CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

200k plus taxpayers skip tax at KMC

CEO Tab by CEO Tab
March 1, 2024
in Prime News
0
Number of taxpayers up in KMC
75
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

It has been found that around 200,000 taxpayers are not regularly paying tax at the Kathmandu Metropolitan City (KMC).

You might also like

Interest Rate Cuts and Higher Power Demand Drive Hydropower Profits to Rs 11.11 Billion

Parliamentary Panel Proposes Three-Year Tenure for NRB Top Officials

Four South Asian Countries Sign Deal to Share Advance Trade Information

As informed, 200,000 out of 312,000 taxpayers registered at KMC are found not regularly paying tax. According to KMC Revenue Department, the metropolis is preparing to ramp up ward-level monitoring to bring the taxpayers dillydallying to pay tax without coming to the registration process for a long time in accordance with the rules.

About 100,000 taxpayers are among those showing reluctance to pay rent related taxes. Similarly, number of taxpayers found unwilling to pay business tax, entertainment tax and advertisement tax exceed 100,000, said KMC Revenue Department Chief Dhruv Kafle.

According to him, the KMC is preparing to bring the unregistered taxpayers of all categories to the process by regularly monitoring from this month onward to increase tax compliance. Kafle said that arrears amounting to Rs 2 billion are yet to be recovered from the registered taxpayers at KMC. The dues have remained for the last 12 years, KMC sources said. The metropolis had set an annual revenue target of Rs 10.80 billion for the current fiscal year.

It has so far been able to collect only Rs 5.80 billion in the first eight months of the current fiscal year. Though its revenue collection status was found satisfactory till the first six months of the fiscal year, KMC’s revenue in the last month (mid-January to mid-February, 2024) has dropped compared to other months.

Share30Tweet19
CEO Tab

CEO Tab

Recommended For You

Interest Rate Cuts and Higher Power Demand Drive Hydropower Profits to Rs 11.11 Billion

by CEO Tab
August 21, 2026
0
Interest Rate Cuts and Higher Power Demand Drive Hydropower Profits to Rs 11.11 Billion

Nepal’s hydropower sector recorded a sharp improvement in financial performance in the fiscal year 2025/26, with 106 hydropower companies listed on the Nepal Stock Exchange (NEPSE) reporting a...

Read more

Parliamentary Panel Proposes Three-Year Tenure for NRB Top Officials

by CEO Tab
August 21, 2026
0
Parliamentary Panel Proposes Three-Year Tenure for NRB Top Officials

The Finance Committee of the Federal Parliament has decided to amend the Nepal Rastra Bank Act, proposing to limit the regular tenure of the central bank’s top officials...

Read more

Four South Asian Countries Sign Deal to Share Advance Trade Information

by CEO Tab
August 21, 2026
0
Four South Asian Countries Sign Deal to Share Advance Trade Information

Nepal, Bhutan, Bangladesh and the Maldives have signed an agreement to exchange advance information on goods traded across their borders, in a move aimed at facilitating regional trade...

Read more

Government Moves to Introduce Seasonal Electricity Tariffs

by CEO Tab
August 21, 2026
0
Government Moves to Introduce Seasonal Electricity Tariffs

The government has intensified preparations to reduce electricity tariffs through a proposed ‘seasonal tariff’ system, under which electricity prices would be lowered during the rainy season when surplus...

Read more

Government Sets Two-to-Five-Year Deadline to Complete Six National Pride Irrigation Projects

by CEO Tab
August 19, 2026
0
Government Sets Two-to-Five-Year Deadline to Complete Six National Pride Irrigation Projects

The government has set ambitious deadlines to complete six long-delayed national pride irrigation projects, with completion targeted within the next two to five years. The Ministry of Energy,...

Read more
Next Post
DRI files cases against three companies for evading revenues

DRI files cases of revenue evasion worth Rs 1.62 billion

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.