Tariff cuts have no significant impact on revenue collection in Laos
The government is still expecting the customs sector to play a key role in generating income even though Laos has eliminated import tariffs on most goods from Asean member countries.
According to information from the Ministry of Finance, the government is expecting the customs sector to yield 7,520 billion kip (US$877 million) in the 2019 fiscal year, a 4.44 percent increase compared to the target figure in 2018.
Ekaphone Phouthonesy
