Decree on Asset Declaration
关于财产申报的法令
ດຳລັດ ວ່າດ້ວຍ ການແຈ້ງຊັບສິນ
Summary
This Decree (No. 499/ລບ) stipulates the principles, procedures, receiving authorities, inspection measures and violation handling methods for the declaration of assets, debts and income by public officials of Party and state agencies, the Lao Front for National Construction, mass organizations, state-owned and state-controlled enterprises, state joint ventures, as well as the military and police, aiming to prevent and combat corruption and enhance integrity and transparency. It takes effect from January 1, 2014.
Articles
Article 1
Purpose. This Decree stipulates principles, regulations, and measures regarding the declaration of assets and income by public officials, cadres, members of the armed forces, and police belonging to Party and State agencies, the Lao Front for National Construction, mass organizations, state enterprises, state joint ventures, and state shareholding cooperative enterprises, in order to implement this work with high responsibility, effectiveness, and transparency, aiming to curb and combat corruption within Party and State agencies and the aforementioned organizations, thereby contributing to building and developing a prosperous and civilized nation.
Article 2
Declaration of Property and Income. Declaration of property and debts refers to the detailed written declaration of various types of property and debts in accordance with the property declaration form format prescribed by the agency responsible for receiving property and income declarations. Income declaration refers to the declaration of the amount or value of money or property obtained through inheritance, wages, and other means.
Article 3
Types of Property and Income Subject to Declaration. The property and income subject to declaration are as follows: I. Types of property and debts subject to declaration: Land, houses, inherited estates and other buildings, various means of transport, technical equipment used for production, valuable assets such as gold and silver, bonds, stocks, domestic and foreign deposits, other receivables and payables, and all types of property valued at over twenty million Kip; II. Types of income subject to declaration: Wages, allowances, pensions, income from family economic construction, business operations, trading, leasing, lending, deposit interest, gifts, awards (limited to gifts and awards valued at over five million Kip), income from providing services, intellectual property income, and other income.
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