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Inside P-SEZ

Outside P-SEZ

Profits tax

Production enterprise

1.According to the specific situation, the tax will be exempted for 5-10 years, and 5-8% will be paid after the tax exemption expires;

20%

2.lf more than 50% of raw materials produced in Laos are used,2.5-4% shall be paid for the first five years of profit tax.

3.The approved advanced enterprises are allowed to deduct 150% of the actual technology development expenses incurred in the current year from the income of the tax payable in the current year; The part of the actual technology development expense that is not deductible in the current year can be carried over to the deductible within 5 years according to the tax law.

Trade and service enterprises

Exemption for 5 years, tax law shall apply after the exemption period expires.

Public service agencies

Exemption for 5-10 years,tax law shall be applied after the exemption period expires.

lmport duties

Machinery, equipment and spare parts used for processing, assembly and production;Materials and materials used for factory construction; Raw materials, semi-finished products and finished products used for production and processing shall be exempted from import duties. (Subject to laws and regulations of Laos and the Specific Zone and the signed contract agreement)

General merchandise

5-40%

Export tariffs

All commodities in the development zone are exempted from export duties.

0%

added-value tax

Imported foreign products used, processed, produced or sold in the zone are exempt from VAT.

10%

Goods imported for export production shall be exempted from VAT.Services in the P-SEZ shall pay VAT at the rate of 5%.

and service of goods and services in the P-SEZ outside the P-SEZ shall be subject to value-added tax at a rate of 10%.

lndividual income tax

All workers in the P-SEZ pay O-5%.

0-25%

Other tax

The payment shall be halved according to relevant laws and regulations.

Pay according to relevant laws and

62 countries and regions around the world have listed Laos as a beneficiary of their General System of Preferences(GSP), Laos goods tariffs and quotas reductions, including 28 EU member states,Australia, Japan, New Zealand, Norway,Russia, Switzerland, Turkey,belarus, kazakhstan, India, China, China Taiwan, South Korea.

Among them, the EU gives Laos the highest level of preferential treatment (EBA),that is, tariff-free and quota-free access to the EU market for all Laotian goods.

Support and Reward

Enterprises whose first annual sales revenue reaches RMB 100 million yuan and tax exceeds RMB 1 million yuan will be rewarded RMB 500,000 yuan; The first annual sales income reaches RMB 50 million yuan and the tax is more than RMB 500,000 yuan and the reward is RMB 250,000 yuan.

P-SEZ

Sayseta Comprehensive development zone

Thai-china Rayong lndustrial Park

Industry layout

Culture and tourism, finance, commerce and trade, exhibition, logistics, high and new technology, mineral, timber, tropical, health, international capacity transfer, comprehensive bonded zone. (12 industrial parks + nature Reserves + Phoukhyo New Town)

Forest processing, agricultural products processing, light industry textile, machinery manufacturing, real estate development, Comprehensive Service industry (Industrial Development Zone + Vientiane New City)

Auto parts, machinery, building materials, hardware, electronics and electrical.

Light industry

Location comparison

1. Located in Thakhek City, Khammouan Province, Laos, it is an important trade port of Thailand, Laos and Vietnam.2. The P-SEZ is only 11 kilometers away from the Lao Thai Friendship Bridge and 50 kilometers away from Vietnam.3. It is the closest specific zone in Laos to the seaport, only 280 kilometers;4. The specific zone where Lao Highway 12 and 13 pass through at the same time;5. A specific zone that enjoys the dividends of both the China-Laos Railway and the Laos -Vietnam Railway.

6. The largest specific zone with the most convenient transportation planning for land, sea and air logistics.

7. Eurasia cross center, one shoulder carries two oceans

8. Laos radiates the world's largest trading area by GDP

Located 14 kilometers northeast of the main city of Vientiane, the capital of Laos, The core of vientiane's new urban district , Covering 11.5 square kilometers, The development zone is adjacent to Laos 450th Anniversary Avenue, National Highway 13, Kaosaa Road, It is only 10 minutes' drive from the Friendship Bridge Lao-thai 01, 19 km from Vatai International Airport, 10 km from the planned new airport and 1.5 km from the central location of china-Laos railway freight station.

