Laos: Overview

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Real estate status in Laos

Laos (pop. 6,201,000; GDP/cap US$482), officially Lao People’s Democratic Republic, is the poorest and least developed country in East Asia. More than three-quarters of the country’s people live on less than US$2 a day and the country's social indicators are among the worst in the region, according to World Bank. Only 66.4 percent of the population is literate. Aside from poor economic conditions, foreigners are cautious about going to Laos because of Avian flu.

Foreigners can only lease land, for up to 75 years.

TAXES AND COSTS

Last Updated: Dec 18, 2008

Income tax is moderate in Laos

Rental Income: Rental income is taxed at progressive income tax rates, from 5% to 25%.

Capital Gains: Capital gains derived from selling real property are considered as ordinary income and taxed at progressive rates.

Inheritance: There are no inheritance tax in Laos.

Residents: Individuals are taxed on their income from sources in Laos.