Kathmandu, May 26
Private
sector has urged the government for resolving tax duplication.
Issuing
a joint statement on Wednesday, Federation of Nepalese Chamber of Commerce and
Industry (FNCCI), Nepal Chamber of Commerce (NCC) and Confederation of Nepalese
Industry (CNI) urged the government to make tax collection by the local levels
more effective and systematic.
“We
urge the governments at all levels to implement the law in a way that it
wouldn’t overburden the private businesses,” read the statement.
According
to them, there are still problems with the revenue rights handed over to the
provinces and local bodies such as entertainment tax, advertisement tax and
land tax. They have urged the National Natural Resources and Fiscal Commission,
Inter-government Fiscal Council, Provincial Council, Municipality Association
of Nepal and National Association of Rural Municipality in Nepal to resolve the
issues related to taxation.
The
business associations have demanded to create uniformity in tax rates imposed
by the local bodies, and it should be collected by them not through a contract.
Likewise,
the private sector requested the central government to provide unique codes to
the local bodies and make a provision to deposit the tax in the bank account on
the basis of the code.
“The
money deposited in the bank account should be distributed to the provinces on
the basis of existing laws. There should be a one-door system to collect taxes
in order to make the process transparent,” read the statement.
Published in The Rising Nepal daily on 27 May 2021.
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