In 2019, the total tax rate as a share of profits for medium sized businesses in Laos did not change in comparison to the previous year. The total tax rate as a share of profits for medium sized businesses remained at 24.1 percent. The total tax rate measures the amount of taxes and mandatory contributions payable by businesses, minus allowable deductions and exemptions, as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value-added, sales, or goods and service taxes) are excluded.
Find more key insights for the total tax rate as a share of profits for medium sized businesses in countries like Philippines and Brunei.
Total tax rate as a share of profits for medium sized businesses in Laos from 2010 to 2019
As per the source, the total tax rate measures the amount of taxes payable by medium-size businesses after accounting for deductions and exemptions, expressed as a share of commercial profits. The taxes withheld (such as sales or value added tax or personal income tax) but not paid by the company are excluded. The total tax rate is designed to provide a comprehensive measure of the cost of all the taxes a business bears.
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World Bank. (October 24, 2024). Total tax rate as a share of profits for medium sized businesses in Laos from 2010 to 2019 [Graph]. In Statista. Retrieved November 20, 2024, from https://www.statista.com/statistics/730788/laos-total-tax-rate-for-medium-sized-businesses/
World Bank. "Total tax rate as a share of profits for medium sized businesses in Laos from 2010 to 2019." Chart. October 24, 2024. Statista. Accessed November 20, 2024. https://www.statista.com/statistics/730788/laos-total-tax-rate-for-medium-sized-businesses/
World Bank. (2024). Total tax rate as a share of profits for medium sized businesses in Laos from 2010 to 2019. Statista. Statista Inc.. Accessed: November 20, 2024. https://www.statista.com/statistics/730788/laos-total-tax-rate-for-medium-sized-businesses/
World Bank. "Total Tax Rate as a Share of Profits for Medium Sized Businesses in Laos from 2010 to 2019." Statista, Statista Inc., 24 Oct 2024, https://www.statista.com/statistics/730788/laos-total-tax-rate-for-medium-sized-businesses/
World Bank, Total tax rate as a share of profits for medium sized businesses in Laos from 2010 to 2019 Statista, https://www.statista.com/statistics/730788/laos-total-tax-rate-for-medium-sized-businesses/ (last visited November 20, 2024)
Total tax rate as a share of profits for medium sized businesses in Laos from 2010 to 2019 [Graph], World Bank, October 24, 2024. [Online]. Available: https://www.statista.com/statistics/730788/laos-total-tax-rate-for-medium-sized-businesses/