Thailand, near the Thai capital Bangkok.Away from lianchabang deep water port 27km . Lianchabang deep-water port is the largest deep-sea container port and logistics hub in Thailand, and one of the busiest deep-sea ports in the world at present. It covers an area of more than 1011.7 hectares and is located in the center of Southeast Asia. It has obvious advantages in providing international container transport services.

The Zone is located in Haiphong, 102 kilometers northeast of Hanoi, the capital of Vietnam. It is a municipality directly under the central Government in the north of Vietnam, second only to Hanoi and Ho Chi Minh City. It is the third largest city in Vietnam and has the largest port in the north of Vietnam, with a total area of 1519 square kilometers.

Preferential

policies

1. Investors and their families in the P-SEZ have the right to live in the P-SEZ , and have the right to apply to the government for Lao nationality and enjoy Lao national treatment; 2. The investors have the right to protect, use, transfer, benefit and inheritance the assets owned by the investors in the P-SEZ ; The investors have the right to protect, use, transfer, benefit and inheritance the assets developed by the investors in the P-SEZ . 3. Investors in the P-SEZ have the right to manage, use, settle accounts and enjoy benefits of the assets invested by investors themselves.

Different profit tax preferential policies will be given according to the industry categories, which can be divided into: the first industry-industrial production industry, the second industry-industrial tourism development service industry, public service industry, education, sports, real estate development industry. First-category industries are exempt from profit tax for 16 years, and second-category industries are exempt from profit tax for 8 years.1. The construction of roads, power systems, water systems and sewage systems in the P-SEZ shall be exempted from VAT; 2. Production equipment, production raw materials, equipment, apparatus and equipment, accessories and motor vehicles that cannot be provided by Laos are exempt from VAT.

Tariffs. The import of equipment, apparatus and equipment for the construction of fixed assets that Laos cannot provide or produce, as well as the import of machinery and vehicles directly used for production, shall be exempted from customs duties and value-added taxes; Production of raw materials, equipment, equipment, accessories, motor vehicles import, exemption from import duties.

Land policy. The Land law of Laos stipulates that land in Laos belongs to the state, and the maximum term of lease from the government to foreign investors is not more than 50 years, and the maximum term of lease from private investors is not more than 30 years.

Human resources policy. Laos is in the primary stage of social and economic development, and most of its labor force is engaged in agricultural production. The labor price of non-agricultural industries is relatively low, which saves a lot of human resource costs for enterprises investing in Laos. The average worker earns about $200 a month, while the government sets the minimum wage at about $110 a month

Tax policy. Profits tax. Production enterprises shall be exempted from profit tax for 6-10 years, and 5% shall be paid upon expiration of exemption; Commercial and trade enterprises shall be exempted from profit tax for 2-5 years, and shall be paid at 5% upon expiration of exemption; Service enterprises enjoy the exemption of profit tax for 2-10 years, and 5% shall be paid after the exemption expires.

Value added tax. Value-added tax shall be exempted for the use, processing or sale of imported goods or services by enterprises with business licenses in the DEVELOPMENT Zones; VAT payment, reduction or exemption shall be subject to Lao tax law for commodity trading and various services outside the development zone.

The consumption tax. Enterprises with business license of the development Zone shall be exempted from consumption tax if they import commodities from abroad or from outside the development zone for use, processing, production or sale in the Development Zone; Those who have obtained the business licenses of the production, commerce, service and commodity import industries in the development zones shall pay consumption tax in accordance with the tax law if they operate, consume or buy or sell goods in the whole country outside the development zones.

Tariffs. Used for processing or production of the factory building materials, raw materials, semi-finished products, motor vehicles and used in the production of accessories, warehouse required for building materials, machinery, vehicles and accessories, transportation companies in park (with heavy loading vehicles) is used to build houses for self-use of construction materials, used to transport the spare parts, construction machinery, loading and unloading goods accessories of vehicles, Import duties may be exempted for daily necessities, office equipment, building materials for building self-use houses, and all commodities exported from the development zone.

Personal income tax. Workers in the development zone pay a tax rate of 5%.

