In association with
Logo Logo Logo

No more tax rates hereafter: Finance Minister Dr Khatiwada


BANEPA: Minister for Finance Dr Yubaraj Khatiwada has assured that the tax rates could not be expanded more from the present limit. Inaugurating a newly constructed building of Inland Revenue Office in Dhulikhel on Friday, Minister Khatiwada made it clear that they had already decided to extend the rate and area of income tax in the past fiscal year.
He further shared that there was 36 per cent income tax on the income of over two million rupees, and it would be reviewed in the days ahead. The value added tax (VAT) was not extended, the Minister said, urging the entrepreneurs to be transparent and competitive in the business.
Speaking in the same programme, Dhulikhel municipality mayor Ashok Byanju viewed that the municipality had not collected tax beyond the spirit of the constitution.
Revenue secretary Lal Shankar Ghimire shared that the office was established there to provide services to the people in a convenient manner. Industry and Commerce Association chair in the district, Prakash Manandhar said that they were happy to have revenue office at their community.

Comment here !
Related News

By N24 Correspondent, KATHMANDU:- Plastic pollution is a serious threat to our environment and health, and plastic is something that

KATHMANDU: Nepal has received Rs 642.14 billion in remittance in the first eight months of the current fiscal year. “Remittance

KATHMANDU: Nepal’s economy is projected to grow by 2.7 percent in the next fiscal year (FY) 2021/2022, thanks to services

KATHMANDU: Banking and Finance Institute of Nepal Limited has announced to issue initial public offering (IPO) to general public. It