KATHMANDU, April 14: With just three months left for the current fiscal year to end, the government has been able to meet only 53.46 percent of its annual revenue target, following a slump in economic activities amid the ongoing threat of COVID-19.
KATHMANDU, April 4: The Ministry of Finance has asked government agencies to halt expenses in a number of activities, targeting to manage the financial resources in the priority areas due to the impact of COVID-19.
BIRGUNJ, Sept 19: The Indian customs office at Kolkata port has given 84.33% subsidy for Nepali cargo duty insurance. The office has a provision to charge the importers duty insurance equal to the risk on revenue while importing goods via India.
SAN FRANCISCO, July 26: Twitter Inc (TWTR.N) posted a better-than-expected second-quarter revenue on Friday and an uptick in daily users who see advertisements on the site, driven by changes to show users more relevant content.
KATHMANDU, July 25: The Metropolitan Traffic Police Division (MTPD) has collected revenue of Rs 310.56 million in a fine from the Kathmandu Valley in the last fiscal year 2018/19 for the violation of traffic rules.
Worldwide cancer drug sales are already way ahead of those of other drugs and the revenue generated by them is expected to grow even larger by 2024. This is according to a report recently released by consultancy Evaluate, which analyses trends in the pharmaceutical sector.
MUGU, June 4: The local authorities of Mugu have collected Rs 10 million in revenue from entry fee charged to yarsagumba collectors in the district. People from the district as well as outside have reached the highlands of Mugumkarmarong Rural Municipality of Mugu to collect the prized fungus which is found in abundance in the district.
BIRGUNJ, May 25: Revenue collection by Birgunj Customs Office has seen a shortfall by 13% against the target till mid-May. The office, which generates the largest volume of revenue among all customs offices of the country, mobilized only Rs 120 billion out of the targeted Rs 139 billion, according to records at the office.
KATHMANDU, May 25: The Revenue Advisory Committee has presented its report to the Minister for Finance, Yuba Raj Khatiwada, providing recommendations to the government on revenue policy and programs, laws and regulations, reforms, tax rates, and other measures to be introduced in the budget for the upcoming Fiscal Year 2019/20.
TIKAPUR, May 9: Bal Bahadur Rawat of Janaki Rural Municipality-1, Durgauli was obliged to make rounds of the Land Revenue Office (LRO), Tikapur, for five days to freeze the transaction of his land. Similarly, it has been two days since Sher Bahadur Budha of Bardagoriya Rural Municipality-1 has been visiting the LRO for the transfer of his land to his brother.
The present economic model of Nepal has a number of interesting structural characteristics. First, it focuses on imports. The government gets most of its revenue from import which is the basis for financing public expenditure, mostly regular expenditure necessary for the functioning of the state. In an import-based revenue structure, there is an embedded incentive to maintain luxury imports.
KATHMANDU, March 26: The Department of Tourism has collected revenue of around Rs 40 million in four days from the mountain climbing permits. The Department has been issuing the permit for spring since March 23.
BERLIN, Feb 13: Revenues for Bundesliga’s top two divisions in 2017-18 rose by over 10 percent year-on-year to €4.42 billion (£3.88 billion), marking the 14th consecutive year of growth, the German Football League (DFL) said in its annual report on Wednesday.
BIRATNAGAR, Jan 18: The Inland Revenue Office, Biratnagar, has collected Rs 3.18 billion in revenue in the first six months of the current fiscal year. According to the office, Rs 2.46 billion was collected during the review period in the last fiscal year.
KATHMANDU, Dec 25: The Commission for the Investigation of Abuse of Authority (CIAA) on Monday filed a corruption case at the Special Court against 16 people including land revenue officials and other individuals on the charge of selling a plot of land by creating a fake owner and land ownership certificate while keeping the rightful owner in the dark.
PARSA, Nov 4: The revenue collection by the Birgunj Customs Office in the past three months of the current fiscal year exceeded the target. The office gathered over Rs 43.19 billion in revenue in this period against the target of Rs 37.75 billion.
RASUWA, Oct 25: Rasuwagadhi Customs Office has surpassed revenue target for the first quarter of Fiscal Year 2018/19. The customs office along Nepal-China border collected Rs 2.32 billion between mid-July and mid-October. The collection is 3.87 percent higher than the targeted Rs 2.2 billion.
BIRGUNJ, Oct 11: Vehicles worth Rs 8.28 billion were imported to Nepal from India and other third countries till the first two and a half months of the current fiscal year. Out of total revenue collected from the Birgunj Customs Office, 40 per cent revenue was collected from the vehicles, said Customs Officer Santosh Yadav.
KATHMANDU, Sept 10: The Central Investigation Bureau (CIB) of Nepal Police has arrested a man for collecting Rs 13.1 million from different persons by promising them job in Japan under the government quota.
KATHMANDU, Aug 28: The government has got off to a good start in terms of revenue mobilization as it came close to meeting its revenue target for the first month of Fiscal Year 2018/19. According to data of the Ministry of Finance, the government collected a total of Rs 62.97 billion in revenue in the first month (mid-July to mid-August) of the current fiscal year, compared to the target of Rs 63.64 billion. The revenue collection, however, Rs 670 million short of the revenue target for the month.
KATHMANDU, July 24: According to Revenue Secretary Shishir Kumar Dhungana, the government imposed the new tax after finding income tax collection from the sector very low. He, however, clarified that the tax cannot be passed on to consumers.Fruits and vegetable traders have allegedly hiked prices after TDS came into effect from last Tuesday -- the start of new Fiscal Year 2018/19.
KATHMANDU, July 21: The government has claimed that imposing Telecommunication Service Charge (TSC) on internet service is aimed to make up for telecom revenues from voice calls that is continually declining in recent times.
BIRGUNJ, July 18: Birgunj Customs Office, the largest customs point of the country, mobilized Rs 161 billion in revenue under different headings in Fiscal Year 2017/18. The revenue figure also includes revenue collected by Dry Port Customs Office.
DHARAN, June 21: Dharan Sub-metropolitan City of Sunsari district could not meet its revenue mobilization target of the current fiscal year. As the new fiscal year approaches, the metropolis faces immense pressure to enhance its revenue mobilization.
KATHMANDU, April 25: The drop in revenue from import of readymade garments, and tobacco products and its raw materials in the first eight months of current fiscal year, i.e. from mid-July 2017 to mid-February 2018, has left government officials worried.
BAITADI, April 19: Mahakali Customs Office, which had been surpassing revenue collection target with ease in the past years, is struggling to meet revenue target set by the government in the current fiscal year.