Non Resident Nepalis have asked the government to exempt tax to
their association as other philanthropic organisations.
The Non-Resident Nepali Association (NRNA) should be registered as
an entity with income tax exemption like other social organisations, demanded NRNA
president Shesh Ghale in a meeting with finance minister Shankar Prasad Koirala
here today.
The NRNA will be encouraged for social works, he said, demanding the
government to sign double tax avoidance agreement (DTAA) and recognise NRNs as
the investors and largest remittance senders through authorised channels.
"Like in other countries, Nepal should also start Special Economic Zones
(SEZs) to encourage foreign investment."
The association has also formed a Relief Trust for migrant
workers, who are injured, and stranded in Gulf and Malaysia. "The Trust
has already Rs 10 million fund," Ghale, one of the richest NRN
Australians, added.
On the occasion, the minister asked the NRNA to increase
investment in infrastructure development and hydropower. "The government
is ready to create investment-friendly environment," he said, adding that
the government had registered the NRNA also to encourage them to bring in
investment.
The elected government will
also continue to bring in reforms to reverse the import-based economy to
production-based, Koirala said. "There is also a need to increase
investment in rural areas."
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