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Private Sector Under Pressure to Pay Taxes Despite Prohibitory Order

Inland Revenue Department urges Taxpayers to make Payment through Online Banking System

  1 min 41 sec to read
Private Sector Under Pressure to Pay Taxes Despite Prohibitory Order
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September 7: The private sector businesses are under pressure to pay tax at a time when they are not able to operate properly due to the prohibitory order issued by the local administration in various districts.

The revenue offices under the Ministry of Finance have been urging the private sector to pay the tax on time as the ministry has not extended the timeframe for payment despite the lockdown and prohibitory order.

The Inland Revenue Department had issued a notice to pay taxes on August 23. The same notice says that the time period for the payment of taxes is up to the end of the Nepali month of Bhadra (September 16). The department will slap fines if the private sector does not pay the taxes on time, warns Binod Bahadur Kunwar, director general of the department.

According to him, the ministry of finance has not taken any decision about extension of the time period for paying taxes. Therefore, they cannot spare anyone who evades taxes on the pretext of prohibitory order, he informed.

“There is no need to be physically present at the revenue office for paying taxes. It is possible to pay taxes through mobile banking,” he added.

 

 

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