No change in tax rate on pressure: Finance Minister Pun

Finance Minister Barsha Man Pun has said the tax rate would be changed for coming fiscal year only on the basis of need and relevance.

The Finance Minister vowed the tax rate would not be changed on anyone’s pressure or interest. During a meeting with youth industrialists and IT experts at his office on Friday, Minister Pun, however, said the tax rates could be changed as per experts’ suggestions.

He further informed that government had the policy to forward development plans based on country’s geo-location, natural resources and workforce. Finance Minister hailed the progress made in the last one and half decade in the tourism, energy and cement industries.
According to him, government was mulling to prioritize information technology, start up and innovation.

Time has come for all sides concerned to work together to augment the economic growth in the background that Nepal witnessed only 4.23 percent economic growth rate it the last three decades.

Moreover, the Finance Minister asserted that with the new law brought through ordinance, government had assured profits to any firm that invest in Nepal.