Bridge crossing nets 98 million kip from Value Added Tax
Customs checks at Lao-Thai Friendship Bridge in Vientiane have netted the country over 98 million kip via the 10 Percent Value Added Tax since implementation of stricter controls in late 2016. Deputy Head of the Customs International Checkpoint under Lao-Thai Friendship Bridge, Mr Soutchai Inthavong told Vientiane Times on January 25 that since the government had implemented the Provision on the Levy of 10 Percent Value Added Tax of Passengers’ Personal Effects on November 1, 2016 and so far this year over 98 million kip had been raised. To date, 45,026 vehicles have passed the checkpoint with 1,262 vehicles notified to pay the 10 percent of the value tax on imports of goods. Currently, customs officers at the bridge are called upon to collect tax and customs duties on imports of fuel, food products and vehicles over set values.