Of
investment climate and
taxpayers : In the
first four months of
the current fiscal
year the government
collected revenue
worth Rs 323 billion,
which makes up 22.77
percent of the annual
target (rep
18/11/2024)
Tax The Rich People,
by Raman Kannan (rn
16/11/2024)
Mechi Customs
Office collects Rs.
3.58 billion in three
months (kh
20/10/2024)
Birgunj
dry port collects 12.7 billion
in revenue in three months
(kh 19/10/2024)
Dry
port customs office collects Rs
8.39 billion in revenue (rep
24/09/2024)
Perils
of shrinking revenue : Without
improving the revenue base,
Nepal might soon be unable to
finance regular expenditures,
by Achyut Wagle (kp 24/09/2024))
Birgunj
Customs collects over Rs 25 billion in
two months (rep 21/09/2024)
IRD
to refund 10 percent of VAT for payments
through electronic means at restaurants
and bars (rep 09/09/2024)
Revenue
increases by Rs 500 million at Rasuwa
customs (rep 02/09/2024)
Govt
announces two rapid teams to check
revenue leakages taking place via
smuggled goods (rep 02/09/2024)
Metropolitan cities’
finances or local taxes for development,
by Anurag Gupta (ae 19/08/2024)
22,000
taxpayers fail to pay tax in Janakpur
(rep 11/08/2024)
Tax
reform committee proposes increasing
Social Security Tax to ease burden on
low earners (rep 29/06/2024)
Absence of TERAMOX
technology results in annual revenue
fraud of Rs 25 billion: Mohan Basnet
(kh 28/06/2024)
Rasuwa customs
collects Rs 585.5 million in fines
(kh 21/06/2024)
IRD reports revenue
growth of 11.30% (kh 21/06/2024)
High
level study committee on tax proposes
govt to remove subsidy on cooking gas
within three years (rep 20/06/2024)
Promote
a culture of fiscal prudence (rep
20/06/2024)
Mechi customs collect
revenue over Rs 12.93 billion (rn
19/06/2024)
Mallik Committee
recommends abolishing all tax
exemptions, reducing income tax (kh
18/06/2024)
State
treasury could get Rs 300 billion more in
revenue if tax systems reformed: HLRC (kh
17/06/2024)
Govt
makes HS Code mandatory on VAT Bills for imports
(rep 14/06/2024)
Govt
increases exemption limit of income tax for
amounts deposited in pension funds (rep
14/06/2024)
After
iron producers, food importers decry tax policy
: The advance income tax on food and pulses has
increased the price of a 25kg rice bag by Rs100
and pulses by Rs20 per kg (kp 06/06/2024)
EVs’
prices likely to go up by at least 10 percent
with revised tax rates in budget for FY 2024/25
(rep 30/05/2024)
Govt
imposes green tax on petroleum products (rep
28/05/2024), Budget
introduces green tax on petroleum products
Excise duties on alcohol, beer and tobacco have
been increased. The customs duty on the import
of skimmed milk has been reduced to 1 percent,
by Krishana Prasain
Tax
payments to be facilitated with QR codes
(rep 28/05/2024)
Over
Rs 286 million in royalties yet to be recovered
from hydropower projects (rep 27/05/2024)
ISPs
say ready to file due taxes to government : On
May 13, the top court scrapped the writ petition
by Worldlink Communications and ordered the ISPs
to pay the taxes they had raised from the public
(kp 19/05/2024)
Private
sector says Nepal’s tax system is upside-down :
Calls for flipping the existing flat tax
structure, which has put greater burden on
people with lower incomes (kp 13/05/2024)
Tatopani
customs exceeds revenue target (kh
18/04/2024)
Govt
revenue collection stands at only half of its
target at third-quarter end (rep 12/04/2024)
Nepal’s
financial odyssey : We should negotiate double
taxation avoidance with countries that have
investors with deep bond pockets, by Shabda
Gyawali and Pragres Acharya (kp 05/04/2024)
Finance
Minister Pun hints at tax rate changes in new
budget (rep 18/03/2024)
200,000
plus taxpayers not regularly paying tax at KMC
(kh 29/02/2024)
Pashupatinagar
Customs Office collects Rs 13.41 million revenue
in six months (kh 27/01/2024)
Govt.
collects Rs 3.15 billion in royalty from hydel
projects (kh 20/01/2024)
Revenue
surge: Over 55 billion collected in four days,
marks remarkable 16% growth (kh 12/01/2024)
Govt
debt burden: Recurrent revenue falls short of
covering recurrent expenses, by Dilip Poudel
( rep 11/12/2023)
‘Not
the tenants but house owners should pay House
Rental Tax’, by Basanta Dhungana (rep
10/12/2023)
Government
struggles to meet revenue targets, by Mamata
Thapa (ae 07/12/2023)
Government
raises 40 percent of annual loans in first
quarter : Lower-than-expected revenue collection
forces Nepal to raise more debt early in the
fiscal year (kp 29/11/2023)
Govt
faces challenge as tax arrears soar to Rs 113
billion (kh 27/11/2023)
Revenue
collection decreases further at Biratnagar
Customs Office (rep 24/11/2023)
Make
Revenue Collection Rights Clear, by Chandra
Mani Adhikari (rn 19/10/2023)
Revenue
collection 15.93% and expenditures 16.02 % in
first quarter of FY 2080/81 (kh 18/10/2023)
Cabinet
approves customs bill that proposes customs
exemption for import of raw material (rep
07/102023)
Customs
regulations for Nepali travelers returning home
during festivals (rep 03/10/2023)
Tax
authorities attribute a fall in revenue
collection to growing cross-border smuggling
(rep 27/09/2023)
Biratnagar
Customs Office fails to meet revenue target,
collects only 56.81 percent, by Binod Subedi
(rep 24/09/2023)
Revenue
collection still remains dismal (ae
20/09/2023)
Bara-Parsa
traders complain of tax overburden : A truck
transporting cargo from Birgunj to Pathlaiya has
to pay at least Rs2,400 in assorted local taxes,
traders say, by Bhusan Yadav (kp 14/09/2023)
DRI
raids several Birgunj-based firms (rep
11/09/2023)
11
casinos owe Rs 3.5 billion in revenue (rep
01/09/2023)
Companies
doing transaction less than Rs 10 million can
now pay VAT on quarterly basis (rep
20/08/2023)
DRI
raids Thamel-based LOD club suspecting tax
evasion, seizes ledgers : DRI takes control of
LOD’s transaction accounts (rep 15/08/2023)
KMC
collects Rs 10.25 billion from rental taxes in
one year (rep 09/08/2023)
Government’s
income from share trading dips by 71.3 percent
(ae 02/08/2023)
IRD
starts investigations against around 2,000
taxpayers suspected of evading taxes of Rs 9.93
billion (rep 02/08/2023)
Supreme
Court issues short-term interim order not to
levy VAT on air tickets : The apex court has
summoned both parties for discussion and has
also asked the government to furnish a written
clarification (kp 31/07/2023)
Border
shoppers moan at end of duty-free system :
Officials say the new rule has been enforced to
discourage illegal cross-border trade and
promote local businesses, by Deo Narayan
Shah, Madhav Dhungana and Manoj Poudel (kp
20/07/2023)
Govt
issues guidelines to enforce five percent tax on
foreign trips (rep 18/07/2023)
Taxman
launches new fiscal year with VAT on air travel
: Collecting VAT from international air
passengers violates Nepal’s commitment to ICAO,
by Sangam Prasain (kp 18/07/2023)
New
fiscal year introduces updated tax laws (kh
17/07/2023)
Birgunj
Customs Office collects only 60 percent of
11-month revenue target as import drops (rep
02/07/2023)
Collection
of capital gains tax on shares transactions
doubled to Rs 260 million last month (rep
01/07/2023)
Customs
revenue drops by 23 percent (ae 26/06/2023)
In
defence of Nepal : The dispute between Axiata
(and Ncell) and Nepal revolves around purported
treaty breaches, by Semanta Dahal (kp
25/06/2023)
Rights
groups say no VAT on potatoes and onions : The
government collects 9 percent agriculture
service charge, 1.5 percent advance tax and 13
percent VAT on various food products, by
Krishana Prasain (kp 24/06/2023), FinMin
Mahat clarifies that govt imposes VAT on potato
and onion to protect and boost the domestic
production (rep 28/06/2023)
Birgunj
Customs experiences decline in use of letters of
declaration (kh 248/06/2023)
KMC
urges IRD to return house rent taxes to the
local level (kh 20/06/2023)
Govt
revenue collection falls short by Rs 1.78
billion as compared to first 11 months of last
FY (rep 17/06/2023)
IRD
takes measures to enhance advance tax deduction
for high-income individuals (rep 15/06/2023)
Nepal
likely to lose Rs57 billion in extra taxes from
Ncell : Government won capital gains tax dispute
but has been asked to avoid further taxing the
firm over 2016 buyout, by Prithvi Man
Shrestha (kp 13/06/2023), Axiata,
Ncell claim Oli had assured no capital gains tax
on Ncell buyout deal : International tribunal,
however, finds no written assurance or notes
confirming claim, by Prithvi Man Shrestha
(kp 14/06/2023)
Tourism
entrepreneurs urge govt to remove taxes on
tourism and air services (rep 10/06/2023)
FENEGOSIDA
urges govt to immediately revoke 2 percent
luxury tax imposed on gold and silver items
(rep 10/06/2023)
1
step forward, 2 steps back in Nepal :
Flip-flopping tax rates on battery powered
vehicles undermine Nepal’s climate targets and
public health, by Sonia Awale (nt
09/06/2023)
Govt
backs off from its decision to squeeze stocks
investors by considering their earnings in
income tax bracket : With the govt new decision,
investors will have to pay only capital gains
tax of 5 percent or 7.5 percent (rep
05/06/2023), Government
steps back from new tax arrangement to calm
stock investors (ae 05/06/2023)
Government
Expands Excise Duty Coverage (rep
03/06/2023)
Rs
10K tax levied on imported cell phones costing
over Rs 100,000 (rep 30/05/2023) [Mobile phones are important
tools of information and telecommunication that
must be affordable for all citizens! Higher tax
rates for luxury devices are rational.]
