Casinos forget to renew‚ attract fine
KATHMANDU:
The casinos now needs to pay fine to renew their licences.
According to the new rule, they have to renew their licence annually within the two months of the completion of the fiscal year. “The casinos have not yet renewed their licences within the first two months of the current fiscal year,” according to the Department of Revenue Investigation.
They should now have to pay 15 per cent fine to renew their licence, director general at the department Shanta Bahadur Shreshtha said, adding that they now get another chance to renew their licence — within three months — paying 15 per cent fine. “After the three months from now, the department will do its best to get the renewal fee in any way possible.”
According to the Finance Bill, the management of the casinos or its owners should renew the license by the end of the fiscal year, if the owners are willing to operate the casinos for the next fiscal year.
Casinos have to pay Rs 20 million at the begining of the fiscal year to renew their licences. Four casinos have outstanding royalty dues including royalty dues and interest – Rs 326.18 million – until mid-May, the department said.
After Nepal Recreation Centre failed to clear royalty dues of different four casinos operated by it, the department, Ministries of Tourism and Finance came into action.
Following its reluctance to pay royalty dues, the Public Accounts Committee (PAC) under Legislature Parliament had in December directed the government to scrap the licences of casinos failing to clear their dues.
The Ministry of Tourism and Civil Aviation in June had officially declared that it scrapped the licence of Nepal Recreation Centre — the oldest casino operator of Nepal – since it failed to clear its revenue dues.
Currently, there are 10 casinos in Nepal. Of total, two casinos are in Pokhara and rest are in the capital.
Remaining royalty dues
• Casino Nepal Rs 139.23 million
• Casino Anna Rs 101.23 million
• Casino Fulbari Rs 61.96 million
• Casino Royal Rs 23.75 million
(Source: Department of Revenue Investigation)
The casinos now needs to pay fine to renew their licences.
According to the new rule, they have to renew their licence annually within the two months of the completion of the fiscal year. “The casinos have not yet renewed their licences within the first two months of the current fiscal year,” according to the Department of Revenue Investigation.
They should now have to pay 15 per cent fine to renew their licence, director general at the department Shanta Bahadur Shreshtha said, adding that they now get another chance to renew their licence — within three months — paying 15 per cent fine. “After the three months from now, the department will do its best to get the renewal fee in any way possible.”
According to the Finance Bill, the management of the casinos or its owners should renew the license by the end of the fiscal year, if the owners are willing to operate the casinos for the next fiscal year.
Casinos have to pay Rs 20 million at the begining of the fiscal year to renew their licences. Four casinos have outstanding royalty dues including royalty dues and interest – Rs 326.18 million – until mid-May, the department said.
After Nepal Recreation Centre failed to clear royalty dues of different four casinos operated by it, the department, Ministries of Tourism and Finance came into action.
Following its reluctance to pay royalty dues, the Public Accounts Committee (PAC) under Legislature Parliament had in December directed the government to scrap the licences of casinos failing to clear their dues.
The Ministry of Tourism and Civil Aviation in June had officially declared that it scrapped the licence of Nepal Recreation Centre — the oldest casino operator of Nepal – since it failed to clear its revenue dues.
Currently, there are 10 casinos in Nepal. Of total, two casinos are in Pokhara and rest are in the capital.
Remaining royalty dues
• Casino Nepal Rs 139.23 million
• Casino Anna Rs 101.23 million
• Casino Fulbari Rs 61.96 million
• Casino Royal Rs 23.75 million
(Source: Department of Revenue Investigation)
