Kathmandu. Banks and financial institutions also have to pay tax to Kathmandu Metropolitan City. Mayor Balendra Shah (Balen) while presenting the economic bill for the next fiscal year 2080/81 on Sunday said that now the banks and financial institutions within the metropolis will also have to pay taxes to the metropolis.According to the provisions made in the economic bill, now the banks and financial institutions within the metropolis have to pay a tax of 2 thousand to 1 lakh rupees to the metropolis.

Along with this, the central office of the commercial bank within the metropolis will have to pay 1 lakh, the commercial bank (branch) 50,000, and the extended counter will have to pay 20,000 tax to the metropolitan corporation. Likewise, development bank central office will have to pay 75,000 tax, development bank branch office will have to pay 40,000 tax, extended counter 15,000 tax, finance company central office will have to pay 50,000 tax, branch office will have to pay 25,000 tax.

Similarly, according to the new provisions in the bill, the central office of the cooperative bank will pay 25,000, the branch office will pay 15,000, the central office of microfinance will pay 20,000, the branch will pay 3,000, the cooperative organization based on women, production, consumer and labor will pay 2,000, and the branch and liaison office of the cooperative will pay 3,000. Tax has to be paid.

On the other hand, the center of money exchange company pays 15,000, money exchange branch 5,000, remit company 4,000 per unit, insurance company central office 50,000, branch 20,000 per branch, investment company doing financial transactions (share transactions or other financial transactions) 10,000, shares It has been arranged that the registering office (securities company) has to pay 25,000 tax and the ATM book of banks and financial institutions has to pay 5,000 tax.