Laos is a socialist state and the only landlocked country in Southeast Asia. Located at the heart of the Indochinese peninsula, Laos is bordered by Myanmar (Burma) and China to the northwest, Vietnam to the east, Cambodia to the southwest, and Thailand to the west and southwest.

Capital: Vientiane

Currency: Kip

Timezone: UTC+7

Corporate tax rate: 24%

Personal tax rate: 0-24%

Capital gains tax: 10% on difference between buying and selling price.

VAT: 10%

Tax residence: Residency is not defined for tax purposes. A person living in Laos is considered a tax resident and taxed on worldwide income.

CFC Rules: No

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