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Govt unlikely to extend June 7 tax payment deadline

finance minister yuba raj-khatiwada
File: Finance Minister Yuba Raj Khatiwada

Kathmandu, June 2

The government is unlikely to extend the deadline of paying various taxes for the months of Chaitra and Baishakh after it ends on June 7 although the nationwide lockdown imposed to control the coronavirus outbreak in the country will continue.

Earlier, the government had extended the deadline twice. However, suggesting the deadline would not be extended again, the Inland Revenue Department has recently issued a public notice reminding the deadline is coming closer.

“We have given them two months, but it will be difficult for us to settle the accounts if we fail to collect taxes even now,” the Ministry of Finance spokesperson Uttar Kumar Khatri says, “We are not sure how long the pandemic will go. Now, they must submit the taxes of their transactions and income by the deadline. Otherwise, we will charge applicable interest and fine.”

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