VIENTIANE, April 10 (Xinhua) -- Lao officials are gaining a deep understanding of withholding tax for non-residents, aiming to help the Lao government earn more revenue from business units in the country.
A seminar on withholding tax for non-residents is being held in Lao capital Vientiane from April 8 to 10, aimed at increasing knowledge of withholding tax among Lao tax officials, according to a report issued on Wednesday from the Lao Ministry of Finance.
A commonly used method for collecting taxes on transactions with foreign countries is withholding tax.
In order to conduct tax audits, point out errors, and ensure proper and fair taxation, tax officials must have correct knowledge of tax laws and double taxation agreements, according to the report.
The seminar aims to encourage tax officials across the country to better understand this field and provide correct guidance to taxpayers. ■
