September 13, 2022 17:00 pm
KATHMANDU, Sept 13: Five casinos in Kathmandu have paid entertainment tax to the Kathmandu Metropolitan City (KMC). According to the KMC, they have paid Rs 6.6 million as entertainment tax. Separately, Kathmandu Fun Park has paid Rs 1.7 million as entertainment tax.
September 2, 2022 13:00 pm
KATHMANDU, Sept 2: The Kathmandu Fun Park located at Bhrikutimandap paid the entertainment tax dues to Kathmandu Metropolitan City (KMC) on Thursday, following a 24-hour ultimatum given by the KMC on Wednesday.
February 1, 2022 08:28 am
KATHMANDU, Feb 1: The Food Management and Trading Company Limited (FMTCL) has built physical structures along the Tukuchakhola in the Capital City breaching the government code but has not paid the land and house tax to the Kathmandu Metropolitan City (KMC).
December 8, 2021 18:45 pm
KATHMANDU, Dec 8: The Supreme Court (SC) on Wednesday scrapped the previous government’s decision to increase income tax from five to 15 percent on the retirement payment amounts.
December 2, 2021 18:18 pm
KATHMANDU, Dec 2: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has urged the government to simplify the policy and procedural difficulties in taxation.
September 23, 2021 12:18 pm
KATHMANDU, Sept 23: The Federation of Nepal Cable Television Association (FNCTA) has demanded the government stop the illegal broadcasting and the broadcasting sector be brought under the tax net as per the law.
September 11, 2021 15:18 pm
KATHMANDU, September 11: The prices of two-wheelers are likely to go up as the government has hiked the excise duty on imported motorbikes by up to 20 percent through the revised budget.
July 28, 2021 15:32 pm
KATHMANDU, July 28: The Kathmandu Metropolitan City (KMC) has issued a three days ultimatum to 23 big taxpayers, asking them to settle their taxes.
February 7, 2021 10:07 am
LONDON, Feb 7: Britain plans to tax retailers and tech companies whose profits have soared during the COVID-19 pandemic, the Sunday Times reported, citing leaked emails.
January 19, 2021 08:43 am
KATHMANDU, Jan 19: The import of electric vehicles dropped heavily after the government revised the customs duty on environment-friendly automobiles through the budget this year.
February 27, 2020 18:15 pm
KATHMANDU, Feb 27: Finance Minister Dr Yubaraj Khatiwada has said that the government has imposed tax on the trade of books and not on knowledge.
November 4, 2019 07:57 am
BUTWAL, Nov 4: Truck entrepreneurs of Province 5 have made it clear that they won't allow the government to add value-added tax (VAT) on freight transport cost.
September 7, 2019 07:00 am
KATHMANDU, Sep 7: A parliamentary committee has decided to study all recent court decisions related to the controversial capital gains tax case to be paid by telecommunication company Ncell, following questions from various quarters after the judiciary invalidated the tax assessment by the Large Taxpayers Office (LTO) two weeks ago.
August 31, 2019 06:44 am
KATHMANDU, Aug 31: Finance Minister Yuba Raj Khatiwada on Friday said that the government was considering introducing inheritance or estate tax in a bid to widen parameter of revenues on wealth.
August 16, 2019 10:23 am
HONG KONG, Aug 16: Hong Kong’s government announced tax cuts and higher social spending Thursday to reverse a deepening economic slump aggravated by anti-government protests and the U.S.-Chinese tariff war.
July 28, 2019 07:04 am
KATHMANDU, July 28: Despite widespread criticism from academics, intellectuals, publishers, sellers, and ordinary citizens, the government seems to be obstinate toward imposing 10% customs duty on the import of books.
July 11, 2019 18:00 pm
Your daily dose of the missed important news of the day.
July 9, 2019 05:30 am
KATHMANDU, July 9: A research conducted by the University of Manchester in May has found that community forestry has contributed immensely to reduction in deforestation and poverty.
June 26, 2019 07:59 am
KATHMANDU, June 26: The Kathmandu Metropolitan City (KMC) has proposed increasing the tax net in the new fiscal year 2019/20 rather than increasing the rates of taxation.
June 21, 2019 16:58 pm
KATHMANDU, June 21: The Department of Revenue Investigation (DRI) has filed a tax avoidance case in the Kathmandu district court against a group of 15 people charged with evading approximately Rs 3 billion in revenue by producing fake invoices.
June 4, 2019 12:34 pm
KATHMANDU, June 4: The Supreme Court will conduct hearing on the much-debated Ncell tax issue today afternoon.
May 30, 2019 08:47 am
KATHMANDU, May 30: The government has brought an array of tax breaks and incentives for export promotion and protection of domestic industries. It has also brought tax incentives to support industries based on agriculture.
May 23, 2019 07:39 am
KATHMANDU, May 23: The International Centre for Settlement of Investment Disputes (ICSID) on Monday registered a case filed by Axiata UK and Ncell against the government of Nepal over capital gains tax levied by the tax authorities in Nepal, according to the ICSID website. The entity is part of the World Bank Group.
May 7, 2019 07:58 am
BIRGUNJ, May 7: Two Indian citizens have reportedly evaded a total of Rs 180 million in taxes in two separate incidents here. One of the culprits is being searched for by the Inland Revenue Department (IRD) to recover the taxes while the other has been handed down a fine of Rs 20 million and one year jail in absentia by the District Court Parsa.
April 26, 2019 04:00 am
KATHMANDU, April 26: The Supreme Court on Thursday issued a short-term stay order on a petition filed by telecommunication company Ncell Private Limited questioning the assessment of the capital gains tax (CGT) done by Large Taxpayers Office (LTO) to be paid by the Ncell to the government.
