Kathmandu Metropolitan City collects Rs 19 m revenue from ads
KATHMANDU: The Kathmandu Metropolitan City (KMC) has earned Rs 19 million revenue from advertisements in past nine months.
The KMC had aimed to collect an annual Rs 5 million in advert tax, but earned only Rs 1.6 million last year.
The KMC Revenue Division Chief Dhruba Kafle said the amount of tax was collected by mid-April of the ongoing fiscal year, which began in mid-July.
"In the past, we had various kinds of hoarding boards. Many used to bypass regulation and evade tax payment, but now all of them have come up with tax," he said.
As per the advertisement policy, advertisements and boards cannot be set up at public properties.
At private lands and properties, the advert boards can be set up at the height of 30 feet and 10 meters inward from the roadside.
The KMC has expressed reservation over the hoarding boards at Khulamanch citing they infringed law.
It has been learned that it is working to remove the adverts placed illegally at some places.