The private sector today criticised the government for imposing heavy taxes.
Speaking at a programme organised to mark the 8th National Tax Day, they also said that the privaye sector has not been able to meet basic expenditures due to heavy taxes imposed on them.
Senior vice president of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) Shekhar Golcha and president of Nepal Chamber of Commerce (NCC) Rajesh Kaji Shrestha complained the government for collecting heavy taxes putting burden on private sector.
Golchha, on the occasion, criticised the government for making the PAN card mandatory for all wage earners. “It has severely affected businesses of small entrepreneurs," he said, vowing to support the government in its bid to expand the base of the taxes. “We are ready to support the government in its campaign of achieving economic goals.”
Likewise, NCC president Shrestha urged the government to give relief to the industrialists and entrepreneurs by exempting unnecessary taxes on them.
Meanwhile, finance minister Dr Yuba Raj Khatiwada, on the occasion, said that the government is committed to creating a conducive environment for the private sector although industrialists are facing some challenges due to tax in the new federal set-up. He said that the government has introduced a new tax system to make the industrialists and entrepreneurs more responsible.
The finance minister said the government was making needful preparations to mobilise three-fourths of total taxes from internal sources. “The government is committed at increasing the share of internal resources even though it may be hard in the beginning,” he said, adding that the government will make amendment to tax policy and law. “The economy is in a transitional phase and the business fraternity will be used to be with VCTS, PAN, and other ICT systems soon.”
Speaking at a programme organised to mark the 8th National Tax Day, they also said that the privaye sector has not been able to meet basic expenditures due to heavy taxes imposed on them.
Senior vice president of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) Shekhar Golcha and president of Nepal Chamber of Commerce (NCC) Rajesh Kaji Shrestha complained the government for collecting heavy taxes putting burden on private sector.
Golchha, on the occasion, criticised the government for making the PAN card mandatory for all wage earners. “It has severely affected businesses of small entrepreneurs," he said, vowing to support the government in its bid to expand the base of the taxes. “We are ready to support the government in its campaign of achieving economic goals.”
Likewise, NCC president Shrestha urged the government to give relief to the industrialists and entrepreneurs by exempting unnecessary taxes on them.
Meanwhile, finance minister Dr Yuba Raj Khatiwada, on the occasion, said that the government is committed to creating a conducive environment for the private sector although industrialists are facing some challenges due to tax in the new federal set-up. He said that the government has introduced a new tax system to make the industrialists and entrepreneurs more responsible.
The finance minister said the government was making needful preparations to mobilise three-fourths of total taxes from internal sources. “The government is committed at increasing the share of internal resources even though it may be hard in the beginning,” he said, adding that the government will make amendment to tax policy and law. “The economy is in a transitional phase and the business fraternity will be used to be with VCTS, PAN, and other ICT systems soon.”
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