{"id":289018,"date":"2026-02-27T12:04:17","date_gmt":"2026-02-27T06:19:17","guid":{"rendered":"https:\/\/insurancekhabar.com\/?p=289018"},"modified":"2026-02-27T12:05:07","modified_gmt":"2026-02-27T06:20:07","slug":"revenue-advisory-committee-formed-to-give-suggestions-for-budget-formulation-for-the-coming-fiscal-year-2","status":"publish","type":"post","link":"https:\/\/english.insurancekhabar.com\/revenue-advisory-committee-formed-to-give-suggestions-for-budget-formulation-for-the-coming-fiscal-year-2\/","title":{"rendered":"Revenue Advisory Committee formed to give suggestions for budget formulation for the coming fiscal year"},"content":{"rendered":"<p>Kathmandu. The next fiscal year 2083. A Revenue Advisory Committee has been formed to provide feedback on the formulation of the budget for Fiscal Year 84. <\/p>\n<p>A 12-member committee has been formed under the coordination of Secretary (Revenue) at the Ministry of Finance following the decision of Finance Minister Rameshwor Prasad Khanal. The committee has been given different jurisdictions. <\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-289016\" src=\"https:\/\/media.insurancekhabar.com\/uploads\/2026\/02\/committee.png\" alt=\"\" width=\"730\" height=\"469\" \/><\/p>\n<p><span style=\"color: #0000ff\"><strong>Committee&#8217;s Jurisdiction<\/strong><\/span><\/p>\n<p>}<\/p>\n<ul>\n<p>To provide suggestions on policy and legal reforms related to income tax, Value Added Tax, Excise Duty, Education Service Tax, Digital Service Tax, tax levied on e-commerce and other internal taxes to be levied under the Finance Act, review of tax and non-tax rates, simplification of procedures, reform of tax system, overall revenue administration and organizational structure.TAG_OPEN_li_56 <\/li>\n<\/p>\n<li> To provide suggestions on policy and legal reforms, procedural simplification and tax and non-tax incentives to be made for industrial promotion and protection, commerce, import export and foreign trade, service trade, supply management and investment promotion. <\/li>\n<li> Customs rate review, analysis of the protection of domestic products through customs rates, improvement in evaluation system, simplification of process, trade facilitation, reforms to be made in customs acts and regulations, improvement in customs administration and organizational structure, border management, among others. <\/li>\n<p>TAG_OPEN_li_53 To provide suggestions on the control and investigation of revenue leakage, investigation of money laundering, foreign exchange regulation and legal and organizational reforms to be carried out for the control of economic crimes. <\/li>\n<\/p>\n<li> To provide suggestions on improvements in agriculture, agricultural production and commercialization, electricity and energy, tourism promotion and civil aviation, and conservation and management of natural resources. <\/li>\n<p>To provide suggestions on banks, financial institutions, insurance, remittance, capital market, cooperatives, economic policy and real estate transactions and measures to resolve them.TAG_OPEN_li_51 <\/li>\n<\/p>\n<li> To provide suggestions on the areas of non-tax revenue to be collected from various agencies of the Government of Nepal relating to identification, rate determination and review and the tax system of the federal, provincial and local levels, duplication in it, management of inter-governmental tax system, improvements in the system related to revenue allocation and measures to resolve the problems and problems in this sector. <\/li>\n<li> To provide suggestions by making a comparative analysis of the situation of international, regional and national economy on the basis of information and studies available from various sources. <\/li>\n<li> To expand the scope of taxation, make timely reforms in the revenue collection process, implement new tax and provide necessary suggestions after discussing with experts, industrialists and businessmen in the related field if any tax needs to be abolished. <\/li>\n<li> To mobilize and facilitate the sub-committees under the committee. <\/li>\n<li> To study and provide suggestions after studying various other reports submitted in various areas regarding revenue administration. <\/li>\n<\/ul>\n<p><span style=\"color: #0000ff\"><strong>Jurisdiction of Sub-Committees under Revenue Advisory Committee, 2082{<\/strong><\/span><\/p>\n<p>}<\/p>\n<ul>\n<li> Inland Revenue Sub-Committee: Issues related to policy and legal reforms related to income tax, value added tax, excise duty, education service tax, digital service tax, tax levied on e-commerce and other internal taxes to be levied under the Finance Act, review of tax rates, simplification of process, reform of tax system, overall revenue administration and organizational structure. <\/li>\n<li> Customs Sub-Committee: Customs rate review, analysis of domestic products if they need to be protected through customs rates, improvement in evaluation system, simplification of process, trade facilitation, reforms in customs laws and regulations, improvement in customs administration and organizational structure and border management. <\/li>\n<p>Revenue Leakage Control and Investigation Sub-Committee: Revenue Leakage Control and Investigation, Control of Export and Imports, Analysis of Trends in Revenue Leakage, Steps to be taken to control leakage, Foreign Exchange Regulation and Legal and Organizational reforms to be taken to control economic crimes.TAG_OPEN_li_43 <\/li>\n<\/p>\n<li> Investment and Export Promotion Sub-Committee: Industrial Promotion and Protection, Commerce, Import, Export and Foreign Trade, Policy and Legal Reforms for Service Trade, Supply Management and Investment Promotion, Simplification of Process and Tax and Non-Tax Incentives. <\/li>\n<li> Agriculture, Energy and Tourism Sector Sub-Committee: Issues to be improved in agriculture, agricultural production and commercialization, electricity and energy, tourism promotion and civil aviation, conservation and management of natural resources. <\/li>\n<li> Banks, Financial Institutions, Insurance, Co-operatives and Capital Market Sub-Committees: Issues related to banks, financial institutions, insurance, remittance, capital market, cooperatives, economic policy and real estate transactions and related to revenue mobilization. <\/li>\n<li> Non-Tax and Inter-Governmental Revenue Management Sub-Committee: Issues related to identification, rate determination and review of the areas of non-tax revenue collected from various agencies of the Government of Nepal and the duplication seen in the federal, provincial and local level tax system, management of inter-governmental tax system, improvements in the system related to revenue sharing and resolving the problems and problems in this sector. <\/li>\n<li> Macroeconomic Sub-Committee: Analysis of the scenario including macroeconomic indicators and the feasibility and projection of revenue mobilization, solutions to current economic problems or measures for improvement. <\/li>\n<li> Sub-Committee on Anti-Money Laundering and Investigation: Analysis and suggestions on the current status of anti-money laundering and investigation, the risk of money laundering and terrorist investments, the steps to be taken to prevent money laundering, revenue mobilization and money laundering, and the activities to be removed from the FATF&#8217;s grey list. <\/li>\n<\/ul>\n<p>The Revenue Advisory Committee will hold its first meeting and invite suggestions from the concerned bodies, representatives of the private sector, academic sector, stakeholders and the general public.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kathmandu. The next fiscal year 2083. A Revenue Advisory Committee has been formed to provide feedback on the formulation of the budget for Fiscal Year 84. A 12-member committee has been formed under the coordination of Secretary (Revenue) at the Ministry of Finance following the decision of Finance Minister Rameshwor Prasad Khanal. The committee has [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":228719,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45060,45159],"tags":[],"class_list":["post-289018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/289018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=289018"}],"version-history":[{"count":1,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/289018\/revisions"}],"predecessor-version":[{"id":289019,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/289018\/revisions\/289019"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/228719"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=289018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=289018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=289018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}