Inland Revenue Department Implements New Legal and Technical Measures for Transparent Tax System
Summary
The Inland Revenue Department has introduced new legal and technical measures to make Nepal’s tax system more transparent, technology-friendly, and taxpayer-friendly. Taxpayers will now be able to correct VAT details within seven days, while electronic tax deduction submissions must be recorded on time to curb manipulation and delays.
Key Points
- The Inland Revenue Department has rolled out new legal and technical arrangements to improve transparency and ease in tax administration.
- Taxpayers can now correct VAT details themselves within seven days, reducing the need to visit tax offices for minor errors.
- The department has tightened rules for electronic tax deduction submissions to prevent late reporting and manipulation such as backdating.
- Director General Dr. Bhishma Kumar Bhusal said the reforms are aimed at reducing hassles, saving time, and improving governance.
