The government is preparing to repeal five old acts and one regulation while transferring the ongoing cases of Revenue Investigation Department to other departments.
The Nepal government has started a process to scrap five acts and one regulation. With this new move, they are also planning to transfer the ongoing complaints and records from Department of Revenue Investigation (DRI) to other related offices.
Finance Minister Dr. Swarnim Wagle presented this proposal in House of Representatives through a new bill. This bill is called ‘Bill to Amend and Repeal Some Nepal Laws Related to Finance’. The rules for scrapping these laws are written in Section 5 of bill.
Laws Selected for Scrapping
According to this proposal, the government will repeal the Provincial Development Plans Implementation Act 2013, Nepalese Currency Circulation Increase Act 2014, and Income Stamp Duty Act 2019. It will also scrap Revenue Leakage (Investigation and Control) Act 2052 and Financial Mediation Institutions Act 2055. Along with these five acts, the Revenue Leakage (Investigation and Control) Regulation 2079 will also be cancelled.
New Shift in Investigation Responsibilities
Once this new law comes into action, all the cases that are currently registered and being investigated by Revenue Investigation Department will move to other departments. Even the cases where investigation is complete but court files are not submitted yet will be transferred to relevant offices.
Issues related to income tax, excise duty, value added tax (VAT), and non-tax will go to Inland Revenue Department. Similarly, cases about smuggling or illegal import and export will move to Customs Department.
For foreign exchange crimes, the cases will be sent to the investigating officer chosen under Section 11A of Foreign Exchange Regulation Act 2019. All old records of the department will also be managed and transferred to these related departments as per the decision of Finance Ministry.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
