Journal of Accounting and Taxation
Vol. 1 No. 1 (2021): Journal of Accounting & Taxation

Forecasting and Measuring The Impact on Non-Tax Revenue of Its Principal Determinants in Nepal

Arjun Kumar Dahal (TU, Mechi Multiple Campur, Bhadrapur, Jhapa, Nepal)



Article Info

Publish Date
11 Nov 2021

Abstract

This study aims to examine the impact on non-tax revenue of its principal determinants like charges, fines, fees, forfeiture, dividend, principal and interest payment, income received from sales, Royalty, and sales from fixed assets. It also explores the ex-post forecasting of non-tax revenue. It is based on the secondary data taken from various economic surveys of Nepal covering from 1980 to 2019. Descriptive and exploratory research designs are used to examine the impact and forecast the dependent variable. Some statistical and econometric tools like descriptive statistics, unit root testing, ordinary least square, serial correlation, heteroscedasticity test, and dynamic ex-post forecasting approaches. There is a positive impact on non-tax revenue of its principal determinants. The income received from principal and interest payment is found more consistent, whereas the non-tax revenue from sales government goods and services is found more inconsistent than other variables. The value of root means squared error is encountered very small (i.e., 0.7865). So, the gap between actual and forecasted nom-tax revenue is tiny. The results, design, and techniques of this study are not affected by the results and findings of other researchers

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Journal Info

Abbrev

jat

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Journal of Accounting and Taxation (JAT) is a peer-reviewed journal which publishes original research papers. JAT has been published since 2021. It is currently published in March, July and Nopember The journal publishes original full-length research papers in all areas related to hypothetical and ...