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Tax Paid Report

In the interests of fiscal transparency, we are pleased to publish our consolidated tax paid report of ACLEDA Bank Lao Ltd. in the table below:

Amount in LAK million	2013	2014	2015	2016	2017	Total^[7]
Salary Tax	1.286	1.860	2.153	2.590	2.790	14.496
Minimum Tax^[1]	-	-	-	-	-	1.601
Profit Tax^[2]	2,337	-	-	501	12.996	15.835
Board Meeting Fee Tax	27	21	16	45	67	307
Withholding Tax (Loan Overseas)^[3]	723	1.253	1.198	1.135	831	5.498
Value Added Tax^[4]	155	339	159	607	453	1.776
Mandatory Profit Tax^[5]	-	-	-	-	107	107
License Fee^[6]	-	67	5	10	90	332
Signboard Installation Fee	23	30	28	20	14	158
Total Paid	4.551	3.571	3.559	4.908	17.349	40.110
Accumulated Amount^[7]	10.724	14.295	17.854	22.758	40.110

2013: According to tax law, if a commercial bank paid a profit tax, Minimum Tax does not need to be paid.
2014-2015: According to tax law, if a commercial bank records a net loss, there is no obligation to pay any Minimum and profits Tax
2014-2015: The Bank experienced a net loss, and therefore was not required to pay any profit tax.
ACLEDA Bank Lao Ltd. began borrowing funds from lenders in 2012.
ACLEDA Bank Lao Ltd. complied with value-added Tax regulations in 2011.
2017: According to tax law, Section 32 on the purchase of service from foreign company that isn't based in the Lao PDR, the entity must pay mandatory profit tax.
2013: ACLEDA Bank Lao Ltd. established no new offices in this year.
Total and Accumulated Amount from year 2008.