car tax

Lao EconomyTaxUncategorized

Major Tax Revamp Trials Next Month

The government is planning to start using an electronic system for tax collection early next year with a test of the system on motor vehicles to begin next month.
Revenue collection has not reached the planned target because of various violations of the regulations and loopholes in procedures, which has resulted in a further deficit and hike of the government debt.
The new method of taxation will calculate tax based on a vehicle’s engine capacity (both the size and number of cylinders), its brand and model, but not its ……

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TaxTransportation - Vehicles

Lao Govt To Delay Car Usage Tax

The government will delay the enforcement of an annual car usage tax and a natural resources tax, even though the National Assembly had earlier given the green light to impose the taxes.
The National Assembly approved the revised Tax Law at the end of last year, allowing the government to collect the car usage tax annually instead of as a lump sum after finding that vehicle importers were failing to pay the full amount of excise tax due to the high rates levied.
The tax official also said the government will not impose the approved natural resource tax until it has revised the presidential decree on state service fees. He was unable to say when the revised decree would be promulgated.

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