Amrit Adhikari, the Inland Revenue Office’s public information officer and a tax officer, recently stated that the Inland Revenue Office has exceeded its revenue collection target by approximately Rs 1.95 billion in the first semester of the current fiscal year, according to the office.
According to Information Officer Adhikari, the office had generated Rs 7.76 billion in revenue during the period under review, compared to the target of Rs 5.81 billion within the time frame of mid-November 2021, he added. According to him, the revenue collection rate against the target is 133.52 percent as a result of this.
Excise duty revenue was the most profitable category for the office, with the highest amount collected. During the reporting period, Rs 7.48 billion in excise duty was collected, compared to a target of Rs 5.56 billion. This represents an increase from the previous year.