Kathmandu, January 1:

The finance minister Dr Baburam Bhattarai today said that he is committed to take action against those who have amassed wealth overnight without any definite income source.

Addressing entrepreneurs at an interaction on Voluntary Disclosure of Income Source (VDIS) organised by the Confederation of Nepalese Industries (CNI) here today, he said that the government would not pardon anyone who does not pay tax or disclose their property.

Lashing out especially at politicians and a section of society for havinng become rich those overnight without any proper income channel, he urged entrepreneures not to worry if

they have paid tax and have registered their Personal Account Number (PAN). “All professionals who were not in the tax net formerly will have to voluntarily disclose their income sourse and pay 10 per cent.”

Dr Bhattarai added.

“The government has brought the VDIS scheme to generate more funds in order to kickstart the stalled development of the country,” Inland Revenue Department (IRD) director general Kapil dev Ghimire said adding that to achieve double digit growth, the government needs fund. Under the scheme, one has to disclose one’s own property on the price based on July 16 and pay 10 per cent tax.

“The last date for VDIS and payment of tax is February 11. From February 12, the government will start taking action against those not abiding by the rule,” he said. Acting revenue secretary Krishna Hari Baskota answered questions by entrepreneurs on ancestral property and VDIS scheme.