Internal Income of KMC Increases 22%

November 15: The internal income of Kathmandu Metropolitan (KMC) has increased by 22 percent. The income increased after the metropolitan office levied taxes in all its services. According to Dhurba Kafle, Revenue Department Head of KMC, the income of a month, mid Sept/mid Oct, of the current FY has increased by 22 percent compare to the same period of the last FY.

According to Kafle, the income stood at Rs 176.9 million during mid Sept/mid Oct of the last FY while it has totaled Rs 216.5 million in the review period of the current FY.

“The added responsibility of charging home and land tax along with design approval tax has contributed in the increased internal income of KMC,” Kafle said. Previously, these taxes were charged by Department of Building Construction Permit.   As per him, KMC was assigned the responsibility of charging the taxes from the current FY.

Similarly, the KMC has also started to collect home and land due tax and waiver as well as land tax which also helped to boost its income. Increase in design approval charges is yet another reason for its growing income. According to KMC, it has provided 75 and 25 percent tax waiver to the houses which were totally and partially damaged by last year’s earthquake.