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Published On: August 29, 2024 11:50 AM NPT By: Republica

Revenue collection drops in Bagmati Province

Revenue collection drops in Bagmati Province

BAGMATI, Aug 29: The revenue collection under the heading of 'real estate (house and land) registration' and ‘vehicle tax' has dropped in Bagmati Province.  

The revenue collected by the province government under these headings has also been affected due to the decline in the sale and purchase of real estate and new vehicles. 

Real estate registration (land revenue) and vehicle tax are the main sources of revenue collection of the province government. According to the chief of Bagmati Province Treasury and Accounts Controller Office, Hetauda, Rs 11.60 billion has been collected in revenue in the fiscal year 2080/81 BS. 

According to him, out of the target of collecting Rs 6.75 billion revenue from real estate registration in the last fiscal year, about 81.32 percent or Rs 5.48 billion was collected.

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