KATHMANDU, March 26:  The Director General and Deputy Director General of the Inland Revenue Department (IRD) under the Ministry of Finance have been transferred.

KATHMANDU, Aug 2: The Inland Revenue Department (IRD) has started investigations against 1,986 taxpayers for their possible involvement in tax evasion.

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, June 7: The government has revised the rate of income taxes from the new fiscal year 2022/23.

KATHMANDU, May 22: The Inland Revenue Department (IRD) collected revenue of Rs 377 billion in the first 10 months of the current fiscal year, which was around 90 percent of the amount targeted for the given period.

KATHMANDU, Dec 1: The government has scrapped the excise duty permits of two distilleries on the charge of revenue leakage by using fake stickers of excise duty.

KATHMANDU, Sept 27: The Special Court on Monday asked for a bailout amount of Rs 5 million from Chudamani Sharma, former Director General of the Inland Revenue Department (IRD). Sharma has been accused of revenue leakage worth over Rs 1 billion.

KATHMANDU, Feb 10: The Ministry of Finance (MoF) has recommended Dirgha Raj Mainali, the chief of the Department of Revenue Investigation (DRI), for the position of director general of the Inland Revenue Department (IRD).

KATHMANDU, Dec 30: Unable to solve the issues related to the shortfall of excise duty stickers, the Inland Revenue Department (IRD) has stepped up preparations to revive a decade old flow meters system for beer manufacturers.

KATHMANDU, Aug 8: A total of 6,283 people have got PAN (permanent account number) and VAT (value-added tax) registration from the Inland Revenue Office (IRO), Dhulikhel in two months.

KATHMANDU, April 17: After several deferrals, the Special Court has said it will conduct the final hearings on the multi-billion rupee corruption cases involving former Inland Revenue Department (IRD) chief Chudamani Sharma on May 5.

KATHMANDU, Oct 17: A total of 21 firms are under scanner of Inland Revenue Department under doubtful financial accounts and transactions, officials of IRD informed.

KATHMANDU, July 12: The Supreme Court ordered the Commission for the Investigation of Abuse of Authority (CIAA) on Wednesday to present Inland Revenue Department's Director General Chudamani Sharma, who is presently in CIAA custody on corruption charge, before the court along with a reply in writing.

KATHMANDU, July 11: A writ petition has been filed at the Supreme Court ( SC) Tuesday, demanding the release of Director General of Inland Revenue Department, Chudamani Sharma, who is presently in the custody of Commission for the Investigation of Abuse of Authority (CIAA) on corruption charge.

KATHMANDU, June 29: The Commission for Investigation of Abuse of Authority (CIAA) on Thursday sought Rs 3 billion as bail  from suspended Inland Revenue Department chief Chudamani Sharma after preliminary investigations established his  involvement in a tax waiver scam.

KATHMANDU, June 2: The Commission for the Investigation of Abuse of Authority (CIAA) has arrested Inland Revenue Department Director General Chudamani Sharma on the charge of  multiple involvements in corruption while fixing the tax liabilities of large industrial entities.

KATHMANDU, June 2: Commission for the Investigation of Abuse of Authority on Thursday arrested Joint Secretary Chudamani Sharma, the director general of the Inland Revenue Department, on the charge of corruption while fixing taxes.

GMBFL feted by IRD

November 22, 2016 22:05 pm

KATHMANDU, Nov 22: Guheshwori Merchant Banking & Finance Ltd (GMBFL) has been awarded by Inland Revenue Department (IRD) for becoming the highest tax payer amongst C- class bank and financial institutions in the Fiscal Year 2014/2015.