Govt plans to expand tax-friendly service and control revenue leakages

Published On: August 28, 2024 07:45 PM NPT By: Republica  | @RepublicaNepal


KATHMANDU, Aug 28: The Central Revenue Leakage Control Committee has introduced a comprehensive plan to boost revenue collection in the current fiscal year by taking measures such curbing revenue leakages and expanding tax-friendly services.

In a meeting presided by Deputy Prime Minister and Minister for Finance Bishnu Prasad Paudel in Singha Durbar on Wednesday, heads of the agencies playing key roles in revenue collection including Minister for Home Affairs Ramesh Lekhak among others discussed and decided strategies to meet annual revenue collection target.

The meeting decided to form a basis for evaluation of the employees and security personnel deployed in revenue administration to achieve revenue targets.

Important decisions taken in the meeting include mobilizing a rapid patrolling team all over the country to address revenue leakage.

Minister Paudel outlined other measures such as effective implementation of action-plans for controlling revenue leakage, ensuring business persons complying with the legal business practices are not affected while those involved in illegal financial activities will not be spared.

Furthermore, the relevant subordinate agencies of the Ministry of Home Affairs and Ministry of Finance will coordinate efforts to address revenue leakages.

He called for regular rotation of employees and security personnel working in the revenue administration sector to break the pattern of forming undue rapport among themselves for revenue leakage.

Highlighting the importance of leveraging technology to combat corruption, he stated that scanners will be used to conduct scrutiny at border points."

On the occasion, the minister instructed to encourage the practice of taking and giving invoice/bill in the market, to make classification and evaluation of imported goods realistic and to seriously investigate the possible leakage of revenue by issuing fake invoices.

Similarly, Minister Lekhak urged the taxpayers to comply with their tax obligations. He also pledged all necessary support from his ministry in achieving revenue targets by controlling revenue leakage.

Other participants also expressed their commitment to make exchange of information effective and enhance coordination for effectively controlling revenue leakage and boosting revenue collection.


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