Annual personal deduction of a maximum of LAK 5 million per dependent spouse, parent, and/or children (limited to three persons or a maximum of LAK 15 million 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 tax summary for more information.