Govt committed to ensuring investment-friendly environment, says Mahat

KATHMANDU: Finance Minister Ram Sharan Mahat has said that the government is fully committed to ensuring an investment-friendly environment in the country.

Receiving a report of the Revenue Consultation Committee at the Finance Ministry on Friday, Mahat said, “Large investors are willing to come to Nepal for investments. The government is committed to promoting such investors.”

He said that more opportunities of investments have been created in the country in the recent days and stressed the need for utilising the same.

Stating that reduction of trade deficit was the major challenge of the time, the Finance Minister said the government will prioritise operation of the industries that increase the nation’s exports.

Mahat also said that a tax policy will be unveiled to encourage the taxpayers, adding that information technology will be used and the hassles seen in tax collections will be reduced.

During the programme, Revenue Secretary Nabaraj Bhandari said that the recommendations made by the Committee will be taken seriously and they will be addressed in the budget announcement for next fiscal year.

Likewise, Coordinator of the Committee, Laxman Aryal, said that the report of the High-Level Tax System Review Commission should be implemented and the rates of taxes should be adjusted.