header banner
ECONOMY, SOCIETY

KMC recovers Rs 70 million arrears from large taxpayers

KATHMANDU, Feb 8: The Kathmandu Metropolitan City (KMC) has recovered Rs 70 million in arrears from large taxpayers,...
By Republica

KATHMANDU, Feb 8: The Kathmandu Metropolitan City (KMC) has recovered Rs 70 million in arrears from large taxpayers, who had not paid land, house and property tax for the past 28 years.


Taxpayers have started coming in contact and paying arrears after their names were published in the first month of the current fiscal year.    


Related story

Rs 800 million is new threshold for large taxpayers


Five taxpayers have already come in contact with the KMC and set a time to pay tax and others are coming in contact. Chief of Department of Revenue, KMC, Dr Shiva Raj Adhikari, said that the KMC had published the names of 52 big taxpayers in two phases in the first month of the current fiscal year. The Department has now been collecting tax as a campaign as a preparation to recover Rs 700 million from taxpayers who have been dilly-dallying to pay taxes for long. 


The deadline to pay tax has been extended as demanded by the taxpayers who came in contact with the Department. The Department has made preparations to take legal action against those who have not come in contact with the authorities. 


(RSS)


 

Related Stories
ECONOMY

Govt honors big taxpayers

ECONOMY

12 industries start paying arrears in installments...

ECONOMY

Govt’s arrears rose by a whopping Rs 119.77 billio...

ECONOMY

Govt’s arrears climb to Rs 669 billion, with an ad...

ECONOMY

Over 200,000 taxpayers do not regularly pay tax to...