Nepal’s
tax system widens rich-poor gap : The new budget
needs to overhaul the tax structure that favours
the privileged, by Ramesh Kumar (nt
26/05/2023)
Sluggish
revenue collection highlights deepening economic
downturn (ae 17/05/2023)
Ways
To Address Revenue Shortfall, by Mukti Rijal
(04/05/2023)
Google
registered with Nepal’s tax system (rep
21/04/2023)
Government
spending hit by slowed revenue inflow :
Officials admit that there have been some issues
related to payment, but say that the problem is
not as severe as made out to be, by Pawan
Pandey (kp 06/04/2023)
Dismal
revenue collection adds to govt’s woes (ae
16/03/2023), Revenue
collection takes a blow due to macroeconomic
headwinds (ae 17/03/2023)
Online
revenue payment starts in Kalikot (rep
15/03/2023)
Revenue
collection short of target by Rs 80 billion,
by Himal Lamsal (rep 14/03/2023), Revenue
collections target remains unmet (rep
15/03/2023)
IRD
starts ‘full audit’ of 105 large taxpayer
companies on suspicion of manipulating financial
report (rep 07/03/2023)
TIA
customs office releases telecommunication
equipment worth over Rs 1 billion imported by
NTA after levying Rs 320 million in taxes
(rep 09/02/2023)
India
tax exemptions may make EVs cheaper in Nepal :
The Indian government has waived taxes on
several inputs through the budget for the fiscal
year 2023-24, by Krishana Prasain (kp
05/02/2023)
Revenue
mobilization slow off the mark: Finance Minister
Poudel (kh 31/01/2023)
Nepal's
Shrinking Revenue Collection, by Hari Prasad
Shrestha (rep 26/01/2023)
Government
misses revenue collection target by 30 percent
(ae 16/01/2023)
Restaurants
adding VAT on menu price to face fines : VAT and
service charge are included in the meal prices,
and restaurants cannot issue bills with extra
taxes, officials say, by Krishana Prasain
(kp 07/01/2023)
Revenue
administration gets into action to meet revenue
target (ae 06/01/2023)
Bureaucracy
snubbed the Prime Minister’s directive? In less
than a week, Prime Minister Pushpa Kamal Dahal
twice directed the bureaucracy not to implement
MDMS. But has the bureaucracy complied with the
PM’s directive? (nlt 03/01/2023), Let
returnees bring two mobile phones from abroad:
PM Dahal (kh 03/01/2022)
Home
and Finance Ministry join hands to control
revenue leakages (ae 30/12/2022)
Govt
to impose 18 percent tax on mobiles brought by
foreign-returnees (kh 29/12/2022), PM
Dahal directs authorities concerned not to
implement decision to impose tax on mobiles
brought by foreign-returnees (nlt
30/12/2022), Plan
to fully implement mobile device management
system halted indefinitely : The prime minister
instructed the finance minister not to implement
the decision amid public criticism (kp
31/12/2022)
Revenue
collection fails to meet target (kh
20/12/2022), Economic
slowdown hits IRD’s revenue collection hard
(ae 20/12/2022)
Over
66 percent of taxpayers in Dhanusha do not
submit tax details regularly (kh 19/12/2022)
Birgunj
Customs Office fails to meet revenue collection
target (kh 30/11/2022)
VAT
refund system in Nepal Design and implementation,
by Rup Khadka (ht 28/11/2022)
Inland
Revenue honours big taxpayers : Vijaya Kumar
Shah, chairman of the Jawalakhel Group of
Industries, topped the list among individual
taxpayers while Nepal Telecom was announced as
the country’s largest income taxpayer (kp
24/11/2022)
DoT
collects Rs 93 million in royalties (ht
22/11/2022)
Twenty-five
years of VAT : Owing to past experiences with
bureaucracy, nobody believed they would get a
tax refund, by Rup Khadka (kp 21/11/2022)
Huge
decline in share transaction takes its toll on
govt revenue from capital gains tax (rep
16/11/2022)
Government
struggling to hit revenue targets after
prolonged import curbs : Its contrasting policy
of reducing imports but boosting revenues, as
expected, appears to be headed for a failure.
Election-targeted populist measures have not
helped either, by Prithvi Man Shrestha (kp
02/10/2022)
Extra
charge cannot be added to menu, court rules : A
Kathmandu District Court verdict prevents
businesses from adding 13 percent VAT and 10
percent service charge to the bill, as they have
been doing, by Krishana Prasain (kp
28/09/2022)
Government
changes tax rate of various goods (kh
09/09/2022)
City
gives Nepal Army and Nepal Police 10 days to pay
due rental taxes : Officials say Army and Police
headquarters have been running businesses from
their premises but have not paid taxes (kp
09/09/2022)
Kathmandu
metropolis pursues big tax evaders : City gives
17 firms 10 days to pay taxes. On Sunday it
wrote to 7 casinos to clear entertainment tax in
a week, by Anup Ojha (kp 07/09/2022)
Ministry
of Communications collects Rs 7 billion in
revenue (kh 24/08/2022)
Banke
collects Rs 29.65 billion in revenue (kh
07/08/2022)
Rs
28.8 million plus revenue exempted as women
register land plots in their names (rep
05/08/2022)
Bhairahawa
Customs office meets 90 percent revenue
collection target: Import worth Rs 300 billion,
exports worth Rs 7 billion (rep 02/08/2022)
Digital
services provided by foreign firms to be taxed
from tomorrow : Digital service providers such
as YouTube, Facebook, Twitter, Netflix and
others will have to register in Nepal from July
17, officials say, by Pawan Pandey (kp
16/07/2022)
Government
meets 88.41 percent target in revenue collection
(kh 15/07/2022)
Nepal
has over 4 million taxpayers (kh 14/07/2022)
DRI
files a Rs 443.8 million fraud case against 27
people (kh 29/06/2022)
Meeting
revenue target a tough ask amid import reduction
plan : The government collects more than half of
the total revenue from imports. The country’s
forex reserves, however, have been dwindling
fast due to import surge, by Prithvi Man
Shrestha (kp 12/06/2022)
IRD
discloses tax rates as per reforms proposed in
budget for upcoming fiscal (kh 07/06/2022)
Income
tax limit likely to incur a loss of over Rs 20
billion : 1% income tax up to Rs 600,000 (kh
01/06/2022)
Govt
plans to trim taxes on petroleum products
(nlt 27/05/2022)
More
than 4.5 million take PAN in Nepal (kh
03/05/2022)
New
case on fake VAT receipts filed at Patan High
Court : Revenue investigation department has
earlier filed cases of fake VAT receipts for
Rs25 billion (kp 25/04/2022)
DRI
files cases against three companies for evading
over Rs 180 mln revenues (kh 25/04/2022)
Licenses
of three casinos revoked for non-payment of
arrears (rep 31/03/2022)
Govt.
Treasury Up By 20%, Tax Revenue Covers Over 85%
Of Govt. Income (rn 21/03/2022)
DRI
files Rs. 165 million revenue leakage case
against three persons (kh 16/03/2022)
Court
orders Hetauda sub-metropolis to stop tax
collection by placing road barriers (rep
11/03/2022)
Revenue
fraud lawsuit claiming over Rs 7 bln filed
against Coca-Cola Nepal (kh 11/03/2022), Rs
7.43 billion tax evasion case filed against
Bottlers Nepal : The Department of Revenue
Investigation has accused Bottlers Nepal of
evading capital gain tax while transferring its
ownership (nlt 11/03/2022), Bottlers
Nepal faces tax evasion case of Rs3.71 billion :
Company faces charge of not paying capital gains
tax when majority ownership was transferred in
October 2014, by Prithvi Man Shrestha (kp
12/03/2022)
PPO
recommends to govt to take legal action against
Bottlers Nepal accused of evading capital gains
tax (rep 03/03/2022)
New
Import Provisions Shrink Customs Revenue (rn
27/02/2022)
Revenue
collection: Nepal collects more than Rs.
33 billion extra than in previous fiscal year
(kh 21/02/2022)
Govt
collects Rs 764.50 million in royalty dues from
casinos, six casinos yet to pay Rs 1.11 billion
(rep 20/02/2022)
Government
goes after delinquent hotels and casinos : With
many casinos defaulting on their taxes, casino
royalty irregularities have piled up to nearly
Rs2 billion, by Sangam Prasain (kp
11/02/2022)
KMC
recovers Rs 70 million arrears from tax payers
(kh 10/02/2022)
Nepal’s
electric vehicle imports surge after tax cuts :
According to the Department of Customs, 1,103
battery-powered cars worth Rs3.24 billion
entered the country between mid-July and
mid-January, by Krishana Prasain (kp
02/02/2022)
Govt
revenue collection falls short of target by Rs
17 billion in first half of current FY (rep
17/01/2022)
Imports
Revenue Edges Up By 44% (rn 24/12/2021)
DRI
summons Bottlers Nepal’s executives, steps up
preparations to file lawsuit against them on
charge of revenue leakage (rep 19/12/2021)
Local
govts told to abide by law in tax collection
(ht 16/12/2021)
Revenue
collection exceeds target in Nawalpur (kh
09/12/2021)
SC
trashes Oli govt’s decision to hike tax on
retirement payments (rep 08/12/2021)
DoRI
sues five businessmen on deceit and fraud
allegation worth 244 million (kh 07/12/2021)
DRI
files cases, seeks to recover Rs 447.38 million
from two individuals accused of revenue leakage
(rep 05/12/2021)
FNCCI
urges govt to simplify policy and procedural
hurdles in taxation (rep 02/12/2021)
Discount
schemes fail to attract tax defaulters : Just 25
percent tax target met, latest Department report
says (kp 01/12/2021)
Revenue
collection at Birgunj Customs Office surpasses
target by Rs 5 billion (rep 24/11/2021)
Expand
tax base : The taxpayer must feel that the tax
being paid will be utilised for the well-being
of fellow citizens and not squandered (ht
19/11/2021)
Finance
Minister Sharma promises reward to those
reporting tax evasion cases (rep 18/11/2021)
Cases
filed against 12 for evading taxes (kh
17/11/2021)
National
Tax Day : Remembering 3 VAT heroes, by Rup
Khadka (ht 17/112021)
Nepal
Telecom honored as the largest Taxpayer (rep
17/11/2021)
Mechanism
To Be Made To Hear Tax-Payers' Complaints
(rep 17/11/2021)
Govt
raises duties on silver import by around 26
percent in a bid to check its illegal trading
(rep 15/10/2021)
Inland
Revenue Office raids tax evading suppliers
(kh 06/10/2021)
Birgunj
customs office collects Rs 855.08 billion in two
months (kh 27/09/2021), Biggest
Birgunj customs collects Rs 40 bln revenue in
two months (kh 29/09/2021)
Revenue
Department files cases claiming Rs24.74 billion
in lost taxes : Cases involve use of fake value
added tax receipts and foreign currency misuse
by firms and individuals, by Prithvi Man
Shrestha (kp 24/0/2021)
FinMin
Sharma under scanner over his decision to waive
taxes on sponge iron, by Balkrishna Gyawali
rep 18/09/2021)
Lalitpur
metropolis starts bringing vehicles with
advertisements under tax net (rep
13/09/2021)
Govt
hikes tax on two-wheelers (kh 11/09/2021)
Kathmandu
Metropolitan City is using music and dance to
caution tax defaulters : Seventy-five businesses
and entities owe the City Rs 600 million in
taxes, say officials, by Anup Ojha (kp
26/08/2021)
Impose
inheritance tax to change politics : Family
feuds generally revolve around ancestral assets
in the form of land and property, by Sujeev
Shakya (kp 24/08/2021)
NOC
contributes Rs 97 billion to govt’s revenue,
by Dilip Poudel (rep 24/08/2021)
Govt
Launches Customs Reform And Modernisation Plan
(rn 18/08/2021)
KMC
gives three-day ultimatum to 23 big taxpayers to
pay taxes (rep 28/07/2021), Kathmandu
Metropolitan City announces to padlock offices
of 23 tax evaders : Analysts say the City has
made such promises in the past as well and,
owing to a lack of sincerity on the part of its
officials, has failed to bring taxpayers under
the tax net, by Anup Ojha (kp 30/07/2021)
Bagmati
Province launch TMIS, an online platform to pay
vehicle tax (rep 24/07/2021)
Revenue
of over Rs 80 million collected (kh
18/07/2021)
Food
industry evading tax worth over Rs 90 million
