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

FECOFUN decries triple tax

CEO TAB by CEO TAB
September 19, 2019
in Prime News
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Kathmandu, September 18: Federation of Community Forestry Users Nepal (FECOFUN) has protested what bit called the triple tax imposed by the federal, provincial and local governments by interfering in the autonomy of the community forest users’ groups.

You might also like

Finance Minister Wagle Urges AIIB to Expand Investment in Nepal

Government Prepares Alternative Power Supply After 430 MW Disconnected by Bhotekoshi Flood

Insurance Authority Eases Claim Rules to Speed Compensation for Rasuwa Flood Victims

The community forestry users groups have been paying 15 percent forest product tax to the government since the past. FECOFUN has claimed that apart from this tax, the various levels of government have formulated laws to impose an additional tax and hence its protest.

The third meeting of the FECOFUN’s national working committee held in Jumla on September 6 and 7 have decided to wage a protest movement against the triple tax, FECOFUN’s president Bharati Pathak informed yesterday. According to her, the federal government has imposed 15 percent tax on the amount coming from the sale of Sal and Khayar timber, the local government have levied 10 percent tax on the amount from the sale of forest-based products and the State 1 government has imposed additional 15 percent tax on the sale of forest products except the Sal and Khayar timber.

Similarly, the State 3 government has imposed 10 percent tax on the sale of forest products and a service tax of 0.25 percent, value-added tax of 13 percent and 25 percent income tax on the saving amount of the users groups as per the Income Tax Act. The community forestry users groups have been spending 25 percent of their total earning in forest management, 35 percent in the livelihood support of the indigent class and 40 percent for community development.

“We are compelled to wage a protest movement since our demands that we had placed from time to time have been ignored and the tax load has been forced upon us. Our demands include the distribution of the 15 percent tax that the community forests have been paying to the federal government to all the three levels through the Natural Resource and Finance Commission and for annulment of the taxes proposed at present,” the FECOFUN president explained the reason for their protest movement. RSS

Share30Tweet19
CEO TAB

CEO TAB

Recommended For You

Finance Minister Wagle Urges AIIB to Expand Investment in Nepal

by CEO Tab
September 30, 2026
0
Finance Minister Wagle Urges AIIB to Expand Investment in Nepal

Finance Minister Dr Swarnim Wagle has urged the Asian Infrastructure Investment Bank (AIIB) to increase investment in Nepal’s infrastructure and productive sectors while making its financing more accessible...

Read more

Government Prepares Alternative Power Supply After 430 MW Disconnected by Bhotekoshi Flood

by CEO Tab
September 30, 2026
0
Government Prepares Alternative Power Supply After 430 MW Disconnected by Bhotekoshi Flood

The government has begun making alternative arrangements after around 430 MW of electricity was disconnected from the national transmission system following damage caused by the Bhotekoshi flood to...

Read more

Insurance Authority Eases Claim Rules to Speed Compensation for Rasuwa Flood Victims

by CEO Tab
September 30, 2026
0
Insurance Authority Eases Claim Rules to Speed Compensation for Rasuwa Flood Victims

The Nepal Insurance Authority (NIA) has relaxed insurance claim procedures to ensure faster compensation for victims of the devastating Rasuwa flood of August 26. Under a special work...

Read more

Himalaya Airlines Resumes Regular Kathmandu–Shanghai Flights

by CEO Tab
September 30, 2026
0
Himalaya Airlines Resumes Regular Kathmandu–Shanghai Flights

Himalaya Airlines has resumed regular direct flights between Kathmandu and Shanghai, reconnecting Nepal with one of China’s major commercial hubs. According to the airline, regular flights from Tribhuvan...

Read more

Floods and Landslides Halt Over 900 MW of Electricity Generation Across Nepal

by CEO Tab
September 28, 2026
0
Floods and Landslides Halt Over 900 MW of Electricity Generation Across Nepal

Incessant rainfall has triggered floods and landslides that have disrupted electricity generation and supply across Nepal, with more than 900 MW of generation capacity currently halted. According to...

Read more
Next Post

NIBL opens its new extension counter

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.