Source::RSS
RSS
Kathmandu
The Kathmandu Metropolitan City (KMC) is to provide special concession to the tax-payers affected by the global pandemic of the novel coronavirus. This is stated in the KMC's Policy and Programmes for the Fiscal Year 2020/21.
KMC Mayor Bidya Sundar Shakya unveiled the policy and programmes for the upcoming fiscal on Thursday.
On the occasion, Mayor Shakya said KMC has adopted the policy of providing appropriate concession to the taxpayers affected by COVID-19 pandemic. Stating that the Fiscal Year 2020/21 has been announced as the 'Tax-payer Registration Year', he said students studying Bachelor's and Master's level in management would be mobilised as per the need for preparing an integrated and scientific archive of the tax-payers.
Similarly, the policy and programmes has the objective of developing a progressive tax system, an efficient tax administration, expansion of tax net, review of the tax rate, expansion of tax coverage and making the revenue leakage control effective, for the efficient mobilisation of resources. The KMC also has the policy of rendering the whole revenue administration tax-payer friendly by increasing their voluntary participation in the tax system. A special monitoring team would be formed and mobilised for strictly implementing the tax and non-tax revenue monitoring task.
The KMC has also adopted the policy of providing special concession to hotels, restaurants, shopping mall and other businesses operating in the metropolis considering the unexpected recession in trade and business due to the COVID-19 pandemic. The policy and programmes containing 259 points is centred on public health reform, school education improvement, food security, entrepreneurship and employment promotion and transport management.
ALSO READ:
