Full Audit Controversy Resurfaces Amidst Economic Slowdown

Kathmandu. Amidst an economic slowdown and a declining investment climate, the old dispute between tax administration and businesses has resurfaced. The center of the dispute is full audit, or complete tax examination.

Finance Minister Rameshwor Khanal of the interim government formed after the Janji movement had stopped the full tax audit, citing business complaints and aiming to remove irregularities in tax administration. His decision was to adopt a risk-based tax audit method.