April 17, 2019 06:00 am
KATHMANDU, April 17: Large Taxpayers' Office (LTO) has assessed the tax amount of Ncell buyout and asked the company on Tuesday to pay the remaining capital gains tax (CGT) amounting to Rs 39.06 billion, which includes interest and fine, within seven days.
April 13, 2019 16:23 pm
KATHMANDU, April 13: At a time when the government has been advocating for bringing the social network under tax net, the Office of the Auditor General has asked the government to impose tax on social networks.
April 11, 2019 02:00 am
Issuing the full text of its final verdict on the protracted row of Capital Gains Tax (CGT) of Ncell telecommunication company, the Supreme Court has finally resolved the issue.
April 10, 2019 10:01 am
KATHMANDU, April 10: The Supreme Court on Tuesday ordered Ncell and Axiata Company to pay Capital Gains Taxes (CGT) amounting Rs 39 billion and its interest within three months.
April 6, 2019 09:35 am
An attorney for President Donald Trump on Friday blasted U.S. House Democrats’ request for six years of Trump’s tax returns as “a misguided attempt” to politicize the tax laws, accusing lawmakers of harassment and interference in IRS audits.
March 13, 2019 10:08 am
BRUSSELS, March 13: The European Union expanded its tax haven blacklist by 10 countries on Tuesday, adding the United Arab Emirates and Bermuda despite the objections of powerful member states such as Italy.
February 18, 2019 11:00 am
LONDON, Feb 18: Britain's richest man has been slammed for plans to move to Monaco to save billions in tax less than a year after being knighted.
February 11, 2019 06:00 am
KATHMANDU, Feb 11: Parliament's Finance Committee on Sunday directed the government to recover all outstanding taxes and fees from the country's all nine telecommunications companies within a month.
February 5, 2019 09:20 am
KATHMANDU, Feb 5: Industrial enterprises established in Special Economic Zone (SEZ), Bhairahawa, are entitled to a tax rebate on import of equipment and machineries as per the SEZ Act, 2016. However, the Ministry of Finance is not providing the promised tax incentives to industrialists setting up their plants in SEZ.
January 23, 2019 11:30 am
MADRID, JAN 23: Juventus star Cristiano Ronaldo avoided jail on Tuesday but was ordered by a Spanish court to pay 3.57 million euros ($4.1 million) for committing tax fraud when he was at Real Madrid.
January 22, 2019 11:14 am
GALESHWOR, Jan 22: Myagdi district’s only municipality Beni has slashed the rates of integrated property tax by reviewing its earlier decision.
January 21, 2019 11:30 am
DAVOS, Jan 21: Wealth inequality around the world is “out of control” and doing particular harm to women, anti-poverty campaigner Oxfam warned Monday ahead of the annual gathering of business and political leaders in the Swiss ski resort of Davos.
December 28, 2018 12:30 pm
HYDERABAD, Dec 28: The Goods and Services Tax department Thursday said it has attached the bank accounts of Telugu superstar Mahesh Babu to recover service tax dues from him. According to a press release issued by the Hyderabad GST Commissionarate.
November 19, 2018 20:37 pm
KATHMANDU, Nov 19: Minister for Agriculture and Livestock Development Chakra Pani Khanal has shared that the government was working to increase import taxes in bananas aimed at lessening its import from India.
November 17, 2018 14:32 pm
KATHMANDU, Nov 17: The government has honoured the highest taxpayers under different categories on the occasion of the 7th National Tax Day on Saturday.
November 17, 2018 10:15 am
KATHMANDU, Nov 17: Prime Minister KP Sharma Oli has said the campaign nation-building cannot be expedited without the development of a positive attitude towards a progressive tax system.
October 11, 2018 07:23 am
DANG, Oct 11: Tulsipur sub-metropolis of Dang district is currently facing charges at High Court for imposing taxes on various export items. Businessmen and traders had filed a petition at the court challenging the sub-metropolis’ decision to hike taxes.
September 25, 2018 08:58 am
DANG, Sept 25: In a recent village council meeting, Gadawa Rural Municipality of Dang decided to impose tax on the export of sand and stones. As mining entrepreneurs already pay tax to the District Coordination Committee for the business, the rural municipality's decision is going to force them to pay taxes twice for the same thing.
September 10, 2018 19:32 pm
As the country has adopted federalism, the concept of the local government has emerged. Based on the concept, local governments have been formed after the election. As the local governments have to generate the revenue source, they have started imposing unnecessary taxation.
September 3, 2018 14:55 pm
SAPTARI, Sept 3: Minister for Finance Dr Yubaraj Khatiwada has reaffirmed that the taxation in multi points would be ended very soon.
September 1, 2018 11:02 am
BHADRAPUR, Sept 1: The Appellate Court, Ilam has on Friday issued an interim order not to impose export tax on ginger.
August 28, 2018 07:06 am
KATHMANDU, Aug 28: Amid complaints that local bodies were imposing exorbitant taxes, top leaders of the Nepali Congress (NC) and Rastriya Janata Party Nepal (RJPN) have directed the elected officials of the local bodies representing their parties not to increase taxes in a way that would make the lives of the ordinary people difficult.
August 22, 2018 09:53 am
KATHMANDU, Aug 22: Tax officials say that they have been failing to bring trade of fruits and vegetables under the tax net because of informal nature of such trade.
August 18, 2018 07:18 am
Government forms two committees to look into taxation concerns
August 16, 2018 11:08 am
RATNANAGAR, Aug 16: The Ratnanagar municipality and agitating seven parties led by Nepali Congress (NC) have reached an 11-point charter of consensus on tax adjustment, putting to an end to the struggle waged to protest rise in tax.