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Caan staff bonuses as payment window expires

Caan staff bonuses as payment window expires

KATHMANDU: The aviation regulator had allocated bonuses from the profits earned in the fiscal years 2011-12 to 2015-16 which had to be distributed within eight months from the close of the fiscal year.

Caan will have to write back the funds set aside for bonus distribution as income, the 55th annual report of the Office of the Auditor General said. However, Caan can submit a proposal to the Labour Office explaining the reasons for not being able to issue the bonuses on time, and get a three-month extension of the payment window if it finds that the causes are genuine.

Caan may also be allowed to distribute two years’ bonuses at a time in the next fiscal year.

Meanwhile, questions have also been raised whether Caan should be allowed to distribute bonuses from the money that has been collected from travellers as tax to develop infrastructure.

Caan currently collects taxes in two separate baskets. The government has authorized Caan to raise Rs1,000 (excluding value added tax) as airport development tax from each passenger which comes to Rs1.80 billion annually.