Laos: Commercial tax rate

* indicates monthly or quarterly data series

Tax rate, percent of commercial profits

 Latest value 24.1
 Year 2019
 Measure percent
 Data availability 2005 - 2019
 Average 29.51
 Min - Max 24.1 - 35.2
 Source The World Bank (doing business survey)
For that indicator, we provide data for Laos from 2005 to 2019. The average value for Laos during that period was 29.51 percent with a minimum of 24.1 percent in 2018 and a maximum of 35.2 percent in 2005. The latest value from 2019 is 24.1 percent. For comparison, the world average in 2019 based on 184 countries is 40.53 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Laos - Commercial tax rate - recent values

Historical chart
Laos - Commercial tax rate - historical chart - 2005-2019

Definition: Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 13.97 2016 percent
 Government spending, in dollars 2.22 2016 billion U.S. dollars
 Fiscal balance, percent of GDP -0.30 2022 percent
 Government debt 92.36 2021 percent
 Commercial tax rate 24.10 2019 percent
 Tax preparation time 362 2019 hours
 Number of taxes 35 2019 taxes
 Foreign aid 569.16 2021 million U.S. dollars
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