Explorer Nepal which operates Kantipur Hotel, Bhojan Griha, and Gaida Wild Life Camp inside Chitwan National Park, is also the General Sales Agent for Austrian Air.
Officials at IRO Area No.1 said the company had been evading taxes by not disclosing transaction details. Of the total amount, the office has asked Explorer Nepal to pay Rs 10.3 million under VAT heading and remaining Rs 7.5 under income tax, including associated penalties. [break]
“Our investigation found that transaction details submitted by the company to our office and turnover of the company through Dollar Account don´t match each other,” said Shisir Kumar Dhungana, Chief Administrator of IRO Area No.1.
As per the existing provision, entrepreneurs are required to deposit VAT within 25 days after the end of each month. In a bid to make entrepreneurs more responsible and pay taxes on time, the government has given them an opportunity to announce income and expenditure detail themselves.
The government officials can carry out investigation on the submitted details of their transactions, if they are not satisfied with the details.
“We carried out the investigation into the transactions of the company on suspicion of evading huge amount in revenue and found that it was also involved in evading VAT that is collected from the customers,” said Dhungana. In the past also, Explorer Nepal had evaded tax by transferring its income to its sister organizations -- Victoria Cross, Victoria Rivers and Inner Nepal.
Similarly, IRO Area No. 1 has also reckoned that Beijing Duck Restaurant in New Baneshwor evaded VAT worth Rs 300,000. Source at the IRO said the restaurant which is promoted by Chandiraj Dhakal, immediate past president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has been found to have evaded tax by submitting false transaction details to the government.
IRO has seized computer and related document from the restaurant.
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