Road Tax 2022 Must Be Paid By The End Of June
Source: Vientiane Times
The Ministry of Finance is urging everyone, including individuals and foreign entities that use vehicles in Laos, to pay the annual road tax for 2022 by June 30 at the latest.
Payment of the tax is obligatory and people who make late payments or fail to pay at all will be fined.
Normally, road tax must be paid by March 31 but this year the deadline has been postponed until the end of June because of the Covid-19 outbreak.
People or organisations who make late payments, or fail to pay, will be fined 0.1 percent of the annual value of the road tax for each day that the payment is overdue.
Those who fail to pay over the course of the whole year will be fined 40 percent of the annual value of the tax, while people who fail to pay for a period of two years or more will be fined 60 percent of the annual value.
People who pay the tax incorrectly will have to pay an additional amount and will also be fined 60 percent of the annual value of the tax.
The forging of road tax payments will incur a fine of twice the amount owed and the individual concerned will be prosecuted, the ministry stated. Road tax can be paid through BCEL using the apps BCEL One and BCEL i-bank, as well as at ATMs, bank counters and other authorised service points.
People who buy a new vehicle from October to December this year will be exempt from the payment of road tax for 2022.