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Star hotels paying regular taxes after action intensified

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KATHMANDU — The star hotels operating in the capital city are being harnessed once again for payment of due tax.

The Kathmandu Metropolitan City (KMC) has started legal action against hotels for tax evasion forcing even the renowned hotels to clamour to submit details related to tax.

KMC Revenue Division Chief, Dhruba Kafle, said the Hotel Everest, Yak and Yeti and Hyatt Hotel have arrived at the municipality with details for submission of tax.

The Radisson hotel, Hotel Shanker, Shangri La, Malla hotel and Yak and Yeti are other hotels to arrive with details. The hotels are required to make payments on tax subjects including land property tax, rental tax, vehicle tax and commercial tax.

“Many hotels have submitted the tax, but still many are resorting to evasive manoeuvres following the decision to take action,” Kafle said.

The Soaltee Crowne Plaza has submitted taxes on all the topics while Annapurna Hotel is yet to submit the automobile tax. The tax range of the hotels in average amounts to Rs 1 to 1.2 million a year if they submit it on a regular basis.

The KMC under the Section 165 and 920 of the Local Self-Governance Act, 2055 will be required to freeze the movable and immovable assets, stop renewal of license, halt rubbish collection and seal the trade transactions among others.

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NPC urges government to seek clarification from Chinese firm

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KATHMANDU — The National Planning Commission (NPC) has urged the government to seek clarification from China Three Gorges International Corporation (CTGC) over the construction of the Paschim (West) Seti Hydro Power Project.

The meeting of the NPC that began on Sunday, made the decision of seeking clarification from the company with a time period of 90 days regarding the construction of 750 MW hydropower project.

The hydropower project, which is expected to be completed in an investment of 1.60 billion rupees, will have 65 percent investments from the CTGC, 25 percent from the National Electricity Authority (NEA) and the 10 percent investments from the locals as share, as per the plans made before.

CTGC can sell off its 14 percent of its total 65 percent share to the Nepali investors. But the CTGC has been showing dissatisfaction over the rate of purchasing the electricity per unit (PPA). Previously it had asked the NEA to review the rate but got a negative response.

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“We have suggested the government to interrogate the company whether it will be able to complete the project or not. What has been the problem to expedite the construction along with the terms and conditions which the company wants to put forward,” NPC Vice President Swarnim Wagle said.

The CGTC, which has been delaying the construction over its dissatisfaction over the PPA, has been threatening to walk out of the construction.

The project, which covers the area of Doti, Dadeldhura, Baitadi, and Bajhang districts of Far Western Development Region of Nepal, can produce 3.33 billion units of electricity on yearly basis, accoridng to the probability study of the project.

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