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Government to focus on collecting taxes from high-income sectors

CEO TAB by CEO TAB
January 27, 2020
in Prime News
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Government to focus on collecting taxes from high-income sectors
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Kathmandu, January 27: Finance Minister Dr. Yubaraj Khatiwada has said that the government would focus on escalating tax collections from high income-generating sectors. The government would not unnecessarily focus on meeting the revenue collection targets, but follow strict measures for the enforcement of related laws, he said at a program organized here on Sunday (Jan 26) on the occasion of the 78th International Customs Day.

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As he said, citizens would be made to pay taxes in accordance with the law, but would never be left suffering in the name of it. Stating that it was the responsibility of a good citizen to pay taxes to the State, the Minister said the government was concentrated on collecting inland revenues than customs duties.

He took the time to call on the business community to fight market malpractices and to pay attention to ensuring quality of goods. On the occasion, he shared the government’s plans of enriching the domestic customs system with technology and digitalizing it.

General Director of the Department of Customs, Suman Dahal, said the maximum use of technology was given priority in the customs system to make it more transparent. January 26 each year is observed as the International Customs Day. The Department collects 50 percent of the total revenue compilation. RSS

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