Kathmandu. For the current financial year, Kathmandu Metropolitan City has provided tax exemption facilities to taxpayers. Provisions regarding this have been made in the Economic Act 2080. Exemption facilities have been provided for property tax, reinstatement tax, and business tax by specifying a period. Dhruv Kumar Kafle, head of the revenue department informed that the discount facility can be taken from the ward office. Property tax and business taxpayers who file annual regular tax will get a 10% discount until the end of December 2080.
A 30% discount on property tax including arrears has been given to taxpayers who have built or leased a hotel, resort or movie house in the name of a hotel, resort, or movie house operating within the metropolitan area. This facility will be available only till the end of January. A taxpayer who constructs a building for the purpose of commercial vehicle parking will be exempted from property tax for 10 years from the date of construction of the building.
Industries or businesses operating under the One Ward One Model Enterprise Program will be exempted from 15% of the business taxes and fees they have to pay for up to 3 years after their registration. 40% of the total tax amount if registered and operating in the name of women, tribals, Dalits, disabled and young people under the age of 35 years who have not come under the scope of tax till the current financial year and have a capital investment of up to 500,000, if they file the tax before the end of 2080 Paush. In the case of taxpayers who file regular taxes, there will be a 25% discount on the tax amount. This discount will be given to people who are permanent residents of Kathmandu Metropolitan City on the basis of citizenship, voter ID card, or migration certificate.
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