Government still to raise Rs 275 billion in tax dues

Kathmandu- The government has to raise Rs 275 billion as arrears from 30,912 taxpayers till fiscal year 2081/82 BS.
As per the annual progress report of the Inland Revenue Department made public on Monday, the highest amount of dues of Rs 219 billion should be raised towards income tax from 193,620 taxpayers.

Similarly, Rs 48.70 billion dues remain to be collected from 137,253 taxpayers towards VAT while Rs 4.9 billion dues from 364 taxpayers towards Excise Duty as well as Rs 3.15 billion dues from 1,770 taxpayers towards other category.
The annual target progress set by the Inland Revenue Department in the last fiscal year to raise dues was minimal.
“Only Rs 8.71 billion remaining amount towards income tax was collected against the target of collecting Rs 22.76 billion in the last fiscal year. Only 38.29 per cent of progress was achieved as compared to the target,” reads the annual report.

Similarly, the Department had set a target of raising Rs 16.33 billion dues towards VAT, but only 63.28 per cent (Rs 10.33 billion) was collected. Towards income tax in arrears adjustment in the last fiscal year, Rs 21.39 billion dues were collected against the target of Rs 27.38 billion.
Likewise, a target had been set to collect 18.17 billion towards VAT, 122.63 billion target progress was achieved as compared to previous fiscal year. The Department had collected Rs 22.29 billion in the last fiscal year.
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