IRD launches campaign to boost revenue collection

December 6, 2008
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With an aim to help increase the volume of the revenue collection, the Inland Revenue Department (IRD) has introduced leakage control measures at different levels.

According to media reports, the department has come up with the concept of Intensive Integrated Investigation (III) to detect the revenue leakages on government agencies situated at Tribhuwan International Airport (TIA).

It is learnt that the IRD has commenced investigation in areas including contracts for parking, hotel business and shops located inside the premises of TIA.

The reports further state that the IRD, in its preliminary investigation, found that those firms not registered with the Value Added Tax (VAT) net were collecting VAT and some shops were refraining from issuing bills.

The basic aim of IRD is to control leakages by booking those who are bent on evading tax. nepalnews.com nd Dec 6 08