Govt revises tax clearance date following widespread criticism, new deadline June 21
KATHMANDU: The authorities has backtracked from its earlier determination on tax clearance date revised the deadline for people and companies to clear taxes and file returns for the present fiscal yr.
As per the revised plan, the taxpayers should clear their dues by June 21.
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The determination has been taken retaining in thoughts the continued nationwide lockdown and threat of coronavirus transmission, and the widespread criticism that adopted the sooner deadline.
Earlier, the federal government had ordered companies and people to clear their tax dues by June 7.
The IRD on Tuesday had requested companies and people to submit the second instalment of earnings tax of the present fiscal yr by mid-June and worth added tax and excise obligation until mid-March and mid- April, respectively, by June 7.
It additional said that failure to fulfill the deadline for submitting tax returns and clearing tax dues of earlier months would end in prices
This had drawn criticism as companies have remained shut for nearly two-and-a-half months.
READ ALSO: Businesses, common public informed to clear tax dues by June 7
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