Government grants Rs 85.23 billion in customs revenue waiver in one year

www.fiscalnepal.com · 1 week ago

The government granted Rs 85.23 billion in customs revenue exemptions in fiscal year 2081/82, an increase from the previous year, according to the 63rd Annual Report of the Office of the Auditor General. The report highlights weaknesses in record-keeping for tax exemptions, particularly by the Ministry of Finance and the Inland Revenue Department. Concerns were also raised about the utilization of tax exemptions in public construction projects, suggesting that contractors may be benefiting more than the projects themselves, and that extensive waivers are impacting the government's revenue mobilization capacity.