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IRD to Charge Taxpayers with Late Fee, Interest and Fine

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IRD to Charge Taxpayers with Late Fee, Interest and Fine
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September 11: The government is unlikely to address the demand of the private sector to extend the deadline for payment of tax. The private sector has been demanding deadline extension arguing that they are unable to pay taxes due to the prohibitory order in force across the country.

According to the Inland Revenue Department, the taxpayers were given until September 10 to pay the taxes and the government has not extended the deadline.

Director General of IRD Binod Bahadur Kunwar says that that taxpayers who come to pay the tax after the deadline will be fined as per the legal provision.

“The private sector had sought extension of the deadline. We informed the Finance Ministry about it but the ministry hasn’t given us any instructions,” said Kunwar.

According to him, the tax payers will not have to submit late fee, interest and fine to clear their value added tax, income tax and excise duty.

The IRD informed that it collected revenue of around Rs 12 billion as of September 9.

 

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