Paying taxes: Profit tax in Lao People's Democratic Republic
Lao People's Democratic Republic: Paying taxes: Profit tax was 16.4% in 2019. ▼ Falling
Paying taxes: Profit tax in Lao People's Democratic Republic, 2005–2019
Source: World Bank. Measured in % of profits.
Analysis
In 2019, paying taxes: profit tax in Lao People's Democratic Republic stood at 16.4%.
That represents a change of down 34.7% over ten years.
Over the whole period, paying taxes: profit tax in Lao People's Democratic Republic peaked at 27.1% in 2005 and was at its lowest, 15.8%, in 2016.
Lao People's Democratic Republic ranks 95th of 190 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 15 years of available data.
Paying taxes: Profit tax in Lao People's Democratic Republic, year by year
| Year | % of profits | Change |
|---|---|---|
| 2005 | 27.1% | — |
| 2006 | 27.1% | +0.0% |
| 2007 | 27.1% | +0.0% |
| 2008 | 25.4% | -6.3% |
| 2009 | 25.1% | -1.2% |
| 2010 | 25.1% | +0.0% |
| 2011 | 25.1% | +0.0% |
| 2012 | 25.1% | +0.0% |
| 2013 | 20.1% | -19.9% |
| 2014 | 16.5% | -17.9% |
| 2015 | 16.0% | -3.0% |
| 2016 | 15.8% | -1.2% |
| 2017 | 15.8% | +0.0% |
| 2018 | 16.4% | +3.8% |
| 2019 | 16.4% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 26.4% | 25.1% | 27.1% | 5 |
| 2010s | 19.2% | 15.8% | 25.1% | 10 |
Countries ranked near Lao People's Democratic Republic
- 94 Hong Kong, China 16.5% compare
- 95 Kazakhstan 16.4% compare
- 97 Burkina Faso 16.2% compare
- 97 Senegal 16.2% compare
More reference data data for Lao People's Democratic Republic
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Manure applied 587.77 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 5.07 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 3.96 (2050)
- Emission Totals - Emissions (N2O) - Burning - Crop residues 0.0587 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 2.22 (2050)
- Emission Totals - Emissions (N2O) - Agricultural Soils 8.93 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - IPCC Agriculture 3,431 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Crop Residues 435.91 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Burning - Crop 15.56 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Agricultural 2,367 (2050)
Frequently asked questions
- What is paying taxes: profit tax in Lao People's Democratic Republic?
- Paying taxes: profit tax in Lao People's Democratic Republic was 16.4% in 2019, according to the World Bank.
- What is the highest paying taxes: profit tax recorded in Lao People's Democratic Republic?
- The highest recorded value was 27.1% in 2005.
- What is the lowest paying taxes: profit tax recorded in Lao People's Democratic Republic?
- The lowest recorded value was 15.8% in 2016.
- How does Lao People's Democratic Republic rank for paying taxes: profit tax?
- Lao People's Democratic Republic ranks 95th out of 190 countries with data for 2019.
- Is paying taxes: profit tax rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 34.7%. The long-run trend across the full record is falling.
- Where does this Lao People's Democratic Republic data come from?
- The figures come from the World Bank, published as part of Paying taxes: Profit tax (% of profits). Statizoid updates them automatically from the source API.
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CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The profit tax measures the amount of income taxes borne by the business in the second year of operation, expressed as a share of commercial pro?t.