Govt extends tax payment deadline by two weeks amid widespread criticisms

KATHMU, June 3: Amid widespread criticisms, the federal government has prolonged the deadline for the fee of particular person enterprise taxes by two weeks. 

The Inl Revenue Department (IRD) on Wednesday stated that the deadline to submit tax particulars, earnings particulars fee of taxes has been prolonged to June 21.

Earlier, the IRD had requested all people companies to clear the taxes by June 7. The IRD acknowledged that the choice was made, conserving in view the continuing COVID-19 state of affairs. 

According to the revised choice, companies people are required to submit the second installment of earnings tax of the present fiscal yr by June 29. Similarly, Value Added Tax (VAT) excise obligation must be submitted by June 21.

Private sector our bodies just like the Federation of Nepalese Chambers of Commerce Industry Confederation of Nepalese Industries had criticized the federal government’s choice to name for tax fee at a time when the companies have remained shut for 2 months resulting from COVID-19 disaster. 

The important opposition celebration, Nepali Congress (NC) additionally criticized the federal government for exerting undue strain on the non-public sector to clear taxes regardless of the continuation of lockdown. The celebration in a press release on Wednesday alleged that the federal government was terrorizing non-public companies, laborers, farmers with tax compliance as a substitute of introducing a particular reduction package deal to them.