(kh 08/07/2021)
Government
is way behind tax revenue target as fiscal year
ends on July 15 : Annual target is Rs450 billion
but the Inland Revenue Department has collected
just Rs373.26 billion until July 3, by
Prithvi Man Shrestha (kp 06/07/2021)
Bhatbhateni
Supermarket tax fraud case: SC allows review of
its former verdict (kh 25/06/2021)
KMC
to provide special discount to taxpayers (kh
18/06/2021)
Private
sector urges tax filing deadline extension
(ht 05/05/2021)
13
firms accused of embezzling Rs 2.19 billion
using fake VAT bills (rep 25/04/2021)
DoRI
files revenue fraud cases against 16 people
(ht 24/04/2021)
Tax
authorities bust fake VAT bill racket :
Individuals associated with more than 170 firms
charged with tax evasion amounting to Rs22
billion, by Prithvi Man Shrestha (kp
15/04/2021)
DoC
plans to hire custom agents after two decades
(ht 30/03/2021)
Cases
filed against nine firms for dodging nearly Rs3
billion in taxes : Four of these firms, with
involvement of the same person, were found to be
selling goods that they had not procured
legally. The racket involves purchase of fake
VAT bills (kp 27/03/2021)
KMC
to bring house owners, businesspersons under tax
net (ht 24/03/2021)
Over
500,000 taxpayers hit by pandemic get tax waiver
worth over Rs2 billion : In the Financial Act,
the government provisioned tax discounts ranging
from 20 to 75 percent for pandemic-affected
businesses from their tax liability for last
fiscal year, by Prithvi Man Shrestha (kp
21/03/2021)
Tax
authority seeks domestic solution to excise
sticker shortage problem : After awarding
contracts to Janak Education Materials Centre to
print 1.44 billion pieces of excise stickers,
officials are considering ordering a billion
more pieces, by Prithvi Man Shrestha (kp
18/03/2021)
Scheme
to motivate tax arrears payment sees poor
response : Just over 8,000 people have taken
advantage of the scheme so far against the
targeted participation of more than 40,000,
by Prithvi Man Shrestha (kp 07/03/2021)
Fewer
taxpayers obtain PAN as coronavirus bites
economy : According to the Finance Ministry,
393,630 persons and firms received taxpayer
identification numbers during the first six
months, by Prithvi Man Shrestha (kp
04/03/2021)
20
per cent local stake in Ncell needs to be probed
: Money appears to have flowed covertly to fund
local partners via tax havens (ht
10/01/2021), Start
a probe : While Nepal welcomes FDI, we must see
to it that there are no shady deals to
circumvent the country’s laws (ht
11/01/2021)
LTO
reassesses Ncell’s CGT liability at Rs 60
billion (ht 04/01/2021)
Supreme
Court seeks govt explanations on scrapping 10%
customs duty on imported books (rep
19/12/2020)
Tax
authority’s excise sticker procurement bid faces
yet another legal hurdle : Court’s latest
interim order to halt the process may
impact production and distribution of
liquors and tobacco in the country, by
Prithvi Man Shrestha (kp 07/12/2020)
Five
firms accused of embezzling Rs 410 million using
fake VAT bills (rep 03/12/2020)
FNCCI
demands repeal of double taxation system (ht
03/12/2020)
Outstanding
tax dues top Rs100 billion as government
struggles to raise revenue : Taxpayers have
appealed to the Department of Inland Revenue and
revenue tribunals for a reassessment of their
dues (kp 29/11/2020)
Nepal
steps up preparations to sign Double Tax
Avoidance Agreement with three more countries
(rep 28/11/2020)
Insignificant
revenue, pressure made government roll
back duty on books : While importers welcome the
move, authorities are now worried about capital
flight with overvaluation of imported books,
by Prithvi Man Shrestha (kp 27/11/2020)
Half
of taxpayers fail to file tax returns as virus
hits income, by Prithvi Man Shrestha (kp
27/11/2020)
Govt’s
revenue mobilisation stands at 22.33% of the
country’s GDP in 2019/20 (rep 26/11/2020)
Business
owners told to clear income tax dues by
mid-March (ht 26/11/2020)
IRD
collected Rs 384.53bn revenue last fiscal
(ht 25/11/2020)
FinMin
urges stakeholders to meet revenue target
(ht 24/11/2020)
Remove
the ‘luxury tax’ to overcome period poverty in
Nepal : Nepal should stop charging value added
tax on menstrual products to make them more
affordable, by Jesselina Rana and Shubhangi
Rana (kp 18/11/2020)
Slow
first quarter revenue may force government
to borrow more : Authorities may fail to show
urgency to make up for the gap amid sluggish
spending, thereby upending economic activities,
experts say, by Prithvi Man Shrestha (kp
12/11/2020)
Rasuwa
customs office collects Rs 1 billion in revenue
in four months (rep 11/11/2020)
Biratnagar
Inland Revenue Office fails to meet revenue
collection target (kh 10/11/2020)
First
quarter end gives some respite to govt in
revenue collection (rep 17/10/2020)
Tax
authority tells nearly 30,000 firms to submit
tax details or face de-registration : The number
of non-filers has been growing each year and
most of these businesses are not in operation,
say authorities, by Prithvi Man Shrestha (kp
13/10/2020)
Revenue
collection exceeds target in Nepalgunj customs
office (kh 22/09/2020)
As
revenue dips, provincial and local governments
worry about funds from centre : Federal
government can reduce the promised funds but
this would jeopardise projects, by Prithvi
Man Shrestha (kp 14/09/2020)
Government
press for textbooks to print nearly 100 million
excise duty stickers : Inland Revenue Department
forced to seek domestic solution as an emergency
measure since it has run out of important
stickers with Indonesian company selected to
print them not showing up and Lithuanian
company’s claim in court, by Prithvi Man
Shrestha (kp 31/08/2020)
Government
collects Rs 61bn revenue in first month of
current fiscal (ht 20/08/2020)
Officials
won’t force taxpayers to clear their dues just
yet: They are waiting for the final verdict from
the Supreme Court on collection of taxes during
the lockdown, by Prithvi Man Shrestha (kp
16/08/2020), Govt
introduces a number of waivers and relief
measures for taxpayers late on filing returns
(rep 16/08/o2020)
Around
200 firms sell fake VAT bills worth Rs 15
billion leading to huge tax evasion: Revenue
probe department: The racketeers who sold the
fake VAT bills have been found to have
registered firms in the name of poor and
ignorant people from rural areas so that they
can avoid being indicted by law enforcement
agencies, by Prithvi Man Shrestha (kp
06/08/2020)
Book
imports at a trickle as issues remain
unresolved: Government not backing down on
decision to tax books published in West based on
their original value even as importers pay
discounted Indian prices (kp) [Politicians cannot read, at
least they don't. So, why should they try to
promote people's literacy?]
Revenue
Collection: What is a realistic target in a
Covid-19 fiscal Year? (kh 18/07/2020)
Cases
filed against six people for Rs3.82b revenue
dodging: According to the department, the
company dodged customs duty amounting to Rs1.71
billion, value added tax (VAT) amounting to
Rs592.81 million and income tax including
capital gain tax amounting to Rs121.43 million,
by Prithvi Man Shrestha (kp 16/07/2020)
Driving
in reverse gear: Nepal's new tax policy is not
in support of the adoption of electric vehicles.
It is actually going against the global trend,
by Paban Raj Pandey (kp 16/07/2020)
Revenue
collection picks up pace as taxpayers volunteer
to pay to state coffers: As per a Supreme Court
order, tax authority should give taxpayers at
least 30 days from the day of complete lifting
of the lockdown to pay their dues, by
Prithvi Man Shrestha (kp 05/07/2020)
Tax
authorities, government-run presses negotiating
deal to print excise duty stickers: The
department is considering to assign the job to a
government press after the Indonesian company
selected to print the stickers failed to show up
to sign the contract, by Prithvi Man
Shrestha (kp 04/07/2020)
Businesses
start paying taxes though not obliged to (ht
25/06/2020)
Shortage
of excise stickers likely to deepen after
Indonesian company fails to sign contract:
Authorities look for alternatives as they can’t
issue fresh bids or award the contract to the
second-ranked bidder, by Prithvi Man
Shrestha (kp 21/06/2020)
Finance
minister shows bleak revenue situation as court
halts revenue collection: Government fears it
will be unable to meet liabilities such as
salary, pension and social security allowance,
by Prithvi Man Shrestha (kp 15/06/2020)
Supreme
Court orders government to allow taxpayers a
month after lockdown ends: Authorities ordered
not to implement tax notice and make justifiable
review at places where people continue to face
difficulties (kp 12/06/2020)
Taxman
shows leniency toward liquor sector and casino
licence holders: The liquor industry is already
heavily taxed, and sales have dropped due to the
lockdown, an official says, by Prithvi Man
Shrestha (kp 11/06/2020)
As
the never-ending lockdown continues, taxmen ask
business firms to clear taxes: Taxpayers say
they have not been able to collect cash from the
market and are unable to pay the tax at the
moment, by Prithvi Man Shrestha (kp
03/06/2020) [???],
Deadline
to pay taxes extended by a fortnight to June 21:
The Inland Revenue Department deferred the
deadline after meeting with widespread criticism
for asking citizens to pay taxes in the middle
of a lockdown, by Prithvi Man Shrestha (kp
03/06/2020)
Move
to raise taxes on EVs draws flak (ht
30/05/2020)
Budget
announces significant tax exemptions of up to 75
percent for micro and small industries: The
budget for the upcoming fiscal year has sought
to provide remedy to industries affected by
Covid-19, including tourism, agriculture and
small businesses, by Prithvi Man Shrtestha
(kp 29/05/2020)
Lockdown
Effect: Customs Office Collects Not A Penny
Since April 13 (rn 08/05/2020)
Lockdown
hits revenue collection at Birgunj Integrated
Check Post: Collection reached 35.61 percent of
the total revenue intake targeted for the period
March 14 to April 11, by Ahankar Acharya (kp
17/04/2020)
Govt
collected only Rs 42b in taxes last month
(rep 14/04/2020)
Ncell
deposits Rs 14.33 billion in govt coffer, meets
CGT responsibilities (ht 13/04/2020)
IRD
extends deadline for VAT until May 7 (rep
06/04/2020)
Revenue
collection from domestic sources on the rise
(rep 30/03/2020)
The
mystery behind books and taxes: There is
absolutely no proof that the customs duty on
imported books has benefitted local printing
presses, by Ruzel Shrestha (kp 23/03/2020)
Tax
authority picks Indonesian company for supplying
excise duty stickers: Perum Peruri quoted a
price of $10.47 million—the lowest among four
bidders, according to the Inland Revenue
Department, by Prithvi Man Shrestha (kp
17/03/2020)
Revenue
Investigation body issues public notice to firms
involved in suspicious transactions: Most of the
firms were allegedly involved in the transaction
of fake VAT bills, by Prithvi Man Shrestha
(kp 08/03/2020)
Government
issues 35-day ultimatum to non-paying casinos
and hotels: The defaulting firms have been told
to settle their overdue royalties and taxes
totalling Rs 1.57 billion with penalty and
interest, by Sangam Prasain (kp 07/03/2020)
Export
revenues from listed products down 4 percent in
the first six months: Shipments from mid-July to
mid-January were worth Rs 18.09 billion,
according to the Trade and Export Promotion
Centre, by Krishana Prasain (kp 29/02/2020)
Govt
raises infrastructure tax on petrol, diesel by
Rs 5 per liter (rep 28/02/2020) [??]
Supreme
Court paves way for tax authority to procure
excise duty stickers: The process to procure the
excise stickers that need to be pasted on liquor
and tobacco products had to be put on hold after
a writ petition demanded that domestic printers
also be allowed to participate in the bidding,
by Prithvi Man Shrestha (kp 25/02/2020), With
Supreme Court consent, tax authority moves
forward with plans to procure excise duty
stickers: Excise stickers for imported liquor
have run out and the current stock of stickers
for domestic liquor and tobacco will only last
until mid-June, say officials, by Prithvi
Man Shrestha (kp
Stock
of excise duty stickers for domestic liquor and
tobacco products depleting fast: Tax officials
say they have few options—either using stickers
meant for other types of products or put a halt
to sales of domestic liquor and tobacco product,
by Prithvi Man Shrestha (kp 17/02/2020)
10pc
VAT rebate scheme on e-payments from today
(ht 11/02/2020)
Ncell
to pay all outstanding dues by May, tax
authority says: After paying Rs4.5 billion in
December last year, the company is supposed to
pay around Rs19 billion in tax dues and interest
(kp 01/02/2020)
Bookstores'
decision to halt imports places attention once
again on taxes on books: Responding to the
decision, many on social media have decried the
taxation of books on the grounds that reading is
about learning and education, by Shashwat
Pant (kp 30/01/2020), Scrap
the import duty on books: They should be making
books cheaper, not more expensive (kp
31/01/2020)
Dadheldhura
locals complain of ‘exorbitant’ taxes: Many
locals complain that the rising rate of taxes
has taken a toll on their finances, by D.R.
Pant (kp 28/01/2020)
Revenue
from internal sector improving: FinMin (rep
27/01/2020)
Government
forming permanent revenue board to address tax
concerns (rep 26/01/2020)
Rasuwa
customs collects Rs 27.5 billion in revenue
since 2015 (rep 26/01/2020)
Nepalgunj
Customs Office raises revenue target despite
illegal imports, by Arjun Oli (kp
23/01/2020)
Drinking
water users’ committees told to pay income tax
on savings, and they are not happy: Consumer
committees say they should get tax exemption as
they are not distributing dividends from their
saved amount, by Prithvi Man Shrestha (kp
21/01/2020)
Federal
government faces a revenue deficit of Rs 90
billion in the first half: Government officials
blame a drop in imports and sluggish economic
activities for the fall in revenue collection,
by Prithvi Man Shrestha (kp 20/01/2020)
Revenue
collection falls short by Rs 104b in first half
(rep 16/01/2020)
Rasuwagadhi
meets 78% of annual revenue target in 6 months,
by Himnath Devkot (rep 16/01/2020)
Bhat-Bhateni
among firms faking VAT bills worth millions: SC
(rep 14/01/2020)
Government
is running out of duty stickers and that may
halt liquor and cigarette sales: All liquor and
cigarette products require an excise duty
sticker, but with the procurement process
halted, stickers are fast running out, by
Prithvi Man Shrestha (kp 09/01/2020) [This is the best government
(in)action for people's health yet!]
British
Council owes millions in taxes, a complaint
filed in Parliament says: A consumer rights
forum lodged a complaint alleging that the
British Council has not paid taxes on its income
from IELTS, by Binod Ghimire (kp 03/01/2020)
Ncell
pays Rs4.5 billion from its outstanding tax
liability: The Supreme Court on November 21
determined the tax to be paid by Ncell at Rs21.1
billion, by Prithvi Man Shrestha (kp
01/01/2020)
What
Ncell tax dispute is all about: Confusions arose
early on whether to tax the mega buyout deal.
Campaigners later pressured government
authorities and the court to recover the tax
dues. Now an international tribunal has ruled in
Ncell's favour as tax authorities didn't defend
the case, by Prithvi Man Shrestha (kp
26/12/2019)
DRI
files cases to recover Rs 118.11 million in
taxes, fine (rep 25/12/2019)
After
LTO, NTA tells Ncell to ‘clear all dues’:
Telecom company has to do so by Jan 2, otherwise
it risks losing frequency blocks it won in
recent spectrum auction, by Sujan Dhungana
(kp 24/12/2019), Supreme
Court refuses to register petition demanding a
review of its verdict on Ncell tax: A full
verdict of the court last month had fixed
outstanding tax dues of the telecom company at
Rs21.1 billion against tax authority’s claim of
Rs39.06 billion, by Prithvi Man Shrestha (kp
25/12/2019)
LTO
starts consultation with MoF to chart future
course (ht 21/12/2019)
Fake
bill scam: DRI seeks Rs 1.95bn from Varun
Beverages (ht 20/12/2019), Varun
Beverages pays Rs1.6 billion bail to prevent
arrest of its officials over tax fraud case: The
Department of Revenue Investigation had on
Tuesday filed a case against seven current and
former officials of the company for evading tax
worth Rs649.6 million by producing fake VAT
bills, by Prithvi Man Shrestha (kp
21/12/2019) [This must
not prevent them from being punished by a law
court!]
Govt
told not to collect CGT from Ncell: A US-based
international court issues interim order, by
Rupak D. Sharma (ht 20/12/2019), Confusion
reigns over Ncell’s tax liability after
international tribunal’s provisional order:
International arbitration body’s ruling that
Ncell does not need to pay any capital gains tax
contradicts a ruling by Nepal’s Supreme Court,
by Prithvi Man Shrtestha (kp 23/12/2019), Ncell
gets 15-day ultimatum to pay CGT: ICSID’s
interim order to be discussed with govt: LTO
by Sujan Dhungana (ht 23/12/2019)
Revenue
collection growth rate plunges amid reduced
imports: Experts say that a heavy slump in
average growth rate in revenue should be a cause
for concern as it may lead to the government
failing to finance development projects, by
Prithvi Man Shrestha (kp 09/12/2019)
Ncell
asked to pay Rs 22.44bn by Dec 19 (ht
09/12/2019)
DRI
files cases against 50 tax evaders (rep
03/12/2019)
Simplifying
tax regime; The goal of an ideal tax regime is
not to create an extractive system but to
increase the yield from economic activities
while running the state efficiently, by
Biswo Poudel (rep 02/12/2019)
‘Bring
homestay service under income tax net’ (ht
27/11/2019)
Supreme
Court says Ncell’s tax liability stands at Rs
21.10 billion: The tax authorities had initially
determined a liability of Rs39.06 billion
(kp 22/11/2019)
LTO
recognises NT as highest taxpayer, Ncell not
even in the race (ht 21/11/2019)
DRI
sues three firms for using fake VAT bills to
evade taxes (rep 19/11/2019)
Govt
felicitates highest taxpayers, by Umesh
Poudel (ht 18/11/2019), Three-fourth
of taxes will be collected from internal
sources: FinMin (rep 18/11/2019)
IRD’s
revenue collection target unmet (ht
17/11/2019)
Revenue
Investigation Department files cases on
multi-billion rupee tax evasion scam: More than
900 firms are under investigation for purchasing
fake VAT bills, by Prithvi Man Shrestha (kp
16/11/2019)
Tariffs
on half a dozen goods revised again after Q1
(rep 14/11/2019)
Medical
colleges charged extra fees of nearly Rs3
billion in three years, a new report says: As
some colleges received fees without providing
bills, there has also been tax evasion, by
Prithvi Man Shrestha (kp 11/11/2019)
Govt
raises customs duty on gold, silver: Decision
will hit our businesses hard, say jewellers,
by Sujan Dhungana (ht 11/11/2019), Gold
imports grind to a halt as buyers flee high
prices: The yellow metal traded at Rs71,200 per
tola in the local bullion market on Tuesday,
by Krishana Prasain (kp 13/11/209)
Truckers’
syndicate against mandatory VAT, by Rekha
Bhusal (rep 04/11/2019) [?????]
Birgunj
customs falls 32% short of revenue target,
by Ritesh Tripathi (rep 31/10/2019)
After
a massive revenue shortfall, officials find the
culprit: overambitious target: Although a
decline in imports contributed to the shortfall,
experts have also raised questions about poor
collections from domestic economic activities,
by Prithvi Man Shrestha (kp 24/10/2019)
Tax
authorities say defaulters’ bank accounts will
remain frozen: Despite adopting measures last
year, many are yet to clear their dues, by
Prithvi Man Shrestha (kp 22/09/2019)
Government
revenues take a hit as imports decrease: Traders
cite weak demand and high import duties for the
decline, by Prahlad Rijal (kp 21/09/2019)
Govt
to auction imported vehicles parked at
Birgunj customs office: Automobile importers yet
to collect over 350 vehicles, by Umesh
Poudel (ht 20/09/2019)
CFUGs
launch protests against overlapping taxes
(rep 17/09/2019)
Revenue
Investigation Department readies case against
fake VAT bill purchasers: There have been deals
of such bills amounting to Rs10 billion, in one
of the largest revenue evasion scams, by
Prithvi Man Shrestha (kp 14/09/2019)
MoFA
lobbying for full exemption of tax on 'foreign
allowance', by Sunil Sapkota (rep
12/09/2019)
Govt
says rumours being spread about tax system
(ht 06/09/2019)
The
Bogeyman Of Inheritance Tax, by Uttam
Maharjan (rn 05/09/2019)
Govt
mulls introducing inheritance tax, by GP
Bhandari (rep 31/08/2019), Plan
to introduce inheritance tax draws mixed
reaction (rep 01/09/2019)
Supreme
court gives respite to Ncell in capital gains
tax case: Supreme Court says the mobile
company’s tax liability does not stand at Rs39
billion, by Prithvi Man Shrestha (kp
27/08/2019), SC
rules in Ncell’s favour: The telecom’s dues now
is Rs 22bn as it has already paid Rs 23 bn ,
by Ram Kumar Kamat (ht 27/08/2019), Lawmakers
concerned about SC’s Ncell verdict (ht
31/08/2019)
Service
seekers troop to collect PPAN, over 40,000
receive cards, by Arjun Oli (rep 24/08/2019)
Permanent
account number rule to come into force despite
calls for deferral: The private sector said
implementation should be postponed because of
practical difficulties, by Rajesh Khanal (kp
19/08/2019), PAN
not necessary for daily wage up to Rs 2,000
(ht 21/08/2019)
Pathao
seeks review on tax liability, Tootle stays
passive: Officials say tax would be recovered
from Tootle as any other tax dues, by
Prithvi Man Shrestha (kp 07/08/2019)
Court
orders Gorkha Brewery to clear Rs 871.4m in a
week: In June, the brewery lodged a petition
expressing dissatisfaction over the tax
determined by the Inland Revenue Office, by
Samuel Chhetri (kp 01/08/2019)
Row
related to CGT in share transaction resolved
(ht 01/08/2019)
Over
6,100 firms join VCTS, by Muna Sunuwar (rep
30/07/2019)
Builders
complain about tax authority freezing their bank
accounts: Those having tax liability face action
such as export-import ban and travel restriction,
by Prithvi Man Shrestha (kp 29/07/2019)
Things
to know about PAN, by Muna Sunuwar (rep
28/07/2019)
Complexity
of computing capital gains hinders
implementation of new rule: Share investors,
brokers and even the regulatory authority have
no idea how to implement the government's new
policy, by Rajesh Khanal (kp 23/07/2019)
Revenue
collection target missed by Rs 25bn (ht
18/07/2019)
Govt
enforces online consignment tracking system:
Private sector leaders skeptical about effective
implementation (rep 18/07/2019)
Revenue
Investigation Department identifies new group
involved in faking and selling VAT bills:
Investigations show fake VAT bills worth over
Rs8 billion were sold to more than 600 firms,
by Prithvi Man Shrestha (kp 13/07/2019)
Whose
book is it anyway? India and Nepal have finally
agreed on something: the decision to charge an
import tax on imported books, by Amish Raj
Mulmi (kp 12/07/2019)
Govt
decision to impose 90% tax on community forests
draws flak (rep 09/07/2019)
PAN
mandatory for all income earners from mid-July,
by Muna Sunuwar (rep 02/07/2019)
Tax
office freezes bank accounts of over 5,000
taxpayers—firms and individuals: Officials say
some of them have been barred from travelling
abroad, by Prithvi Man Shrestha (kp
01/07/2019)
Supreme
Court clears the deck for tax authority to
recover unpaid taxes from Sumargi: Inland
Revenue Department says Sumargi sold his stake
in Nepal Satellite Telecom for Rs5.63 billion to
Cyprus-based Airbell Service, but failed to pay
capital gains tax, by Prithvi Man Shrestha
(kp 24/06/2019)
Customs
duty on books adds to students’ financial burden
while killing reading culture: While publishers
