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Online Tax Payment System comes into Effect

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April 27: Finance Minister Dr Yuba Raj Khatiwada has shown keen interest in improving tax payment system in order to solve the problems seen in revenue collection and tax payment. Khatiwada's first decision of initiating electronic payment (e-payment) system for tax collection has come into effect from the Nepali New Year. The minister proposed tax payment of lower than Rs 100,000 through e-payment.

Minister Khatiwada said that the government decided to switch to e-payment system to conduct transactions in a transparent and easy way.

He said that taxpayers can pay the tax even during night time through the new system.

The government expects to increase tax collection and decrease the hassles for taxpayers with this new service.

Revenue Secretary Shishir Dhungana said the government will extend the online tax playment system in all offices/organizations across the nation within the fiscal year 2018/19.

 

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