Vientiane Capital’s Tax Department Announces Ban on Cash Payments to Prevent Corruption

The Lao Tax Division, which is a part of the Ministry of Finance, revealed on Tuesday that staff is not going to be allowed to obtain tax funds from companies which might be paid in money.

A discover issued by the division states that tax funds have to be paid through a newly-developed on-line software of the Tax Income Data System (TaxRIS) or banking system in Laos.

People, authorized entities, and organizations are prohibited from making tax funds by tax officers and division volunteers, whereas tax officers are additionally not permitted to obtain funds instantly from anybody.

Furthermore, tax officers have to be formally appointed by the Vientiane Tax Division and the district tax departments throughout the capital of Vientiane to calculate the tax legal responsibility of companies earlier than they’re requested to pay for a similar.

In keeping with the discover, the division will solely acknowledge the calculation and cost processed by formally appointed tax officers, versus unauthorized officers even when they’re a part of the identical division.

As well as, the division has urged people, authorized entities, and organizations to adjust to and acknowledge the discover within the curiosity of transparency and honest processing of taxes.