Speaking during the First Extraordinary Session of the 10th National Assembly on July 7, Santiphab said the Ministry of Finance has accelerated revenue administration reforms since 2020 under the National Agenda on resolving economic and financial difficulties, supported by Prime Minister's Order No. 18 and Decree No. 205.
He said the proportion of state revenue collected through banks and other electronic payment channels has reached 95 percent, while cash collections have fallen to just 5 percent of total revenue.
The TaxRIS, which now covers more than 195,000 businesses, has driven a sharp increase in tax collection, with revenue through the system rising by 251 percent, equivalent to an average annual increase of more than 20 percent. The system is currently operational in Vientiane Capital and will be expanded nationwide.
Digital taxation has also generated new revenue streams. Since late 2024, the registration of international digital service providers, including Microsoft, Facebook, YouTube, and Netflix, has generated approximately US$12 million in tax revenue.
Meanwhile, the Electronic Tax Invoice (E-Tax Invoice) system has been introduced in Vientiane Capital, Vientiane Province (Vang Vieng District), Luang Prabang Province, and Champasak Province, generating more than 25 billion kip in additional revenue. Authorities expect nationwide implementation to further strengthen revenue collection, improve accounting accuracy, and expand access to financing for businesses through the SME Development Fund.
Santiphab added that the integration of the National Land Database with the TaxRIS has connected information on more than 2 million land plots, with 1.4 million plots already geo-referenced. Collection of land-related taxes and service fees through the integrated digital system is scheduled to begin in the third quarter of 2026.
The ministry has also expanded the centralized treasury payment system to 15 international border checkpoints, with nationwide rollout continuing throughout 2026.