Lao Govt considers tax to protect environment from industrial pollution
Industries that produce pollution may have to pay more taxes now that the government has embraced the National Green Growth Strategy.
Under the strategy, which Prime Minister Thongloun Sisoulith endorsed on January 30, the Ministry of Finance will impose taxes to discourage industries from producing pollution and harmful waste.
At present, industries pay corporate tax, which is calculated at 24 percent of a company’s profit, as well as excise, value-added, and income tax.
Ekaphone Phouthonesy
