Finance
Minister Shankar Prasad Koirala today directed revenue officials to immediately
prepare a detailed work plan for revenue mobilisation as they have to mobilise
Rs 1 billion every day to meet the revenue target for the current fiscal year.
"The
tax authority cannot blame anyone for inaction, as the government has been
providing 100 per cent incentives," he said, asking the Large Tax Payers
Office to prepare a detailed profiles of all the 633 large taxpayers across the
country.
The elected
government will take charge soon and the new finance minister will also go
through your performance on the basis of revenue mobilisation, Koirala added.
"Since the sixth month is crucial for revenue mobilisation, if necessary
take stringent measures to meet the target."
Likewise, finance
secretary Shanta Raj Subedi, on the occasion, said that the weakness of the
revenue administration has made Rs 3.41 billion revenue loss in the first five
months of the current fiscal year.
Asking the Large
Taxpayers' Office administration to check the tendency of individuals gaining
and institutions losing, he asked tax officials to bring multinational
companies under the tax net in a transparent manner.
The Large Taxpayers' Office
contributes to around half to the total tax mobilisation. Established to give
one-window service to the large taxpayers, it looks after taxpayers, who pay
over Rs 400 million annually, apart from medical colleges that pay over Rs 250
million annual tax.
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