Tax Dept to Strive to Achieve State Revenue Collection Goal | Lao Tribune

Tax Dept to Strive to Achieve State Revenue Collection Goal

This year, the Tax Department has set many measures, in particular action against all forms of smuggling along with improvement of its body and a reshuffle officials to be in accordance with regulations to ensure achievement of revenue collection this fiscal year.

The department will also strengthen coordination with local authorities for personnel management to ensure the revenue collection meets the plan of over 6 trillion kip.

The department will actively implement value of customs declarations in line with the law and new regulations and also will continue implementing E-tax payments at the cross-border checkpoint and other work by focusing on transparency.

This year, the department plans to collect a total amount of 6 trillion kip in revenue for the state budget.

Last year’s revenue collection has so far reached only 5.2 trillion kip or equivalent to 73.47 per cent of the set plan to collect 7 trillion kip.

Source: Lao News Agency