High-level committee recommends government to maintain consistent taxation policies and to widen tax bases to ensure notable size of revenue mobilization
KATHMANDU, April 2 -- A wide range of tax exemption and frequent change in tax rates may not help increase revenue collection: high level committee
Inappropriate taxation policies of the government along with an inconsistency in the tax rates have led to low revenue collection of the government.
A high level committee formed to study tax system reform has come up with this conclusion. After the government underwent a massive fall in the revenue collection since last year, it formed a high level committee six months ago to study the issues. The study report includes 140 points of recommendations.
A cabinet meeting on September 22, 2023 formed the four-member committee led by former finance secretary Bidyadhar Mallik. Former secretary of...
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