Number of taxpayers up in KMC

Kathmandu / Jan 21: The number of taxpayers has increased of late in Kathmandu Metropolitan City (KMC).

The number of taxpayers, which was 324,120 in the last fiscal year, has now climbed to 343,340 in the current fiscal year, said Dhruba Kafle, the chief of KMC’s Revenue Department.

According to Kafle, 35,057 new taxpayers have been added under the heading of ‘rental taxpayers’, 31,916 under the heading of business taxpayers and 52,486 under the heading of property taxpayers.

The number of taxpayers has gone up under other tax headings as well. The metropolis’ revenue collection has also significantly increased with the increase in the number of taxpayers.

Kafle said that KMC has collected approximately Rs 5 billion in revenue in the first half of the current fiscal year.

KMC has been collecting revenue under 36 different headings, including property tax, house rent tax, business tax, advertisement tax, entertainment tax, land tax and VAT.