Laos will install the Asycuda World system at tax offices and border gates following an agreement signed between the General Department of Customs and the UN Conference on Trade and Development (UNCTAD).
Funds for the 2.2 million USD agreement will be sourced from the Lao government budget and the World Bank, to help Laos modernise its customs procedures, facilitating the declaration of goods by businesses.
Instalment of the Asycuda World system is part of the country’s modernisation and industrialisation policy, which targets getting off the list of undeveloped countries by 2020, said Santiphab Phomvihane, General Director of the Taxation Department.
This is also a measure to help Laos improve the structure, management and control of its tax system, according to UNCTAD.
The Asycuda World will make it possible for businesses to pay taxes via the internet, ramping up the efficiency of tax declaration, as part of the requirements for Lao to become a World Trade Organisation member./.
Funds for the 2.2 million USD agreement will be sourced from the Lao government budget and the World Bank, to help Laos modernise its customs procedures, facilitating the declaration of goods by businesses.
Instalment of the Asycuda World system is part of the country’s modernisation and industrialisation policy, which targets getting off the list of undeveloped countries by 2020, said Santiphab Phomvihane, General Director of the Taxation Department.
This is also a measure to help Laos improve the structure, management and control of its tax system, according to UNCTAD.
The Asycuda World will make it possible for businesses to pay taxes via the internet, ramping up the efficiency of tax declaration, as part of the requirements for Lao to become a World Trade Organisation member./.
