HomeBusinessGovernment's priority to reform revenue system: Finance Minister Khanal

Government’s priority to reform revenue system: Finance Minister Khanal

BANKE:- Finance Minister Rameshwar Khanal inaugurated the customs assessment database system here today.   

On the occasion, Minister Khanal said that the database system launched at the Customs Office will help in reducing corruption and promoting good governance. “We have taken forward the work as per the government’s responsibilities. We are also working with priority to reform the revenue system.”

Stating that adequate facilities have been provided to taxpayers at all local levels of the country, he said that the revenue base will also be strengthened.

At the program, Revenue Secretary Bhupal Baral said that the database system has been implemented as per the demand of businesspersons to improve the customs system. “The responsibility to maintain good governance lies with both the private sector and the government. It is everyone’s responsibility to encourage legitimate trade,” he said.

Director General of the Department of Customs Shyam Prasad Bhandari said that collaboration with local administrations has been taken forward to prevent customs leakage and the database system launched today has been implemented in Nepal as well following international best practice. This system is necessary to detect under or overvalued goods and support anti-money laundering activities and ensure fairness, transparency, and uniformity in customs valuation.(RSS)

Share to social media

Latest News

Nepal urges Saudi Arabia to suspend skill verification process for migrant workers

KATHMANDU:-Nepal has urged Saudi Arabia to suspend the skill verification process for Nepali workers....

Trossard, De Bruyne score and Belgium defeats New Zealand 5-1 to advance at the World Cup

By ANNE M. PETERSON, VANCOUVER, British Columbia (AP):- With a flurry of of goals, Belgium...

Egypt star Mohamed Salah leaves 1-1 World Cup draw with Iran due to left knee injury

SEATTLE (AP):-  Former Liverpool standout and Egypt forward Mohamed Salah left Friday night’s 1-1 draw...

Bird flu on the rise in Kathmandu: Infection confirmed in 82 locations across 11 districts

KATHMANDU:- The bird flu (H-5N-1) infection that has been seen in the Kathmandu Valley for...

More like this

Discussion held on expanding investment and tourism opportunities in Nepal 

LHASA:- Investment, trade and tourism opportunities in Nepal, along with ways to further strengthen...

Tea industries reopen after government’s assurance

KATHMANDU:- Nepal Tea Producers’ Association has decided to resume the tea industries which were...

Birgunj Metropolitan City unveils budget over Rs 4.423 billion

BIRGUNJ:- The Birgunj Metropolitan City has unveiled its budget amounting to Rs 4.423 billion for...