KATHMANDU, DECEMBER 2
The Federation of Nepalese Chamber of Commerce and Industry (FNCCI) has demanded the government to remove double taxation system citing that the taxes levied by the federal and provincial governments have dampened the spirits of the private sector.
According to FNCCI, double taxation system must be removed in order to encourage private sector, which has already been badly affected due to the COVID-19 pandemic.
The newly elected executive committee of the federation had called on Finance Minister Bishnu Prasad Paudel, where they put forth the issues of the private sector.
The FNCCI delegation also emphasised on the implementation of the programmes mentioned in the budget and monetary policy.
FNCCI President Shekhar Golchha said that the federation is in the process of preparing a vision paper and would finalise it in collaboration with the government.
The FNCCI is preparing a strategic paper on how to uplift the private sector of the country and the priority areas.
In response, Minister Paudel said that special emphasis will be laid on the effective implementation of the programmes announced through the budget and monetary policy while focusing on minimising the impact of COVID-19 pandemic.
Finance Minister Paudel sa