and book enthusiasts say the customs duty is
unnecessary, others say it could benefit
the Nepali publishing industry, by Diya
Rijal and Bhrikuti Rai (kp 22/06/2019)
In
latest fake VAT bill scandal, revenue department
charges 15 individuals: Suspects are accused of
evading Rs 2.9b in taxes, by Prithvi Man
Shrestha (kp 22/06/2019)
'Tax
waiver for startup' scheme ambiguous, by
Nikeeta Gautam (rep 19/06/2019)
Revenue
Investigation Department files tax evasion cases
against 238 persons: Department seeks Rs18.32
billion in fines and up to three years’
imprisonment, by Rajesh Khanal (kp
18/06/2019)
New
tax rule to fine customers who do not receive
VAT bill while buying goods, by Rajesh
Khanal (kp 17/06/2019)
Rasuwagadhi
customs collected Rs 10b in 11 months (rep
17/06/2019)
VAT
refund privilege scrapped for commercial users
of cooking gas, diesel: Currently, factories and
hotels receive up to 40 percent of the value
added tax amount as tax refund, by Rajesh
Khanal (kp 13/06/2019)
Govt
mulls higher import duty on luxury goods (ht
13/06/2019)
Value
added tax shoots prices of essentials: Rice,
pulses, sugar and flour have become dearer after
the budget, by Rajesh Khanal (kp 10/06/2019)
Government
amends VAT rule to improve compliance (rep
04/06/2019)
Consumers,
suppliers to share VAT burden, by Sujan
Dhungana (ht 03/06/2019)
Government
revises tax structure and changes income tax
slab for salary earners: To encourage
transactions under the VAT regime, finance
minister announces a 10 percent return if
payments are made digitally or through bank
cards, by Rajesh Khanal (kp 30/05/2019)
Poor
revenue collection puts government in tight
spot: The Economic Survey shows the government
is under pressure to manage resources in
relation to the expanding government expenditure,
by Rajesh Khanal (kp 28/05/2019)
Govt
plans to raise CGT on share transactions from
next fiscal year, by Umesh Poudel (ht
27/05/2019)
‘Tax
hike on tobacco products will bring down
patients of cancer, heart diseases’ (ht
25/05/2019)
10pc
gap on import tax for raw materials, finished
goods (ht 25/05/2019)
Sirsiya
Dry Port misses revenue target: The customs
office is struggling to meet the target due to
decline in trade, especially iron and sugar
imports, by Shankar Acharya (kp 24/05/2019)
Arbitration
request filed against Nepal over Ncell tax row:
World body: The registration paves the way for
the formation of tribunal, by Prithvi Man
Shrestha (kp 23/05/2019), Axiata’s
request for int’l arbitration registered: Formal
process begins but lawyers say parties may also
choose amicable settlement (rep 23/05/2019)
Ajeya
Raj Sumargi has refused to pay capital gains
dues, tax office says: The dues are related to a
seven-year-old deal in which TeliaSonera bought
75 percent shares from Sumargi’s Nepal Satellite
Telecom, by Prahlad Rijal (kp 21/05/2019)
No
changes in liabilities of Tootle and Pathao in
final tax assessments: Officials say the
government has to recover dues because VAT
is applicable to their business, by Prithvi
Man Shrestha (kp 09/05/2019)
Ncell
tax issue prolongs as court upholds order not to
collect dues, by Prithvi Man Shrestha (kp
08/05/2019)
MoF
under
pressure to achieve revenue target: Government’s
policies to tighten import also to be blamed for
tepid collection, say officials (ht
02/05/2019)
Legal
experts
doubt success of Ncell and Axiata’s
international arbitration move: They say
Nepal-UK investment treaty does not allow
international arbitration on taxation, by
Prithvi Man Shrestha (kp 01/05/2019)
Fake
VAT
bill scam, which is under probe, estimated to be
worth over Rs 7 billion: Failure to take timely
measures and non-implementation of laws
encouraged fraudsters to continue
practice, experts and officials say, by
Prithvi Man Shrestha (kp 29/04/2019)
Finance
Minister hints at expanding tax base, by
Rajesh Khanal (kp 24/04/2019)
Ncell
challenges
tax determined by authority at Supreme Court:
Mobile company says tax liability from capital
gains stands at Rs 14 billion—not Rs 39 billion,
by Prithvi Man Shrestha (kp 23/04/2019), Court
tells
authorities not to ask Ncell to pay dues for
now: The order comes days after Large Taxpayers
Office determined tax for mobile firm at
Rs 39.06 billion, by Tika R Pradhan (kp
26/04/2019)
Time
to
consider an inheritance tax: People are free to
earn and spend, but for opulence and activities
that hinder productivity, the state can push
measures, by Sukeev Shakya (kp 23/04/2019)
Pashmina
export revenues falling despite government
incentives, by Rajesh Khanal(kp 20/04/2019)
IRD
asks Tootle to pay Rs 33.9 million tax, by
Umesh Poudel (ht 18/04/2019), VAT
for Pathao set at Rs3 million: The move
comes a week after similar action was
taken against Tootle, by Prithvi Man
Shrestha (kp 22/04/2019)
Tax
office
says Ncell dues will make up for around half of
the revenue target shortfall: The mobile firm,
authorities say, has not responded to the
seven-day deadline to pay capital gains tax,
by Prithvi Man Shrestha (kp 18/04/2019), The
judges have spoken: The future course of action
depends on how Axiata reacts to the court order,
by Narayan Manandhar (kp 18/04/2019), As
Ncell
mulls tax decision, experts say it has no option
but to pay its dues: Ncell could, however, seek
a review on the amount or file a dispute with an
international body, officials say, by
Prithvi Man Shrestha (22/04/2019)
Tax
authorities
give Ncell seven days to pay Rs 39 billion in
dues: The total capital gains tax for private
telecom company Ncell and its parent company
Axiata has been set at Rs 62.63 billion, by
Rajesh Khanal (kp 17/04/2019)
Govt
working towards dynamic taxation system, says
Khatiwada (ht 16/04/2019)
Govt
gets three months to recover tax from Ncell,
Axiata, by Sujan Dhungana (ht 10/04/2019), Supreme
Court
sets three-month deadline for Ncell, Axiata to
clear dues: The mobile company has been barred
from repatriating profit and distributing
dividend until it pays capital gains tax, by
Tika R Pradhan (kp 10/04/2019)
Issue
bills, not ‘challans’: Taxman to Fire And Ice:
VAT spat: Unrepentant even after being penalised
(ht 01/04/2019)
Tax
department takes step to find fake VAT bill
purchasers, by Prithvi Man Shrestha (kp
28/03/2019)
Businesses
fleecing
consumers: Sellers, restaurateurs in capital
illegally adding value added tax to retail, menu
prices of products, food items, by Sujan
Dhungana (ht 27/03/2019)
More
businesses
and firms found involved in fake VAT bill scam:
Tax evasion racket burdens a government that is
struggling to meet its revenue target, by
Prithvi Man Shrestha (kp 25/03/2019)
Drawing
parallels: The Ncell case is reminiscent of the
Vodafone scam in India, by Narayan Manandhar
(kp 11/03/2019)
Case
filed
against firms issuing fake VAT bills: Despite
earlier scandal, racketeers continue to issue
counterfeit bills evading billions of rupees in
taxes, by Prithvi Man Shrestha (kp
06/03/2019)
Revenue
body takes on big cases after coming under PM’s
office, by Prithvi Man Shrestha (kp
02/03/2019)
Taxation
and
misconception: Conflict on concurrent powers on
revenue generation might remain. Government
should harmonize taxes in different tiers and
across horizontal units, by Dila Datt Pant
and Shailendra Uprety (rep 26/02/2019)
Revenue
collection
at Birgunj Customs hit due to protests: Only
Rs7.58 billion has been collected so far out of
a target of Rs13.72 billion, by Shankar
Acharya (kp 09/02/2019)
Top
court orders Ncell and Axiata to pay capital
gains tax: Order paves the way for government to
recover billions, by Prithvi Man Shrestha
(kp 07/02/2019), Supreme
Court weighs in on Ncell tax dispute, by
Sharad Ojha (nt 08/02/2019), Ncell,
Axiata need to pay Rs75 billion in capital gains
tax: Liability of two companies is related
to 2016 purchase deal, by Prithvi Man
Shrestha (kp 11/02/2019), Tax
authority sets Rs 87 billion in capital gains
tax on Ncell deal, by Prithvi Man Shrestha
(kp 11/02/2019), House
panel asks govt to collect CGT from Ncell at the
earliest (ht 11/02/2019)
Tax
exploitation
in Nepal: High taxation policy pursued by Nepal
has worked as a powerful drag on the economy by
hurting private sector incentive and
discouraging foreign investment, by Sukhdev
Shah (rep 06/02/2019)
Rasuwagadhi
revenue crosses Rs 15b post-quake, by
Himnath Devkota (rep 27/01/2019)
Misleading
figures:
The Finance Ministry must make a public
statement as to how erroneous figures on revenue
collection came to the fore (ht 22/01/2019),
Why
is government hiding revenue information for two
weeks? An estimated Rs 100 billion was
duplicated in the account (rep 31/01/2019)
Revenues
from
exports of designated products up 7pc: According
to TEPC, the country earned Rs15.76 billion from
exports of nine NTIS products between mid-July
and mid-December, by Rajesh Khanal (kp
09/01/2019)
Legal
contradictions put local levels in a fix (ht
07/01/2019)
Bill
to scrap controversial Tax Settlement Act,
by Prithvi Man Shrestha (kp 25/12/2018)
DoT
collects Rs 460 million revenue in four months
(rep 16/12/2018), Tourism
dept collects Rs 451m revenue in first 4 months
of FY18/19 (rep 23/12/2018)
Locals
of Nagarkot protest against local units for
double taxation on tourists, by Krishna KC
(rep 15/11/2018)
Ministry
for
repealing tax settlement Act: Move follows
controversy over exemption of taxes totalling
Rs21 billion granted by the Tax Settlement
Commission: Move follows controversy over
exemption of taxes totalling Rs21 billion
granted by the Tax Settlement Commission, by
Prithvi Man Shrestha (kp 28/10/2018)
Tax
beyond people's capacity at local levels: Study
Report (rep 26/10/2018)
Traders
ignore IRD’s directive (ht 26/10/2018)
Rasuwagadhi
customs mobilizes Rs 2.32 billion in revenue in
Q1, by Himnath Devkota (rep 25/10/2018)
Revenue
growth of 41.7pc seen in Q1 (ht 24/10/2018)
Customs
revenue jumps on soaring Dashain imports, by
Balram Ghimire (kp 17/10/2018)
Import
financing, revenue positively correlated (ht
15/10/2018)
In
Dang, Double taxation continues unabated, by
Devendra Basnet (rep 25/09/2018)
Revenue
probe comes under PM’s office (kp
25/09/2018)
Govt
forms committee to sign tax treaty with various
countries, by Sagar Ghimire (rep 23/09/2018)
Panel
submits
report to FinMin: Three major aspects on dispute
of tax enforcement by the local and provincial
governments highlighted (ht
21/09/2018)
Rasuwagadhi
Customs Point misses revenue targets, by
Himnath Devkota (rep 19/09/2018)
Revenue
collection surges 36.7 per cent (ht
19/09/2018)
Medium
level taxpayers’ office established (ht
18/09/2018)
Tax
row due to ‘increased rates’: Probe member says
most local units have not imposed taxes besides
those authorised by the laws, by Prithvi Man
Shrestha (kp 16/09/2018)
Review
Flawed Property Tax, by Hira Bahadur Thapa
(rn 02/09/2018)
Kathmandu,
local
level spar over wealth tax: Municipal
Association of Nepal says the Finance Act for
this fiscal year will hit their revenue
collection; The federal government claims tax on
house and the area covered by it, asking local
level to collect land tax elsewhere, by
Prithvi Man Shrestha (kp 02/09/2018)
Even
poor farmers, vendors forced to pay taxes,
by Bishan Chettri (rep 01/09/2018)
Traders
in humla Want tax office in district, by
Jaya Bahadur Rokaya (kp 31/08/2018)
Government
panel begins study on tax dispute (ht
31/08/2018)
Government
defends taxes (kp 29/08/2018)
Land
revenue data goes digital: Asian Development
Bank supports 14 of 29 Land Revenue Offices
(kp 28/08/2018)
Govt
collects Rs 62.97 billion in revenue in the 1st
month of FY2018/19: Finance ministry officials
term collection encouraging (rep 28/08/2018)
DoT
sees revenues rise by 26% (rep 27/08/2018)
Revenue
collection hit (kp 24/08/2018)
Smuggling
of peppers thrive after betel nuts, by
Parbat Portel (kp 23/08/2018)
'Local
taxes are not the consequence of federalism',
by Mahabir Paudyal and Rudra Pangeni (rep
22/08/2018) [No, the
current tax chaos is a consequence of the total
inactivity of the government with regard to a
legal regulation of the federal state! Such a
regulation should have been introduced for all
three levels of the new system before the local
elections!]
