June 6, 2022 18:42 pm
KATHMANDU, June 6: Lawmakers have demanded the government revisit the taxes imposed on the import of electric vehicles (EVs).
September 25, 2021 17:57 pm
KATHMANDU, Sept 25: The manufacturers of iron rods on Saturday slammed the government’s move to raise the taxes on the import of billet, the main raw material to produce iron bars, and said they would continue with their protests until the government revokes its decision.
February 28, 2020 09:49 am
First of all, let us take a sip of our doodh chiyas and give a round of applause to Gokul dai for resigning from office. Our former (mis)information mantri can now start writing a weekly column for one of our newspapers since he will have a lot of free time. Gokul dai is not the first mantri to ask for commission from big shady deals. He would have given some of it to his mother party, some to his spouse, some to his near and dear ones and they would all have had some fun with the free illegal money.
March 6, 2019 08:30 am
KATHMANDU, March 6: The Inland Revenue Department (IRD) on Tuesday filed a case against 24 business firms accusing them of evading taxes amounting to Rs 1.75 billion by registering fake companies.
February 4, 2019 09:53 am
BIRGUNJ, Feb 4: Ministry of Federal Affairs and General Administration has issued a circular to all 753 local units across the country, instructing them against levying taxes on production and exports.
July 26, 2018 02:00 am
The new federal government hiked tax rates on several consumer goods through the budget. Similarly, provincial and local governments are also doing the same, overcharging citizens on even basic services like birth registration.
July 6, 2018 18:11 pm
MOSCOW, July 6: According to the Minister Maxim Oreshkin, Russia plans to tax $87.6 million worth of US annual imports, while the remaining taxes could be applied within three years in order to compensate for $537,6 mln, which Russian exporters lost due to the tariffs in the US.
May 30, 2018 10:18 am
People with annual earnings of up to Rs 450,000 will have to pay only 1% social security tax for Rs 350,000 and 10% of the remaining Rs 100,000. Under this taxation, the total income tax on annual income of Rs 450,000 will be Rs 13,500.
February 28, 2018 08:15 am
KATHMANDU, Feb 28: Independent Power Producers’ Association Nepal (IPPAN) has asked the local government units not to impose any new tax on the hydropower projects before the government formulated clear laws of taxation on this sector in the federal setup.
February 7, 2018 09:47 am
JHAPA, Feb 7: The tax overdue of Sanghai Group to Mechinagar Municipality has exceeded Rs 250 million. The group, like many others, has refrained from paying taxes for the past many years.
January 1, 2018 08:00 am
KATHMANDU, Jan 1: In a eight year long dispute between five-star hotels and Nepal Recreation Centre (NRC) regarding paying the royalties and income tax for the operation of casinos, the Supreme Court on Sunday directed the NRC to pay over Rs 1 billion in taxes to the government.
December 14, 2017 04:00 am
KATHMANDU, Dec 14: The Supreme Court on Wednesday issued a show cause notice to the government authorities demanding clarification on why it is planning to collect additional five percent medical tax on top of 13 percent Value Added Tax (VAT) for patients receiving medical service from private hospitals.
November 22, 2017 05:45 am
KASKI, Nov 22: Sixteen business houses and trading firms have been blacklisted by the Inland Revenue Office (IRO), Pokhara after they were found evading Value Added Tax (VAT).
November 1, 2017 03:15 am
NEPALGUNJ, Nov 1: An Indian truck with registration UP 35 T 7307 loaded with electrical appliances worth Rs 2 million entered Nepal on Saturday evening without completing customs procedures.
September 4, 2017 05:30 am
BIRGUNJ, Sept 3: Basruddin Ansari, who during his tenure as the managing director of the Birgunj-based National Medical College evaded over Rs 90 million in taxes, has been fielded by the CPN-UML as its candidate for the post of Birgunj Metropolitan City of Parsa district.
August 30, 2017 01:57 am
KATHMANDU, August 30: Buddha Air paid a total of Rs 592.25 million in different taxes to the government in Fiscal Year 2016/17.
March 26, 2017 08:35 am
After failing to repeal Obamacare, Republicans in the U.S. Congress quickly pivoted on Friday to President Donald Trump's next priority: overhauling the federal tax code, but their plan has already split the business community.
March 15, 2017 14:27 pm
WASHINGTON, MArch 15: President Donald Trump paid $38 million in taxes on more than $150 million in income in 2005, the White House said on Tuesday, responding to an MSNBC report that the network had obtained two pages of the returns.
September 27, 2016 07:45 am
NEW YORK, Sept 27: Hillary Clinton emphatically accused Donald Trump of purposely keeping his personal tax returns and business dealings secret from voters, declaring during Monday night's presidential debate, "There's something he's hiding."