Laos Tax Tables 2024 - Tax Rates and Thresholds in Laos

This page contains the tax table information used for the calculation of tax and payroll deductions in Laos in 2024. These tax tables are used for the tax and payroll calculators published on iCalculator™ LA, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Laos or would like to add to or suggest amendments to the information herein then please contact us.

Laos Personal Income Tax Tables in 2024

The Income tax rates and personal allowances in Laos are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Laos Tax Calculator 2024.

In Laos, social security contributions made by employees are deductible for the purpose of calculating taxable income. This means that the amounts contributed towards the social security system by employees can be subtracted from their gross income before personal income tax is calculated. This provision helps to reduce the taxable income of employees, potentially lowering their overall tax liability. By allowing these deductions, the Laotian tax system acknowledges the importance of social security contributions and provides a form of financial relief to employees, encouraging participation in the social welfare system.

Laos Social Security and Payroll Deduction Rates in 2024

In Laos, the social security system is designed to provide protection and support to employees in the workforce, covering a range of benefits from healthcare to retirement. Contributions to this system are made by both employers and employees, ensuring a collective effort towards the welfare of the working population.

Healthcare and Medical Benefits: Contributions fund healthcare services for employees, offering access to medical treatment, hospitalization, and preventive care. This ensures that workers have support in managing health-related issues, contributing to a healthier and more productive workforce.

Retirement Benefits: A portion of social security contributions is allocated towards retirement benefits, providing financial support to employees upon reaching retirement age. This system aims to ensure that individuals have a stable income source in their retirement years, recognizing their contribution to the economy during their working life.

Disability and Survivor Benefits: Social security also covers disability benefits for employees who become unable to work due to illness or injury, as well as survivor benefits for the families of deceased workers. These benefits provide crucial financial support in times of need, offering a safety net to affected individuals and their families.

Maternity and Childcare Benefits: Contributions support maternity benefits for female employees, covering periods of leave before and after childbirth. Additionally, certain benefits may extend to childcare support, assisting families in managing the costs associated with raising children.

The social security system in Laos represents a key aspect of the country's commitment to social welfare, aiming to balance economic development with the well-being of its citizens. By contributing to this system, both employers and employees invest in a framework that supports individuals throughout various stages of their lives, enhancing the overall social fabric of the nation.

Laos VAT Rates in 2024

VAT rates for Laos are reviewed annually, you can use the VAT Calculator to calculate VAT due in Laos or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.

Historic Tax Tables supported for Laos

The following tax tables are supported by iCalculator™ LA as part of the suite of free tax tools we provide for Laos.