Nepal | July 11, 2020

KMC waives tax on various sectors

Himalayan News Service
Share Now:

Kathmandu, June 25

Kathmandu Metropolitan City has decided to exempt all businesses from penalty on tax dues for the fiscal 2019-2020.

According to the Finance Bill (2020-2021) tabled by KMC Mayor Bidhya Sundar Shakya at seventh municipal assembly yesterday, a decision was taken to help Kathmandu-based business enterprises severely affected by the COVID-19 pandemic and the subsequent lockdown.

Similarly, if the business enterprises submit property tax to the metropolis by mid-January, they will be entitled to 10 per cent exemption on applicable tax. In yet another decision, buildings to be constructed for vehicle parking will enjoy 100 per cent property tax exemption for five years from the date of operation.

KMC has also proposed to grant 75 per cent exemption to hotels and resorts on property tax for the new fiscal 2020-2021 on the condition that they settle the applicable tax of fiscal 2019-2020. Likewise, house owners, who offer at least one-month rent waiver to tenants, will enjoy 10 per cent exemption on annual rental tax for the fiscal 2020-2021.

As per KMC, traders engaged in hotel, tourism and entertainment sectors inside the metropolis will be entitled to 50 per cent exemption on business tax.


A version of this article appears in e-paper on June 26, 2020, of The Himalayan Times.


Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Slick United ease to another win at struggling Villa

BIRMINGHAM: Manchester United kept up their impressive chase for a top-four spot with a comfortable 3-0 win at relegation-threatened Aston Villa in the Premier League on Thursday. The victory means United, who are now unbeaten in 17 matches in all competitions, became the first team s Read More...

Ward chair’s hand suspected in fertiliser black marketing

RAUTAHAT, JULY 9 While fertiliser crunch has affected farmers in Rautahat badly, complaints of black-marketing have also increased of late. As per a finding, fertiliser bought in the name of Srijansil Agriculture Cooperatives Limited, Bagmati Saving and Credit Cooperatives Limited and Unnatish Read More...

Nepal received India’s diplomatic note on the country’s new map last month, says NA panel

KATHMANDU, JULY 9 The Government of India had sent a diplomatic note to Nepal’s Ministry of Foreign Affairs after the Government of Nepal published a new political and administrative map of the country, depicting Limpiyadhura, Lipulekh and Kalapani as the country’s territories. Chair of th Read More...

One-on-one meeting of NCP co-chairs postponed

KATHMANDU, JULY 9 The much anticipated one-onone meeting between co-chairs of the ruling Nepal Communist Party (NCP) Prime Minister KP Sharma Oli and Pushpa Kamal Dahal did not take place today. Deputy Parliamentary Party leader of NCP Subas Chandra Nembang, who is close to PM Oli, told THT th Read More...

Preparations on to prevent possible disaster

BHOJPUR, JULY 9 A multi-party meeting of Bhojpur District Disaster Management Committee held under the chairmanship of Chief District Officer Basanta Raj Puri today decided to be prepared for any eventuality that may occur due to the monsoon. Federal lawmaker Sudan Kiranti was also present at Read More...

Bharatpur Hospital

Bharatpur Hospital providing dialysis service to COVID patients

CHITWAN, JULY 9 Bharatpur Hospital, which is treating coronavirus infected people of Chitwan and its surrounding areas, has also started providing dialysis service to coronavirus-infected kidney patients. Kidney disease specialist at Bharatpur Hospital, Dr Santosh Gurung, said the hospital had Read More...

Infection rate high among returnee migrants

RAJBIRAJ, JULY 9 High rate of COVID-19 infection has been seen among people returning from third countries at present, while the infection rate was high among returnees from India two months ago in Saptari. According to District Public Health Office, of the 154 COVID infected persons being tre Read More...

Landslide sweeps away water pipes in Dhading

DHADING, JULY 9 Locals at Chhumrang Village are facing acute drinking water crisis after landslides swept away drinking water pipes at Rubivalley Rural Municipality, in Dhading. The villagers are compelled to drink collected rainwater as they cannot clear away the mudslip to connect the pipes Read More...