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Kathmandu Metropolitan City Surpasses Revenue Collection Goals

November 1, 2023
1 min read
Kathmandu Metropolitan City

Kathmandu Metropolitan City (KMC) has achieved an impressive feat in revenue collection, amassing a total of Rs 1.17 billion in the past two months. This figure represents a substantial increase of approximately Rs 230 million compared to the corresponding period of the previous fiscal year when KMC had collected Rs 934.1 million.

One notable factor contributing to this remarkable surge in revenue collection is the proactive effort of KMC’s ward offices, which have undertaken the task of gathering long-pending revenue. Dhruba Kafle, the Chief of the Revenue Department at KMC, underscored the positive impact of this initiative.

Furthermore, the broadening of the taxpayer base has played a crucial role in bolstering revenue collection. With all 32 wards now providing tax collection services, the number of taxpayers has seen a significant uptick, particularly in property tax and house rent payments.

KMC’s revenue collection spans nine distinct categories, including property tax, house rent tax, entertainment tax, advertisement tax, and others. As a result of these combined efforts, KMC has set an ambitious target of collecting Rs 10.41 billion in revenue for the current fiscal year.

The municipality’s robust performance in revenue collection not only reflects effective governance but also points towards the potential for further growth and development in the Kathmandu Metropolitan City.

NewsDesk

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