Land policy. The Land law of Laos stipulates that land in Laos belongs to the state, and the maximum term of lease from the government to foreign investors is not more than 50 years, and the maximum term of lease from private investors is not more than 30 years. According to the State-owned Land Use Right License No. 2351 issued by the Lao Ministry of Natural Resources and Environment and the Land Management Bureau on September 8, 2015, the land use right of the development zone is 70 years, and the development zone can handle the lease and transfer of the land use right for the enterprises settled in the zone.

Human resources policy. Laos is in the primary stage of social and economic development, and most of its labor force is engaged in agricultural production. The labor price of non-agricultural industries is relatively low, which saves a lot of human resource costs for enterprises investing in Laos. The average worker earns about $200 a month, while the government sets the minimum wage at about $110 a month.

Tax policy. The zone provides different preferential tax policies to enterprises according to industry categories, which are divided into A and B enterprises, and A industries are divided into A1, A2, A3 and A4. Category B industries are further divided into B1 and B2, with preferential policies as follows:

A1 - Knowledge-based industries: For the design and research and development industries that increase national competitiveness, enterprises will be exempted from income tax for eight years, and will be exempted from import tariffs on raw materials and machinery and enjoy other non-tax preferential benefits.

A2 -Industries related to the development of national infrastructure: For high value-added high-tech industries with little or no investment in Thailand, enterprises are exempted from income tax for 8 years, import tariffs on raw materials and machinery and enjoy other non-tax preferential policies.

A3 - High technology industries that are of great importance to the development of the country and have little investment in the country will be exempted from income tax for enterprises for 5 years and import tariffs on raw materials and machinery.

A4 -- Non-A1 &A2 industries that can increase the value of domestic raw materials and strengthen the development of industrial chain are exempted from income tax for 3 years, import tax on raw materials and machinery, and enjoy other preferential tax policies.

B1/B2 -- For auxiliary industries that do not use high-tech but play an important role in the industrial chain: B1 enterprises are exempted from import tax on machinery and raw materials and enjoy other non-tax preferential policies; B2 enterprises are exempted from import tax on raw materials and enjoy other non-tax preferential rights and interests.

Land policy. According to Thailand's Civil and Commercial Code, Land Code, Investment Promotion Law and regulations of the Ministry of The Interior, foreigners can own land property rights, own real estate and rent real estate, while foreign legal persons can own land property rights, own real estate and rent real estate.

Thailand to engage in the Thai Investment promotion Board (Board Of Investment, referred to as BOI) to encourage the industry, foreign investors can according to the "Investment promotion Law" to purchase land, with 100% permanent ownership Of the land, belongs to private property, can be freely transferred. At the same time the land law "regulation, if a foreigner from abroad may not less than 40 million baht of investment fund, according to the program applied for and approved by the relevant departments of Thailand, can have no more than 1, the land (about 2.4 acres, 1600 square meters) as residential land, land location should be in downtown Bangkok, pattaya or other specified areas, the urban planning act The business must be beneficial to Thailand and the investment must remain in Thailand for at least three years.

In terms of corporate income tax, all enterprises can enjoy 17% tax rate for 10 years, and get the preferential policy of "two exemption and four halving", that is: tax exemption for 2 years since the year of profit, and tax rate for the following 4 years is 50% of the applied tax amount. For enterprises registered as export processing enterprises, export tax exemption, import tax exemption for raw and auxiliary materials used to produce and process export products, and part of the machinery and equipment and special means of transport that constitute fixed assets of enterprises (mainly for Vietnam can not be produced) after the customs approval to pay or exempt from import tax. The VAT rate is 0%. All enterprises are exempt from profit tax.

Land policy. Zone as 100% of the investment of state-owned enterprises and bearing capacity of cooperation and support Chinese enterprises "going out" the function of the national, provincial, municipal relevant financial support, to bring down the price of land, standard factory building rental, leasing, the located enterprises, will now give into enterprise's price is lower than the coastal defence around the same scale, the policy of the park.

Industrial policy. For industries specially encouraged by Vietnam or those who have obtained high-tech enterprise certificates, the tax rate will be 10% for 15 years, and the preferential policy of "four exemptions and nine halves" will be granted, that is, tax exemption for 4 years since the year of profit, and tax rate for the following 9 years will be 50% of the applied tax amount.