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Business Just In lockdown effects Nepal lockdown Yuba Raj Khatiwada

Govt unlikely to extend June 7 tax payment deadline

finance minister yuba raj-khatiwada
finance minister yuba raj-khatiwada
File: Finance Minister Yuba Raj Khatiwada

Kathmandu, June 2

The authorities is unlikely to increase the deadline of paying numerous taxes for the months of Chaitra and Baishakh after it ends on June 7 though the nationwide lockdown imposed to regulate the coronavirus outbreak within the nation will proceed.

Earlier, the federal government had prolonged the deadline twice. However, suggesting the deadline wouldn’t be prolonged once more, the Inland Revenue Department has lately issued a public discover reminding the deadline is coming nearer.

“We have given them two months, however it will likely be tough for us to settle the accounts if we fail to gather taxes even now,” the Ministry of Finance spokesperson Uttar Kumar Khatri says, “We should not certain how lengthy the pandemic will go. Now, they have to submit the taxes of their transactions and earnings by the deadline. Otherwise, we are going to cost relevant curiosity and superb.”

Published on June 2nd, Tuesday, 2020 11:59 AM

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