Nepal collects Rs 95.71 billion in inland revenues in 3 months, 91% of the goal

File: Inland Revenue Department (IRD), Kathmandu
File: Inland Revenue Department (IRD), Kathmandu

Kathmandu, November 7

The federal authorities has collected Rs 95.71 billion in inland revenues within the first quarter of the present fiscal 12 months, informs the Inland Revenue Department.

This is 91 per cent of the income goal set for the interval (Rs 105.22 billion) within the funds announcement for the fiscal 12 months, in line with the division.

This places the federal government beneath additional strain as it’s already shedding a big quantity of customs due to the ban on the import of some luxurious objects.

In the inland revenues too, the federal government achieved targets in excise duties, well being service revenues and schooling service revenues. Targets in revenue taxes, rental taxes and (inner) VAT couldn’t materialise.