vehicle 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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