| Laos gaming taxes to be raised |
| The gaming industry is often considered as a major cash register to take money from. That’s why the Laos government may rise gaming taxes through a recently introduced draft law. Deputy Prime Minister and Minister of Finance Somdy Douangdy introduced the bill to the Lao National Assembly, Vientiane Times reported. The levy on casinos and casino gaming would increase by 15%, up from 35% to 50% as of January 2020. The government is looking to change several regimes on a major piece of legislation. That would heavily impact the Laos gaming industry with increased taxes. The proposal is part of many taxation increases to products and services the authorities consider “unnecessary.” (2019/7/09) |
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