Kathmandu, Feb. 28
The Revenue Advisory
Committee formed to provide revenue-related recommendations to the government
for the budget of the upcoming Fiscal Year 2026/27 has started its work,
informed the Ministry of Finance (MoF) on Friday.
The MoF had formed the
committee on February 11.
The 12-member committee
is led by Revenue Secretary Bhupal Baral and includes representatives from the
Department of Economics at the Tribhuvan University, Ministry of Industry,
Nepal Rastra Bank, private sector business associations, and the MoF.
The committee is tasked
to offer suggestions on issues like income tax, Value Added Tax, excise duty,
and taxes on education service, e-commerce and digital service, policy, legal,
customs and tax policy reforms, revision of tax rates, process simplification,
and restructuring of the tax administration.
It is also expected to
provide recommendations on non-tax incentives, review of customs duties,
checking revenue leakage and money laundering investigation, controlling of
economic crimes, and resource management.
According to the MoF,
the committee will provide its view on expansion of tax base, duplication of
taxes among the various levels of the government, and will identify areas of
non-tax revenue.
Nine sub-committees are
formed under the committee to provide sectoral recommendations. They are –
internal revenue, customs, revenue leakage and investigation, industry,
commerce, investment and export promotion, agriculture, energy and tourism,
bank, financial institutions, insurance, cooperatives and capital market,
non-tax and intergovernmental revenue management, macro-economic, and
anti-money laundering and investigation.
Published in The Rising Nepal daily on 29 February 2026.
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