Nepal govt rejects King Gyanendra`s plea for tax waiver

Last Updated: Wednesday, January 6, 2010 - 18:33

Kathmandu: Nepal government has rejected
former king Gyanendra Shah`s plea for tax waiver on his
personal and family property, including utility bills running
into a whopping USD 2.7 million.

A meeting of the cabinet committee on bills yesterday
decided to ask the former king to clear all outstanding dues
since being deposed after the Constituent Assembly election in
2008, `The Kathmandu Post` reported.
According to the decision, he will also have to pay
electricity, telephone and water bills.

"Now he is a common citizen and will have to pay all taxes
as other citizens," Minister for Law and Justice Prem Bahadur
Singh was quoted as saying.

The former king had written to the Finance Ministry in
August 2009 requesting tax waiver. He had also sought details
of unpaid taxes and bills after the country turned into a
republic on May 28, 2009.

The paper reported that the outstanding dues and tax
liabilities will cost the former monarch 200 million Nepali
rupees (USD 2.7 million).

Before the republic, the then palace had enjoyed a
complete tax holiday.

"The decision brings him and his family under the tax net.
He has to pay taxes and related liabilities after May, 8,
2008. The government will collect taxes and tariffs as he has
become a common citizen," said Singh.
PTI



First Published: Wednesday, January 6, 2010 - 18:33
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