KATHMANDU, Dec. 6 -- The government is in the process of implementing a single-code system for the income tax, value added tax, and excise duty, as an effort to simplify the procedures for taxpayers, a finance ministry official said on Thursday.

Speaking at an event organized by the Society of Economic Journalists Nepal, Udaya Raj Sapkota, joint secretary at the Ministry of Finance, said the tax administration had stepped up preparations for enforcing single-code for the three tax systems.

Sapkota said the ministry was about to make amendment to Financial Act for enforcing the new system.

According to him, the government has adopted the policy of reducing the number of government institutions and integrating the related laws to reduce ...