Annual personal deduction of a maximum of LAK 5m per dependent spouse, parent and/or children (limited to 3 persons or a maximum of LAK 15m per year) may be claimed.
Deduction for charitable contributions are not allowed.
Generally, business expenses (including accrued expenses) are deductible unless specifically indicated as non-deductible under the Lao Income Tax Law. Reserves and provisions are not deductible until actually incurred. (See the Deductions section in the Corporate summary for more information.)