The
government has failed to mobilise around Rs 2 billion revenue from its own
enterprises, as it seems equally difficult to recover revenue from public
enterprise (PEs) like from the private sector.
The Public
Enterprises (PEs) have to pay the government around Rs 2 billion outstanding
tax dues, according to the Finance Ministry.
These public
utilities have representatives from the Finance Ministry also but have been
failing to file tax. "They have neither audited nor filed tax," said
a higher official at the Finance Ministry that has held a interaction with the
heads of the state-owned entities yesterday.
The heads of
the public enterprises were asked to audit – even if they are in loss – and
file the tax, said joint secretary at the ministry Rajan Khanal.
The
increasing outstanding revenue – non-tax and tax both – dues of the public
enterprise is a serious concern, he said, adding that the ministry officials in
the board of these utilities should also aware them.
Most of the
PEs are in loss and they do not bother to file tax, which is not a good trend,
he added.
Of the total
37 PEs, 21 are in loss in the fiscal year 2011-12, according to the Finance
Ministry. The 21 PEs have incurred Rs 3.49 billion net loss in the fiscal year
2011-12, whereas in the fiscal year 2012-13, the government had invested Rs
101.23 billion.
The PEs like Udayapur
Cement, Janak Educational Material Centre, Nepal Airlines Corporation, Beema
Sansthan, Timber Corporation, Nepal Oil Corporation Nepal Electricity Authority
are running in loss. The government has been pumping cash to pay the salary of
the staff, but they have not filed tax promoting financial indiscipline.
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