Information about Laos Minimum wage and taxes.
The minimum wage in Laos has been set at 45,000 Lao kip per day as of 2021. This wage is generally valid for workers working in fields such as agriculture, construction and the service sector. As for tax rates, Laos has an income-based tax system. Income tax rates vary depending on income earned. Below you can find the income tax rates valid for 2021: - Tax rate 5% for income up to 1,000,000 Lao kip - Tax rate 10% for income between 1,000,001 - 4,000,000 Lao kip - Tax rate 15% for income between 4,000,001 - 20,000,000 Lao kip - Tax rate for income between 20,000,001 - 50,000,000 Lao kips is 20% - Tax rate for income of 50,000,001 Lao kip and above is 24% Additionally, there are social security contributions in Laos. Employers and employees are obliged to pay a certain percentage of the salary towards social security contributions. These premiums cover risks such as health insurance, retirement and work accidents. Tax and social security regulations in Laos may change from time to time, so it is recommended that you consult the competent tax and social security authorities for accurate and up-to-date information.
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