Tax net widening

April 14, 2017 08:18 am

POKHARA, April 14: Ten districts of Gandaki and Dhawalagiri zones under the ambit of Inland Revenue Office, Pokhara has witnessed increase in the number of tax contributors.

KATHMANDU, April 9: Only six days remain for the government to collect capital gains tax (CGT) from the Ncell share purchase deal, according to a commitment made by the finance secretary and other officials under his ministry on January 15.

WASHINGTON (AP) — House Republicans' failure to repeal Barack Obama's health care law deals a serious blow to another big part of President Donald Trump's agenda: tax reform.

KATHMANDU, March 20: Nepal Telecom (NT) has urged the government to reduce taxes that the latter has been levying to make telecommunications services more accessible and affordable.

PAC to question PM over Ncell tax

March 17, 2017 00:40 am

KATHMANDU, March 17: The Public Accounts Committee (PAC) of the parliament on Tuesday decided to summon Prime Minister Pushpa Kamal Dahal for questioning in connection to the cabinet's decision to recover capital gains tax (CGT) from TeliaSonera.

A Brazilian tax appeals court ruled on Wednesday that Barcelona forward Neymar could cede his image rights to family businesses and dismissed charges by federal auditors that they were front companies set up to dodge taxes.

KATHMANDU, Mar 16: Despite clear direction of the Parliamentary Accounts Committee (PAC) to investigate and penalize responsible authorities for not recovering capital gains tax (CGT) from the seller of GSM operator Ncell, concerned authorities, after 10 months of the shares transfer, are arguing on who should pay the CGT.

KATHMANDU, March 13: Former Prime Minister and Coordinator of Naya Shakti Party Nepal, Baburam Bhattarai, has said that the offshore deal to transfer 80 percent of the shares in Ncell was an attempt to evade taxes.

KATHMANDU, Jan 26: Large Taxpayers Office (LTO) is forming a team of experts to advise it on Ncell's ownership transfer case.

KATHMANDU, Jan 25: Parliament’s Public Accounts Committee (PAC) on Tuesday directed the government to restrict Ncell from  introducing its 4G wireless internet service without first clearing the capital gains tax (CGT) on a share transaction  worth Rs 143 billion.

Tax collection up 42 percent

January 24, 2017 21:05 pm

KATHMANDU, Jan 24: While the government has been failing to spend its development budget, it has excelled in tax collection.

KATHMANDU, Jan 16: Prime Minister Pushpa Kamal Dahal has said that the government will provide income taxi waiver for poultry entrepreneurs.

"My tax return was on my yacht ... which caught fire" - just one of the dozens of unusual excuses the British government's tax collector said it receives each year from customers who fail to complete their returns on time.

KATHMANDU, Nov 18: Reminding the infamous 'Pajero Scandal' of 1994, a member of parliament has demanded customs duty relaxation for the lawmakers to buy personal vehicles.

KATHMANDU, Nov 17: IME Ltd has been awarded by Inland Revenue Department (IRD) for paying highest amount of tax amongst the remittance companies in the Fiscal Year 2014/2015.

KATHMANDU, Nov 16: Deputy Prime Minister and Minister for Finance Krishna Bahadur Mahara has insisted on the need for amplifying the tax net to increase social security services for people.

KATHMANDU, July 23: The government has to refund the taxes collected since the last one week -- or the beginning of the current fiscal year on July 16 -- as Finance Bills presented by the incumbent government were rejected by Parliament on Friday.

A Barcelona court has given Lionel Messi and his father suspended sentences of 21 months in prison for tax fraud.