Chief Secretary Aryal blocks tax exemption for Dolma Fund

KATHMANDU, Nov 6: The proposal for income tax exemption sought by Nepal’s only international private equity fund—Dolma Impact Fund — for six companies reached the Cabinet but was not recorded in the official minutes. Chief Secretary Eaknarayan Aryal withheld the proposal from being included in the Cabinet record after the Internal Revenue Office (IRO) refused to grant the exemption to a foreign-invested company.