Implementation of Lao National Single Window platform (LNSW) to manage businesses

In brief
The Cabinet Office of the Ministry of Finance has issued an additional the Notification number 0163/CO, dated 27 January 2021, Subject: Application of LNSW platform (Lao National Single Window) to manage on import of the goods at Friendship Bridge 1 International Customs Border Checkpoint.
This Notification was issued in order to modernize customs activities, centralize, ensure the effectiveness and smoothness of the use of LNSW platform for importation of all the goods under exemption or suspension of customs duties and other obligations.

Key takeaways
Importers and exporters are assigned to pay customs, duties, and fees in one single point by following details:

Matters	Details
Relevant agencies	LNSW Co., Ltd is assigned to collect customs, tax, and service fees.
Official fees	120,000 Kip (One Hundred and Twenty Thousand Kip) for one transaction, which excludes customs, duties, tax, fees and service fees of relevant agencies.
Payment channels and methods	Bank Pour Le Commerce Exterieur Lao (BCEL) service unites; and Lao Development Bank (LDB) which includes BCEL i-Banking, BCEL One LDB Corporate Banking by cash, money transfer, and cheque.
Starting date	23 February 2021 onwards.