Fruits
and vegetables trade still out of tax net
(rep 22/08/2018)
Water
suppliers warn of service closure (kp
21/08/2018) [Because of local taxes]
Local
government imposes Rs 50 per kg ‘export tax’ on
apples, by LP Devkota (kp 20/08/2018) [Those responsible should be
brought to justice!]
Federal
Tax Regime Under Attack, by Ritu Raj Subedi
(rn 18/08/2018)
Khatiwada
says current tax system is more just (kp
18/08/2018)
Himalayan
Cargo
operator ‘evaded tax’: Department of Revenue
Investigation seeks three-year jail, Rs 2.72
billion in penalty for husband-and-wife team,
by Sujan Dhungana (ht 18/08/2018)
Public
vents ire against tax hikes, by Prashasthy
Karki (rep 17/08/2018)
Gaushala
revises controversial tax rates following public
uproar (kp 16/08/2018)
Rising
Taxes: A Pain In The Neck, by Narayan
Upadhyay (rn 15/08/2018), Trials
and tribulations: Nepalis have become
disheartened because of arbitrary taxation
(kp 16/08/2018), No
taxation without service delivery (rep
16/08/2018)
New
taxes galore: Local units are on a tax
collection spree prompting the federal
government to step in, by Binay Kumar Mishra
(kp 13/08/2018), ‘People
are paying taxes for chickens and ducks’, by
Binod Ghimire (kp 14/08/2018)
Metros
trim house rent tax by 2pc: Kathmandu Metropolis
expects to collect Rs 2 billion in tax revenue
(kp 10/08/2018)
Ilam
Municipality imposes 50 paisa tax on petroleum
products (rep 01/08/2018)
Provinces
refuse to pullback taxes (kp 31/07/2018)
Birgunj
traders
take to streets against tax hike: Industrialists
claim that the decision to hike tax rates was
made hastily without getting input from them and
would cause economic mayhem, by Shankar
Acharya and Bhusan Yadav (kp 30/07/2018)
Achieving
VAT
target: New budget’s revenue target of VAT
hinges on how effectively Inland Revenue
Department controls evasion up to retail sales,
by Naryan Silwal (rep 26/07/2018)
Income
tax
sees shortfall of 7.33% against target: Experts
say slow growth in income tax indicates
deteriorating health of the economy (rep
25/07/2018)
Provinces
and Centre in tax row: Federal government says
District Export Tax unconstitutional, by
Prithvi Man Shrestha (kp 24/07/2018)
DRI
seeks
Rs990m bail from tax evaders: Customs agent
Nawaraj Upadhyaya at Bhairahawa customs office
and his son were arrested on the charge of
helping an individual evade tax worth Rs 180
million (kp 22/07/2018)
Bhairahawa
Customs misses revenue target, by Madhav
Dhungana (kp 21/07/2018)
Rasuwa
Customs beats revenue collection target, by
Balram Ghimire (kp 20/07/2018)
Think
outside the box: With a benign tax system, Nepal
will emerge as an attractive investment
destination, by Madhukar SJB Rana and Atul
K. Thakur (kp 18/07/2018)
Birgunj
customs mobilizes Rs 161 billion in revenue:
Achieves only 98 percent of revenue target set
by government, by Ritesh Tripathi (rep
18/07/2018)
ICP
and Dry Port collect revenue worth Rs158 billion,
by Shankar Acharya (kp 18/07/2018)
Mandatory
VAT puts small enterprises like beauty parlors
and tailors at risk (rep 16/07/2018)
Birgunj
meets revenue target in 10 months, by
Shankar Acharya (kp 10/07/2018)
VAT
rebate cancellation worries textile makers
(ht 10/07/2018)
Decision
to upgrade Satti small customs into main customs
elates locals, by Yogesh Rawal (rep
08/07/2018)
CGT
calculation row: Govt taskforce yet to come up
with recommendation (rep 28/06/2018)
Taxman
to apply VAT regardless of turnover (kp
22/06/2018)
Budget
fails to usher reforms in tax system (ht
21/06/2019)
VAT
registered taxpayers in LTO connected to IRD’s
central server (ht 21/06/2018)
VAT
vs GST: India adopted goods and service tax, but
that does not mean Nepal has to follow suit,
by Deepak Sharma (kp 20/06/2018)
Brick
factories in Dhading openly evading tax, by
Harihar Singh Rathore (kp 18/06/2018)
CGT
concerns weigh on investors’ sentiment (ht
17/06/2018)
Rasuwa
Customs exceeds revenue collection target,
by Balram Ghimire (kp 16/06/2018)
FinMin
for tax system revisit (ht 12/06/2018)
Scrapping
of integrated property tax leaves local units in
confusion, by Rohit Rai (rep 11/06/2018)
Govt
rolls back decision to hike CGT threshold: NEPSE
jumps 13.91 points following the move (kp
07/06/2018), Share
trading resumes: Revision of CGT calculation
method suspended for two weeks (ht
07/06/2018)
VAT
on brokerage service charge scrapped (rep
01/06/2018)
Citizens
to pay more tax on luxury goods, by Rajesh
Khanal (kp 30/05/2018), New
income tax slab introduced: Excise duty raised
on tobacco, liquor and automobile, by Sujan
Dhungana (ht 30/05/2018), Lower
taxes for low- and middle-income earners, by
Sagar Ghimirea (rep (30/05/2018), High
taxes will deter investors: Congress (kp
31/05/2018)
VAT
rebate on mobile phone imports not benefiting
consumers (ht 29/05/2018)
Budget
to change tax rates massively (ht
27/05/2018)
Taxman
targets
payment from foreign missions: The IRD said the
move was designed to widen the tax net and
thereby increase government revenue (kp
26/05/2018)
Import
duty on rice may be hiked to 15pc (ht
16/05/2018)
SC
show cause over customs duty on sugar (kp
15/05/2018), SC
stays govt’s decision to raise import duty on
sugar (ht 15/05/2018), Finance
ministry files petition at Supreme Court to
vacate stay order (ht 18/05/2018), SC
upholds govt decision (kp 05/06/2018)
No
improvement in customs revenue collection,
by Rudra Pangeni (rep 04/05/2018)
MoH
recommends hiking excise duty on tobacco
products (ht 01/05/2018)
Taxmen
clamp down on fake excise duty stickers, by
Shanker Acharya (kp 27/04/2018)
Officials
worry over drop in customs revenue from RMG,
tobacco, by Rudra Pangeni (kp 25/04/2018)
Evaluating
VAT:
Unwanted exemptions and unnecessary revision
have been made in VAT Act to overcome internal
weakness. This needs to be corrected, by
Narayan Silwal (rep 24/04/2018)
Public
transport operators not yet in tax net:
Registration as companies is expected to widen
net (rep 19/04/2018)
Mahakali
Custom Office sees revenue fall, by Bira
Gadal (rep 19/04/2018)
OAG
concerned about unpaid VAT worth Rs166m (kp
17/04/2018)
Revenue
exemption:
Reviewing areas of revenue exemption will
certainly give the government a better picture
of the impact the facility has made (ht
11/04/2018)
MoF
to review revenue exemption facility (ht
10/04/2018)
Tax
officials raid Tiger Palace Casino Resort
(kp 09/04/2018)
Govt
issues property tax management procedure (ht
08/04/2018)
DRI
loses additional authority delegated by former
finance ministers, by Rudra Pangeni (rep
05/04/2018)
Tax-related
verdicts may be scrutinized: Law Minister
Tamang; ‘This will not undermine judicial
independence’, by Sangeet Sangroula (rep
04/04/2018)
Taxmen
crack down on fake excise stickers (kp
31/03/2018)
Tax
collection jurisdiction of local govts clarified
(ht 27/03/2018)
SEBON,
FinMin in talks to cut taxes on shares (kp
23/03/2018)
Ex-king
evades Rs 38 million tax: Municipality official,
by Yuwaraj Biwas (rep 20/03/2018)
Importers
hesitant to clear goods at customs as govt
tightens valuation, by Ritesh Tripathi (rep
15/03/2018)
Online
management system installed at 11 customs points
(kp 12/03/2018)
Pay
royalty
or face rap, regulator tells casinos: Casino
Royale, Casino Rad and eight others owe Tourism
Department millions in royalties (kp
11/03/2018)
Govt
serves ultimatum on tax-defaulting casinos,
by Sangam Prasain (kp 06/03/2018)
New
FinMin instructs DoC to mitigate revenue risks
(ht 02/03/2018)
Taxes
can be paid electronically soon (kp
01/03/2018)
Govt
revenue collection jumps 20.5 percent (kp
23/02/2018)
Govt
apathy affects VAT collection (ht
01/02/2018)
Pashupatinagar
customs office: Border checkpoint sees revenue
dry up, by Biplav Bhattarai (kp 29/01/2018)
Bhairahawa
Customs misses H1 revenue target, by Rekha
Bhusal (rep 29/01/2018)
Stakeholders
seek improvement in customs administration
(ht 27/01/2018)
Reduce
customs tariff on intermediate goods: Pvt sector
(ht 26/01/2018)
Revenue
collection under major tax headings in H1 below
target (ht 25/01/2018)
Revenue
collection by Biratnagar customs coming back on
track, by Ajit Tiwari (rep 18/01/2018)
Govt
close to achieving H1 revenue targets (rep
15/01/2018)
Capital
gains tax: LTO serves notice to former Ncell
owner (kp 04/01/2018)
Cash
shrinks to Rs 114 billion in government vault
(rep 02/01/2018)
MoF
unable to meet revenue target (ht
25/12/2017)
Govt
revenue growth likely to fall to 3.7pc next year
(kp 20/12/2017)
Brokers
willing to pay VAT if old dues waived (kp
20/12/2017)
VAT
collection row in share transaction surfaces
again (ht 15/12/2017)
Revenue
from land and house registration tax increases
(ht 11/12/2017)
Beer
producers asked to paste excise duty sticker on
bottles (ht 04/12/2017)
Weak
VAT realisation hits revenue collection: The
below par performance under VAT alone is Rs 1.81
billion (ht 01/12/2017)
Govt
mulls slashing corporate tax to attract
investment (ht 23/11/2017)
IRD
fetes country’s largest taxpayers (kp
18/11/2017)
Taxman
