Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]

NCC Urges KMC to Withdraw Tax Hike

  50 sec to read

June 20: Nepal Chamber of Commerce (NCC) has drawn the attention of Kathmandu Metropolitan City (KMC) regarding the hike in tax under various headings. NCC has urged the metropolitan authority to withdraw the price hike immediately.

NCC made such demand arguing that the KMC took such without consulting with the private sector.

NCC expressed its displeasure after the KMC imposed a sharp hike in local tax, registration fees and fines as per the Finance Act 2074.

 “The local authority took a unilateral decision to hike the price when the existing laws have clearly stated that it should include the private sector in the Revenue Advisory Committee while fixing the tax rate within its jurisdiction,” states a press release issued by NCC o July 19.

The NCC statement further says that the hike in business tax imposed by the KMC will result in rise in inflation and the public will have to bear the burden in the end.

Deprecated (16384): Using key `action` is deprecated, use `url` directly instead. [CORE/Cake/View/Helper/FormHelper.php, line 383]
No comments yet. Be the first one to comment.