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November 22: Finance Minister Yuwa Raj Khatiwada has said that the government will not rebate Value Added Tax (VAT) during his tenure as the finance minister. The minister said that VAT rebate is harmful to the entire economy.
Finance Minister Khatiwada made such comments during an interaction organised by the Inland Revenue Department (IRD) and the Confederation of Nepalese Industries on Wednesday (November 21) to mark the Tax Collection Week in the capital.
“VAT is collected from the consumers. But it is the businessmen who have been demanding that VAT should be refunded,” said the minister.
He further stressed the need to widen the base of tax. The minister said that the government has not yet been able to bring the agriculture sector under the ambit of tax. On the other hand, those who have been paying taxes since years have been bearing the brunt of additional taxes. In this context, the government is preparing to upgrade the country’s tax collection system to international standard, he said.
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'email' => 'nroy@newbusinessage.com',
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'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
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'hit' => '1001'
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
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'Article' => array(
'id' => '9478',
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'title' => 'Government Against Tax Rebate: Finance Minister',
'sub_title' => '',
'summary' => 'November 22: Finance Minister Yuwa Raj Khatiwada has said that the government will not rebate Value Added Tax (VAT) during his tenure as the finance minister. ',
'content' => '<p>November 22: Finance Minister Yuwa Raj Khatiwada has said that the government will not rebate Value Added Tax (VAT) during his tenure as the finance minister. The minister said that VAT rebate is harmful to the entire economy.</p>
<p>Finance Minister Khatiwada made such comments during an interaction organised by the Inland Revenue Department (IRD) and the Confederation of Nepalese Industries on Wednesday (November 21) to mark the Tax Collection Week in the capital.</p>
<p>“VAT is collected from the consumers. But it is the businessmen who have been demanding that VAT should be refunded,” said the minister.</p>
<p>He further stressed the need to widen the base of tax. The minister said that the government has not yet been able to bring the agriculture sector under the ambit of tax. On the other hand, those who have been paying taxes since years have been bearing the brunt of additional taxes. In this context, the government is preparing to upgrade the country’s tax collection system to international standard, he said.</p>
',
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(int) 0 => array(
[maximum depth reached]
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'id' => '9478',
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'title' => 'Government Against Tax Rebate: Finance Minister',
'sub_title' => '',
'summary' => 'November 22: Finance Minister Yuwa Raj Khatiwada has said that the government will not rebate Value Added Tax (VAT) during his tenure as the finance minister. ',
'content' => '<p>November 22: Finance Minister Yuwa Raj Khatiwada has said that the government will not rebate Value Added Tax (VAT) during his tenure as the finance minister. The minister said that VAT rebate is harmful to the entire economy.</p>
<p>Finance Minister Khatiwada made such comments during an interaction organised by the Inland Revenue Department (IRD) and the Confederation of Nepalese Industries on Wednesday (November 21) to mark the Tax Collection Week in the capital.</p>
<p>“VAT is collected from the consumers. But it is the businessmen who have been demanding that VAT should be refunded,” said the minister.</p>
<p>He further stressed the need to widen the base of tax. The minister said that the government has not yet been able to bring the agriculture sector under the ambit of tax. On the other hand, those who have been paying taxes since years have been bearing the brunt of additional taxes. In this context, the government is preparing to upgrade the country’s tax collection system to international standard, he said.</p>
',
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'created' => '2018-11-22',
'modified' => '2018-11-22',
'keywords' => '',
'description' => '',
'sortorder' => '9255',
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'user_id' => '1',
'created' => '0000-00-00 00:00:00',
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'email' => 'nroy@newbusinessage.com',
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117