Tax regulation gets a shake-up

A raft of changes to the country’s registration system are intended to improve accountability

In an effort to centralise tax registrations and improve taxpayer accountability, the Ministry of Economy and Finance (MoEF) this month passed a raft of changes to the country’s tax registration regulations. Prakas 1139, issued by the MoEF on October 9, states that all legal entities including NGOs and business associations must register with the General Department of Taxation (GDT) within 15 working days of commencing economic
activity.