Kathmandu, February 15
The government has proposed to legalise properties amassed from unidentified sources through taxation.
On Wednesday, a bill to amend some laws related to the prevention of money laundering and the promotion of business environment was presented at the House of Representatives.
Minister for Law, Justice and Parliamentary Affairs, Dhruba Bahadur Pradhan said the bill would open the doors to legalise property amassed from unidentified sources by paying tax.
Pradhan said the proposed amendment had recommended a certain tax rate be applied on assets amassed through undisclosed income and legalise them.
However, he clarified that there would be no provision to legalise property acquired through crime or money laundering.
