Saturday, September 14, 2024

DPM Paudel for modernising tax administration

 Kathmandu, Sept. 13

Deputy Prime Minister and Minister for Finance Bishnu Prasad Paudel said that internal resource mobilisation will be made more effective to achieve the goal of development and prosperity of Nepal.

Speaking to the tax officers at a programme held after the inspection of the Internal Revenue Department (IRD) in the Capital on Friday, DPM Paudel said that the tax system will be further modernised in order to mobilize internal resources more effectively, reduce the tax participation cost of taxpayers, and prioritise the development of technology-friendly human resource.

He instructed the employees to work to expand the scope of taxes, create a taxpayer-friendly environment, increase the quality of taxpayer services, increase voluntary tax participation, and stop tax evasion and leakage.

Finance Minister Paudel said that he will also take more initiatives in institutional reforms to create result-based professional organisation with work specialization while emphasise would be given to simplifying the work process, risk-based tax audit and electronic governance.

Saying that the arrears and delinquencies in the big tax offices have increased, DPM Paudel has directed them to conduct a special campaign to clear the arrears.

Finance Secretary, Dr. Ram Prasad Ghimire, instructed the employees to understand their responsibilities and obligations.

Likewise, Revenue Secretary, Dinesh Kumar Ghimire, asked them to move forward by paying attention to the target of revenue mobilisation. The country has not been able to meet the annual revenue targets for the past several years with just about 64 per cent revenue target meeting in the last Fiscal Year 2023/24.

Director General of the IRD, Ram Prasad Acharya, expressed his commitment to fulfill the target of internal revenue collection this year which stands at Rs. 701 billion. Total revenue target for this fiscal is Rs. 1419.30 billion. 

Published in The Rising Nepal daily on 14 September 2024.

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