Instant News. For Empowerment. - nepalekhabar.com - Encouraging revenue collection—32.97 billion

Encouraging revenue collection—32.97 billion—in four months

Nepalekhabar.com correspondent
Tuesday, 18 November 2008
Print Email Bookmark Write to Editor
In the first four months of the ongoing fiscal year, the government has been able to collect revenue of Rs.32.97 billion. This is a rise by 35.5 percent in comparison with the same period of the previous year. Revenue Secretary of the Ministry of Finance Krishna Hari Baskota says, “If this trend continues, we can easily meet this target.” The government’s target of collecting an unprecedented amount of revenue has been considered very ambitious—Rs. 141 billion this year alone. Profit-making educational institutions have refused to pay an educational service tax of five percent. Similarly, businesspersons have begun to put pressure on the government against ambitious tax plans.

There is no comment posted on this news.

Submit your feedback here:
We welcome your comments on this story. Comments are submitted for possible publication on the condition that they may be edited. Please provide your full name. We also require a working email address - not for publication, but for verification