Laos
General Overview
- Currency: Lao Kip (LAK)
- Languages: Lao
- Public Holidays: 12 days
- Capital: Vientiane
- Fiscal Year: 1 October - 30 September
- Minimum Hourly Wage: 8,000 LAK/hour
Tax Essentials
- Income Tax Range: 5-24%
- Other Taxes: VAT 10%
Social Security Contributions
- Employer Charges: Employer contributions 5%
- Employee Charges: Employee contributions 9%
Employment Contracts & Conditions
- Contract Types: Permanent, Temporary
- Trial Periods: Up to 3 months
- Paid Holiday: 15 days per year
- Salary Payment Frequencies: Monthly
- Termination Notice: 1 month
Legal Benefits for Employees
- Medical Coverage: Public healthcare system
- Common Non-Compulsory Benefits: Housing allowance, transport allowance
Hiring Non citizen or resident
- Visa & Work Permits Obligation: Mandatory for non-citizens
- High-Skilled Worker Permits: Yes, specific work visa required
- Visa & Work Permits Timelines: 3-5 weeks, typically involving employer documentation and visa type verification in Laos
The information provided on these countries serves as a general guideline and may
require verification and updates from legal sources or official websites.
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