to track sales at outlets in real time (kp
17/11/2017)
Well-known
firms on tax defaulters’ list (kp
16/11/2017)
Q1
revenue collection up 24pc year-on-year (kp
28/10/2017), IRD
manages to meet revenue collection target in
third month (ht 28/10/2017)
Inland
Revenue ups monitoring, 615 stores booked
(kp 17/10/2017)
Sale
of NCELL shares: SC seeks details on cap gains
on sale of shares, by Bibek Subedi (kp
10/10/2017)
‘Tax
administration needs to worry about increasing
credit filers' (ht 10/10/2017)
Govt
imposes VAT on tractor imports, by Binod
Bhandari (kp 09/10/2017)
90.47pc
of revenue target met (ht 08/10/2017)
Nepal’s
revenue-to-GDP ratio highest among SAsian
countries (ht 05/10/2017)
IRD
slightly misses revenue collection target
(ht 27/09/2017), IRD
misses revenue target in first 2 mths (kp
28/09/2017)
Tax
evasion: Packaged food imports to be strictly
monitored (kp 23/09/2017)
Taxman
to link its system with billing machines of
retailers (kp 18/09/2017)
Revenue
mobilization below target in first two months of
2017/18 (rep 18/09/2017)
Govt
faces
revenue shortfall of Rs 5.67bn: Customs tariff
collection declined compared to last year
despite increase in trade volume (ht
15/09/2017)
‘Adjustment
in customs tariff must to control
under-invoicing’ (ht 14/09/2017)
IRD
unveils 21-point Kathmandu Declaration: Aims to
settle 80pc of arrears within current fiscal
year (ht 08/09/2017)
Customs
offices in Tarai resume operations (ht
16/08/2017)
Truckers
upset
by multiple taxation: A dispute arose in the
district after local bodies declared their right
to tax the export of sand and aggregates
extracted from various rivers in Dhading, by
Harihar Singh Rathore (kp 08/08/2017)
Revenue
collection from vehicle tax surged 47 per cent
last fiscal (ht 02/08/2017)
Private
sector tried to prolong life of controversial
tax settlement body, by Rudra Pangeni (rep
01/08/2017)
Tax
Settlement Commission followed no clear
guidelines (rep 28/07/2017)
Excise
duty stickers: New machine readable tags
launched, by Rajesh Khanal (kp 26/07/2017)
Revenue
Tribunal settles 69pc of pending cases (kp
25/07/2017)
Bhaktapur’s
tourism revenue up two fold (kp 24/07/2017)
Tax
exemption scam: SC orders submission of docs
related to TSC members (kp 24/07/2017), Tax
disputes of over 30 firms settled by sidelining
Revenue Tribunal (rep 24/07/2017)
Govt
estimates multiplied revenue rise at local level,
by Prithvi Man Shrestha (kp 23/07/2017)
"Tax
Settlement Commission itself was against law",
interview with Sukadev Bhattarai Khatri (rep
23/07/2017)
TIA
customs system digitalised (ht 21/07/2017)
KMC’s
vehicle tax revision upsets NCC (kp
20/07/2017)
Revenue
collection up 27 pc (kp 19/07/2017), Exponential
import growth backs revenue collection (ht
19/07/2017), Tax
revenue growth jumps by impressive 31 percent
(rep 19/07/2017)
House
panel
tells govt to repeal TSC Act, by Rajesh
Khanal (kp 18/07/2017)
Permanent
tax settlement commission in offing, by
Sabin Mishra (ht 18/07/2017)
Liquor
companies, breweries given highest tax exemption,
by Prithvi Man Shrestha (kp 18/07/2017)
House
panel
to govt: Recover taxes from Ncell immediately,
by Bibek Subedi (kp 14/07/2017)
Central
bank
bars Axiata from repatriating dividend, by
Pushpa Raj Acharya (ht 11/07/2017)
Collection
of
15 taxes, fees proposed for local bodies, by
Rupak D. Sharma (kp 06/07/2017)
Taxing
thoughts:
Our officials should start learning about
opportunities that India’s General Services Tax
can create for Nepal, by Sujeev Shakya (kp
04/07/2017)
LTO
determines
Rs60.71b as capital gains tax, by Sanjeev
Giri (kp 28/06/2017)
Revenue
from
land transactions soars (kp 24/06/2017)
Plug
the
loophole: Govt should remove controversial
provision from the Tax Settlement Commission Act
(kp 20/06/2017)
Govt
collects Rs 37 billion revenue from petroleum
products, by Dilip Poudel (rep 20/06/2017)
KMC’s
tax
collection surpasses target (ht 17/06/2017)
House
panel
tells govt to amend ITSC Act: ITSC officials had
been given carte blanche to grant tax reductions
to large companies (kp 16/06/2017)
Revenue
misappropriation:
CIAA summons TSC chairman, member; Asked to
appear before anti-graft body tomorrow, by
Prithvi Man Shrestha (kp 13/06/2017)
Ncell
deposits
Rs13.6 b in due capital gains tax, by
Sanjeev Giri (kp 05/06/2017), Telia
served
15-day notice to assess Ncell tax, by
Sanjeev Giri (kp 07/06/2017), Telia
says
it has no tax liability on Ncell deal, by
Sanjeev Giri (kp 09/06/2017)
Tax
rates remain unchanged (rep 30/05/2017)
Revenue
collection up by 20 percent (rep 24/05/2017)
Govt’s
revenue
collection jumps over 40 percent (kp
18/05/2017)
Vehicle
tax
collections jump 72 percent in Q3 (kp
03/05/2017)
House
panel
investigates Rs21b tax exemption case (kp
28/04/2017)
The
shells
of Ncell: There is rumination about whether
TeliaSonera’s transaction is an act of outright
tax evasion or outrageous tax planning, by
Narayan Manandhar (kp 23/04/2017), PAC
issues
Ncell directive to MoF: In the biggest corporate
buyout deal in Nepal, Telia, a Swedish telecom
giant, sold its stakes in Ncell to Malaysian
company Axiata, for $1.03 billion in 2015
(kp 28/04/2017), Finance
Ministry
fails to report to PAC (kp 02/05/2017)
IRD
collects
Rs 172.17bn in nine months (ht 20/04/2017),
Govt
exceed Q3 revenue collection target (rep
20/04/2017)
Revenue
target
met by Birgunj Customs, by Shanker Acharya
(kp 16/04/2017)
OAG
flags
increasing trend of revenue exemption (ht
16/04/2017)
Taxmen
defining tablet PCs as mobile sets, refunding
VAT: OAG, by Rudra Pangeni (rep 15/04/2017)
KMC
to
use students to widen tax net (kp
07/04/2017)
VAT
on
some basic commodities to go, by Lila Ballav
Ghimire (kp 27/03/2017)
Capital
gains
tax: Cabinet’s decision to give clean chit to
NCELL criticised, by Bibek Subedi (kp
10/03/2017), How
will
govt recover CGT from TeliaSonera? (ht
10/03/2017), PAC
summons FinMin, finance secretary (rep
11/03/2017), BRB:
Govt
committed treason by exempting NCELL capital tax
(kp 13/03/2017), PAC
decides
to summon PM, by Sanjeev Giri (kp
17/03/2017), PM
dragged
into Ncell CGT issue, by Sujan Dhungana (ht
17/03/2017), Protesters
call
on PM to collect capital gains tax (kp
22/03/2017), PAC
summons
Dahal to explain NCELL tax issue, by Sanjeev
Giri (kp 04/04/2017), PM
Dahal
signals recovery of due amount from NCELL,
by Sanjeev Giri (kp 10/04/2017), PAC
to
CIAA: Launch probe into NCELL tax issue, by
Sanjeev Giri (kp 11/04/2017), Auditor
general’s
office questions NCELL deal, by Bibek Subedi
(kp 13/04/2017), Finance
Ministry
most indisciplined with Rs 39b arrears, says
audit report, by Rudra Pangeni (rep
13/04/2017), NCELL
capital
gains tax scam; LTO: Full report on matter by
mid-May, by Sanjeev Giri (kp 14/04/2017), Govt
to
miss PAC deadline to collect CGT from NCELL
(ht 14/04/2017)
Strikes
hit
customs revenue collection, by Shankar
Acharya (kp 09/03/2017)
VAT
shortfall
dents government’s revenue collection
performance (ht 01/03/2017)
Revenue
collection
soars on sizzling realty business, by
Sanjeev Giri (kp 14/02/2017)
Fall
in
auto lending may hit govt revenue, by
Sanjeev Giri (kp 11/02/2017)
Taxman
tightens
screws on Pokhara companies: Big hotels and
business firms have been clearing their dues
following stringent action by Pokhara
Sub-Metropolitan City, by Lal Prasad Sharma
(kp 27/01/2017)
Revenue
collection
surpasses target (ht 26/01/2017)
Capital
gains
tax issue: PAC fiat not to issue 4G licence to
NCELL, by Sanjeev Giri (kp
25/01/2017), PAC
wants NCELL barred from going 4G until capital
gains tax cleared, by Rudra Pangeni (rep
25/01/2017)
Tax,
non-tax
receipts up 69 percent in 1st half (kp
25/01/2017)
Govt
considers
waiving VAT on cooking gas (kp 18/01/2017)
NCELL
capital
gains tax issue: PAC to quiz communications
minister, secretary, NTA boss (kp
16/01/2017)
DoC
gearing
up to introduce CRMSAP on Int’l Customs Day
(ht 15/01/2017)
Revenue
collection
exceeds target (ht 06/01/2017)
‘Remove
additional
taxes on petroleum products’ (ht 04/01/2017)
Govt
revenue
jumps by 81.5pc in first 4 months (kp
18/12/2016)
KMC
to
take action against Yak & Yeti for not
paying tax (kp 15/12/2016)
Revenue
collection
rises exponentially: Nearly 30 pc of annual
target met in first four months (ht
07/12/2016)
DRI
starts probe against four Biratnagar factories,
by Amar Khadka (rep 01/12/2016)
Stakeholders
urge
improved tax system (ht 23/11/2016)
Birgunj
customs
revenue collection exceeds target: the office
collected revenue of Rs9.63 billion against the
target of Rs9.07 billion, by Shankar Acharya
(kp 18/11/2016)
Surya
Nepal,
Rana declared country’s largest taxpayers
(kp 17/11/2016), National
Tax
Day marked (ht 17/11/2016)
Revenue
collection above target (ht 27/10/2016)
Revenue
collection
exceeds target (ht 27/09/2016)
Revenues
from
handicraft exports slip marginally (kp
15/09/2016)
Customs
tariff
exceeds income tax in first month (ht
01/09/2016)
Auto,
parts
imports highest contributor, by Prahlad
Rijal (kp 21/08/2016)
CGT
collection
from land transactions jumps, by Rajesh
