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Articles by Saithong Rattana
Laos updates Law on Intellectual Property with eye on foreign investment
Since the enactment of Laos’ first Law on Intellectual Property in 2007, the country has issued periodic amendments and updates to bring the law into line with current practices and needs. The latest of these, issued in November 2023 (the 2023 Law on IP), was published in the Lao official gazette on March 1 2024. Some of the most notable changes and updates under the 2023 Law on IP are highlighted below.
Laos Issues Updated Law On Intellectual Property
On March 1, 2024, the Lao official gazette published the newly amended Law on Intellectual Property No. 50/NA, dated November 20, 2023 (the "2023 Law on IP"). The timing of this update is consistent with Laos' history of providing regular revisions to the country's IP legislation since the enactment of the first Law on Intellectual Property by the National Assembly in 2007 (the "2007 Law on IP"). These revisions include amendments in 2011, 2017, and now 2023.
Laos Issues Updated Law on Intellectual Property
On March 1, 2024, the Lao official gazette published the newly amended Law on Intellectual Property No. 50/NA, dated November 20, 2023 (the “2023 Law on IP”). The timing of this update is consistent with Laos’ history of providing regular revisions to the country’s IP legislation since the enactment of the first Law on Intellectual Property by the National Assembly in 2007 (the “2007 Law on IP”). These revisions include amendments in 2011, 2017, and now 2023.
Lao customs expands border measures to protect IP rights
Every country has its own customs measures in place to monitor goods crossing its borders. These measures are implemented by customs departments and other government agencies that facilitate international trade by checking shipments and collecting taxes on goods that enter and leave the country. Laos is one of the many countries that have sought to create a favourable environment for operators to export, transit, move, and store goods.
VAT Reduced To 7% Under Amendments To Lao Tax Laws
In the last week of December, 2021, the Ministry of Justice published the Law Amending Certain Provisions of the Laws on Tax No. 01/NA, dated August 7, 2021, in the Government Gazette. The Law will come into force on January 1, 2022. The most notable amendments relate to Value Added Tax (VAT), which are summarized below. The new law also makes changes to the laws on tax management, income tax, and excise tax, which Tilleke & Gibbins will provide updates on in due course.
VAT Reduced to 7% under Amendments to Lao Tax Laws
In the last week of December, 2021, the Ministry of Justice published the Law Amending Certain Provisions of the Laws on Tax No. 01/NA, dated August 7, 2021, in the Government Gazette. The Law will come into force on January 1, 2022. The most notable amendments relate to Value Added Tax (VAT), which are summarized below. The new law also makes changes to the laws on tax management, income tax, and excise tax, which Tilleke & Gibbins will provide updates on in due course.
Laos Sets Out Rules For Securing Investment Promotion Incentives
Lao Peoples Democratic Republic: Laos Sets Out Rules For Securing Investment Promotion Incentives 22 June 2021 by Dino Santaniello and Saithong Rattana Tilleke & Gibbins To print this article, all you need is to be registered or login on Mondaq.com. Laos has issued important new guidelines on obtaining investment promotion incentives in the country.
Laos Opens Real Estate Investment Opportunities To Foreigners
To print this article, all you need is to be registered or login on Mondaq.com. On August 12, 2020, the amended Law on Land No. 70/NA, dated June 21, 2019 was published in the Official Gazette of the Lao Ministry of Justice, replacing the previous amendment of the law from 2003. The new law introduces significant changes to the country's current real estate regulatory framework, and provides legal means to boost investment in and development of the country's real estate sector.
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