transfer of land and/or buildings (real property) introduced in the Amended Tax Law No. 05/NA, dated December 20 2011 (amended tax law). This new obligation takes aim at individual taxpayers; taxpayers which have historically enjoyed tax-free gains on real property […]

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