Khanal (kp 20/08/2016)
10
customs
offices to go online this year (kp
12/08/2016)
IRD
to
launch ‘e-payment’ (kp 07/08/2016)
Rich
district,
poor district: Huge horizontal disparities in
revenue collection pose a challenge to
development, by Khim Lal Devkota (kp
02/08/2016)
Revenue
collection
tops target by Rs7b (kp 20/07/2016)
Bhairahawa
collects
record Rs62b revenue, by Madhav Dhungana and
Shankar Acharya (kp 17/07/2016)
DRI
summons
Kanak Dixit, his wife Shanta (kp 14/07/2016)
Many
firms
vanish without paying taxes, says IRO, by
Madhav Dhungana (kp 14/07/2016)
Majority
of
Tanahu brick kilns breaching govt rule, by
Prakash Baral (kp 14/07/2016)
Govt
able
to reduce revenue shortfall (ht 06/07/2016)
VAT
refund
cut will boost grey market, say traders, by
Prahlad Rijal (kp 08/06/2016)
Customs
revenue
inflows exceed last year’s figure (kp
07/06/2016)
Importers
evading
tax by submitting bogus bills: Importers have
been submitting fake handwritten bills showing
lower prices and payingmuch less customs duty
(kp 07/06/2016)
Govt
sets
revenue collection target of Rs 565bn for next
fiscal (ht 06/06/2016)
Revenue
target
surpasses advisory panel’s forecast, by
Prithvi Man Shrestha (kp 03/06/2016)
VAT
rebate
on cell phones only 40pc from next fiscal
(ht 31/05/2016)
Income
tax
exemption limit hiked to Rs350k, by Prahlad
Rijal (kp 29/05/2016), Income
tax slab revised, by Pushpa Raj Acharya (ht
29/05/2016)
Revenue
collection
target likely to be met (ht 26/05/2016)
RCC
submits
report to FinMin (ht 24/05/2016)
Income
tax
waiver likely for industries reinvesting profit
to up output, by Sujan Dhungana (rep
20/05/2016)
Govt
misses
revenue collection target (ht 12/05/2016)
KMC
raises
advt tax four times of target (kp
09/05/2016)
Ncell
capital
gains tax issue enters Parliament (kp
07/05/2016), Ncell
files
Rs9.96b in CG tax return: Tax office to verify
deposit amount, by Bibek Subedi (kp
09/05/2016), Ncell
deposits
Rs 9.97 bn in state coffers (ht 09/05/2016),
Ncell
deal
is subject to capital gains tax: LTO (kp
11/05/2016), Takeover
and
taxation: Based on the evidence, the final
chapter of the Ncell tax discord is yet to be
written, by TC Ghimire (kp 13/05/2016), PAC
to
probe tax issue in sale of Ncell shares (kp
14/05/2016)
LTO
turns
down Ncell’s request for more time, by Bibek
Subedi (kp 05/05/2016)
More
hotels
come under KMC tax net: HAN had earlier said
that there was no provision to collect tax from
hotels as per House and Land Tax Act of 1962,
by Gaurav Thapa (kp 04/05/2016)
Theatres
turn
blind eye on tax liability, by Gaurav Thapa
(kp 02/05/2016)
Birgunj
back
in business: Revenue exceeds target in 6 months,
by Bhusan Yadav (kp 28/04/2016)
Naya
Shakti:
Recover tax from TeliaSonera; Ncell’s
acquisition by Malaysia’s Axiata (kp
18/04/2016), TeliaSonera
drops
a hint it won’t pay tax, by Bibek Subedi
(22/04/2016), TeliaSonera
given
till May 7 to pay tax, by Prithvi Man
Shrestha (kp 23/04/2016), Former
Ncell
CEO could face prosecution, by Bibek Subedi
(kp 25/04/2016)
Mobile
importers
got more VAT refunds than they paid: OAG, by
Prithvi Man Shrestha (kp 14/04/2016)
Land
service
centres to be established (kp 31/03/2016)
Govt
likely
to miss revenue collection target (ht
21/03/2016)
Birgunj
Customs
struggling to meet revenue target, by
Shankar Acharya (kp 11/02/2016)
Customs
revenue
collection beats target (ht 27/02/2016)
Revenue
collection
swells in 6th month (kp 02/02/2016)
Customs
management
to get more efficient: DoC launches fully
web-based ASYCUDAWorld in Mechi Customs Office
in pilot phase (ht 27/01/2016)
Govt
misses
revenue target by Rs 52.27bn (ht 25/01/2016)
Poor
coordination
hits KMC’s revenue target, by Gaurav Thapa
(kp 22/01/2016)
Revenue
collection
up despite odds (ht 22/01/2016)
Customs
revenue
collection has increased of late (ht
18/01/2016)
Revenue
collection
up at most customs points in border areas, by
Pushpa Raj Acharya (ht 10/01/2016)
Govt
loses
Rs 50bn revenue in first five months of fiscal
(kp 30/12/2015)
Customs
revenue
collection jumps (kp 25/12/2015)
Birgunj
Customs
loses Rs25 billion in revenue (kp 18/12/2015)
Revenue
recovery:
Govt working on ‘back-up plan’ (kp 14/12/2015)
Revenue
jumps
as cargo movement improves, by Mohan Budhyar
and Binod Bhandari (kp 12/12/2015)
Panel,
taxpayers
reach pact to clear Rs9.54 billion dues (kp
10/12/2015)
Birgunj
Customs
meets 1pc of revenue target, by Shankar
Acharya (kp 25/11/2015)
Agitation
causes
slump in revenue collection (ht 20/11/2015)
FinMin
vows
to implement reforms in tax system (ht
18/11/2015)
Tarai
turmoil
dents revenue collection (ht 31/10/2015)
Govt
misses
customs revenue collection target by Rs 15.97bn,
by Rupak D. Sharma (ht 15/10/2015)
Revenue
collection
drops 3.64 per cent: Target set for this fiscal
less likely to be met due to Tarai protests
(ht 06/10/2015)
Tax
collection
at Birgunj plunges 50pc, by Shankar Acharya
(kp 23/09/2015)
Major
revenue
sources under central govt, by Rajesh Khanal
(kp 22/09/2015)
Vehicle
imports
largest source of customs revenue, by Rajesh
Khanal (kp 08/09/2015)
Tarai
turmoil
triggers revenue losses: Continuous strikes and
bandhs hurt production, distribution of
manufacturing firms (ht 08/09/2015)
Taxpayers
missing
VAT limit to be deregistered (kp (27/08/2015)
CNP
top
revenue generator (kp 12/08/2015)
KMC
looks
to widen tax net with discount offers, by
Gaurav Thapa (kp 05/08/2015)
VAT
rebate
for sugar mills raised to 90pc, by Pushpa Raj
Acharya (ht 05/08/2015)
Ratna
park
makes Rs 700,000 in first month, by Anup Ojha
(kp 05/08/2015)
Registration
revenue
collection soars, by Sujata Awale (ht
01/08/2015)
MoF
rejects
TSC’s proposal to settle VAT scam cases, by
Pushpa Raj Acharya (ht 27/07/2015)
Bhairahawa
Customs
tops revenue target, by Madhav Dhungana (kp
25/07/2015)
Government
hikes
excise duty (ht 15/07/2015), VAT
threshold
expanded, turnover tax introduced, by Pushpa
Raj Acharya (ht 15/07/2015)
Vehicle
tax
doubled (ht 15/07/2015)
Customs
duty
on electric, hybrid vehicles halved, by Suman
Bashyal (kp 15/07/2015)
Government
advised
to form alternative tax settlement body (ht
11/07/2015)
Revenue
collection
falls short by Rs 21.07bn (ht 11/07/2015)
FNCCI
asks
govt to hike VAT threshold to Rs10m (kp
07/07/2015), FNCCI
asks
government not to raise tax rates (ht
07/07/2015)
Reconstruction
tax
up to 2pc advised: Commission suggests 2pc tax on
personal and institutional income and 1pc on
interest and dividend earnings, by Prithvi Man
Shrestha (kp 06/07/2015)
Panel
rejects
demands for multiple VAT rates (kp 09/06/2015)
Govt
revises
down revenue forecast (kp 08/06/2015)
Govt
waives
50pc customs duty on import of CGI sheets (ht
07/06/2015)
HLTSRC
proposes
reconstruction tax: Pvt sector pressuring govt not
to add to burden facing businesses, by Pushpa
Raj Acharya (ht 05/06/2015)
Revenue
collection
falls due to quake (kp 27/05/2015), Revenue
collection
drops heavily (ht 27/05/2015)
‘Slash
taxes
to revive econ’ (kp 25/05/2015)
Govt
misses
revenue target due to quake, by Prithvi Man
Shrestha (kp 23/05/2015)
Revenue
declines
by 50 per cent in post-earthquake scenario (ht
21/05/2015)
Govt
to
miss revenue target post April 25, by Prithvi
Man Shrestha (kp 08/05/2015)
Government
misses
revenue collection target once again (ht
24/04/2015)
Flaws
in
revenue system exposed: OAG report indicates tax
evaders capitalising on loopholes in law, by
Pushpa Raj Acharya (ht 16/04/2015)
Private
firms,
govt bodies flout KMC tax rules, by Gaurav
Thapa (kp 01/04/2015)
Country’s
fiscal
discipline improving (ht 01/04/2015)
Tax
Clearance
Commission inundated with complaints (kp
26/03/2015), TSC
classifies
cases based on due amount to expedite settlement
(ht 28/03/2015)
Revenue
collection
target missed (ht 26/03/2015)
Nepal
could
adopt tax sharing system: Werner (kp
12/03/2015)
Tax,
customs
offices miss revenue targets (kp 01/03/2015)
Govt
exceeds
overall revenue collection target by Rs 686m
(ht 24/02/2015)
Government
forms
tax settlement commission (ht 12/02/2015), Commission
formed
to settle tax-related cases, by Rudra Pangeni
(rep 12/02/2015)
Govt
misses
collection target under 4 tax heads, by
Prithvi Man Shrestha (kp 09/02/2015)
IRD
misses
revenue collection target (ht 03/01/2015)
Tax
talk:
The government can make good use of either a tax
cut or a raise only if it makes good investments,
by Samikshya Siwakoti (kp 01/02/2015)
Govt
directed
to waive VAT on LPG (kp 28/01/2015)
FM
Mahat
urges web-based, automated customs services
(kp 27/01/2015)
26,000
new
firms, individuals in tax net (rep
26/01/2015)
Discount
scheme
attracts firms to participate in tax net (ht
23/01/2015)
Customs
Dept
plans to buy 2 more scanners (kp 22/01/2015)
KMC
to
pursue tax defaulters (kp 12/01/2015), KMC
to
collect tax defaulters’ details (kp
20/01/2015)
HLTRC
to
submit report by mid-April: To urge govt to
expand VAT threshold (ht 09/01/2015)
Revenue
exceeds
target due to soaring imports (kp
05/01/2015)
Individual
Income Tax In SAARC Region, by Rup Khadka (rn
03/01/2015) |