Cotiviti Nepal is accused of leaking Rs 10.36 billion (about $84 million) in money, according to a complaint lodged by the Department of Revenue Investigation (DRI) against the organization. This covers suspected avoidance of value-added tax (VAT) and income tax.

KATHMANDU, OCT 18: The government has fixed the income tax for the foreign service providing companies at 1.5 percent of the contract amount.

KATHMANDU, April 26: The private sector has urged the government to revise the rate and threshold of income tax slabs in the FY 2021/22 budget in order to relieve the fixed income earners.

KATHMANDU, July 16: The government has introduced a new system for small taxpayers, allowing them to make electronic payment of their income tax for up to an annual income limit of Rs 200,000.

KATHMANDU, Dec 6: The government is in the process of implementing a single-code system for the income tax, value added tax, and excise duty, as an effort to simplify the procedures for taxpayers, a finance ministry official said on Thursday.

KATHMANDU, Sept 16: The Supreme Court on Sunday declined to issue a stay order sought by businessman Ajaya Raj Sumargi in a case in which he has been charged of evading billions of rupees in income tax.