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Laos's Trust Balance Growth
The article discusses Laos's experience in improving tax collection management through digitalization. As a result, the country's revenues increased significantly by 19% in the first half of 2026. Additionally, 95% of the revenues are now collected through electronic payment methods, and foreign digital companies have entered the tax network. This demonstrates the country's ability to have a more accurate view of economic activity. The success of these reforms highlights the importance of designing a robust financial collection system, especially in countries expanding their digital economies. It also presents an opportunity for Gulf countries to enhance their capacities in electronic payments and financial services, transforming economic activity into a public resource that boosts trust and reduces financial leakage.
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