‘Revenue Board within a Month’

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‘Revenue Board within a Month’

January 22: The Ministry of Finance has said that the formation of the proposed Revenue Board will take place within a month.  The government has decided to form the board for proper management of revenue system of the country.

Revenue Secretary Sishir Kumar Dhungana made such announcement while speaking at the 68th Customs Day on Tuesday (January 21).

The board, once it gets formed, will recommend improvements in the revenue sector.

“The board will study, analyze and conduct research on policy-level, legal and structural reforms of the revenue sector of the country,” said Dhungana.

The government had proposed forming the board during the budget announcement of the current fiscal year 2019/20.

The government had initiated the process of forming the board some four months ago in line with the budget announcement. However, the process was stalled due to the differences between the Ministry of Finance and the Ministry of Law.

The law ministry has objected to the draft sent by the finance ministry for the formation of the board in accordance to the Development Committee Act.

The Ministry of Law is of the view that preparing the draft using this particular Act would make the Revenue Board temporary in nature. Therefore, the draft of the Revenue Board which was forwarded to the law ministry before Dashain was gathering dust.

But the two ministries agreed in principle to form the board some two months ago. All issues have been sorted out and the draft has been sent to the Council of Ministers for approval, said Dhungana.

The board will conduct research and analysis independently and give recommendations to the government.

Former Finance Minister Bharat Mohan Adhikari had proposed forming the board for the first time in 2052 BS. After that, other ministers including Baburam Bhattarai, Ram Sharan Mahat, Krishna Bahadur Mahara, Bishnu Poudel among others had announced to form the board but were not able to implement the plan.