Chitwan Firms Avail Tax Amnesty Under Economic Act 2083
Summary
Two thousand nine hundred six firms in Chitwan have taken tax exemption facilities under the Economic Act 2083, helping boost revenue collection in the district. The government’s one-time amnesty covers outstanding income tax, VAT and excise duty if one percent of the dues is paid.
Key Points
- Two thousand nine hundred six firms in Chitwan have availed the tax exemption facility under the Economic Act 2083.
- The law waives remaining interest, penalties and late fees if taxpayers pay one percent of outstanding tax, VAT or excise duty.
- Inland Revenue Office chief Punyabikram Khadka said the amnesty has encouraged businesses to settle pending dues and resume operations.
- Revenue collection in the district rose to Rs 1.81 billion 55 million 58 thousand in the latest July, up by Rs 28 crore year on year.
