Posted by: sajh_aa March 12, 2009
SHOCKING: --- Tax by Nepal Govt on Money Earned and Sent from Abroad Like US, Europe, Aus, Mid-East or Asia
Login in to Rate this Post:     0       ?        
Refernce: IRD - Inland Revenue Dept of Nepal

http://www.ird.gov.np/overviewdisplay.php?t=Bases%20of%20Tax%20and%20Income%20Accounting%202058&l=Nepali&y=2002&c=Income%20Tax

India made successful move by attracting NRIs all around the world and encouraged to get their funds to India, however, now with Nepal's baby govt enforcing Double-Taxation Law that aims to be rich to fund their political drama, feed the thugs, party, and make foreign trips to discourage Nepalese all around the wold, will be out-right a total failure. Govt should adopt transparency and investigate abusing power, corruption, smugglings within the nation and if shown Tax-Paid abroad on the Funds, and if Nepalese are willing to remit, their money hard earned abroad, Govt should welcome that move. They can if to be taxed, minimal to encourage more influx of money from Abroad.
Only 2,700 people who probably feared to avoid investigation on their illegitimate earned income moved ahead to pay taxes, even WITHIN Nepal.
Taxes is good and should be implemented if it pays to the people who pay taxes. Like Security as a very basic need, opportunity for business environment, and atleast some electricity, for this 2nd richest country in the world, in Water Resource, after Brazil.They should also especially RICH Maos leaders should FIRST disclose their on property, Hopefully Dr Baburam Bhattarai Finance Minister, His Wife - Tourisim Minister, Daughter Student Leader, and brother, sisters, all others holding Top Govt position as soon as their Moogly life ended SHOW someee evidence of taxes paid. Forget the taxes, they don't even show their actual income required by LAW of Nepal

SHAME ON YOU! Whoever is thinking to be smart! This is inviting civil war from all concerned, NC started Madhesis to neutralize Maos, and now when they moved to so much unexpected level, they raised Tharus and now Muslims too, after Limbuwan and other ethnic uprising. This is BAD.


Last edited: 12-Mar-09 02:39 PM
Read Full Discussion Thread for this article