Finance
Minister Shankar Prasad Koirala today reiterated that the government is not
going to extend the deadline to clear outstanding tax dues due to mismatch.
"The
government will move ahead according to law of land," he said, adding that
the deadline has that has been extended by a month till mid-January – on
traders request is coming to an end and would not be extended this time.
According to
government's offer, the taxpayers would get rebate, if they clear outstanding dues
within January 15.
Those failing
to clear dues by January 15 will face the music, he said addressing an
interaction with regulatory bodies, here today.
Stressing
the need for mutual cooperation, coordination and collaboration among tax
payers, regulatory agencies and revenue administration to boost revenue mobilisation,
he said that the taxpayers ability also has to be enhanced. "Strong
regulatory authority would support to strengthen government."
Finance secretary
Shanta Raj Subedi, on the occasion, showed serious concern over low involvement
in tax net. "Only a few professionals have come under the tax net as only
around 15,000 professionals are paying taxes – far below the government's expectation
of 50,000," he said, adding that the government will launch aggressive
campaign to recover outstanding dues from tax defaulters after mid-January.
"Likewise, only around 100 media and journalist have come under tax net,
which is also serious."
The private
sector asked for incentives, but did not respond it as it should have been
after the government brought the scheme, Subedi added.
The
regulatory authorities should be stronger, said chief of Revenue Administration
Division at the Ministry of Finance (MoF) Rajan Khanal, on the occasion. He
also asked regulator to be alert as they can help government mobilise revenue.
“Around 33
per cent of business firms are operating without registering with the regulatory
authorities,” informed director general of the Inland Revenue Department (IRD) Tanka
Mani Sharma, expressing concern over the growing tendency of not registering
and renewing firms.
The Federation of Nepalese
Chambers of Commerce and Industry (FNCCI) is encouraging businesses to take
advantage from the government offer, said vice president of FNCCI Pashupati
Murarka.
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