Extensive changes in the tax system by the government through the budget: Abolition of some taxes and fees
-
Media Baaji
- Sun, 31 May 2026
Kathmandu. With the aim of providing relief to citizens and businessmen through the budget of the next financial year, the Government of Nepal has canceled some of the taxes and fees imposed in the past and has significantly reduced some of them. These new arrangements have been introduced in the tax system to make the tax scope practical and encourage domestic production and digital economy.
Petroleum tax adjusted to green tax, gold luxury duty removed
According to the new system, infrastructure development tax of Rs 10 per liter and road maintenance and improvement tax of Rs 4 per liter have been completely abolished. However, the tax levied under both these headings in the past has now been adjusted to 'Green Tax' and the rate has been slightly increased.
Similarly, the government has completely removed the 2% luxury tax imposed on the sale of gold and gold jewelery to provide relief to consumers. Now, instead of that, only 0.5 percent will be charged as 'Skill Promotion Fee'.
Express
Related News
Tortoise speed of budget implementation in Karnali Province: Development expenditure under 20% in 8 months
Surkhet. Even though the Karnali state government has passed the two quarter period of the current financial year, it has not been able to show encouraging results in the implementation of the budget. After the end of 8 months of February of the f...
What is the exchange rate of which foreign currency on Thursday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 144 rupees 47 paisa and the selling rate is 145 rupees 38 paisa. Similarly,...
Salt Trading Corporation to distribute 10 percent dividend
Kathmandu. Salt Trading Corporation is going to distribute 10 percent dividend. The company has announced that it will distribute the dividend to its shareholders from the profit of the last financial year. In which the company is going to distrib...
This is the exchange rate of foreign currency on Sunday
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for Sunday. According to which, the buying rate of one American dollar is fixed at 153 rupees 25 paise and the selling rate is 153 rupees 85 paise. Similarly, the bu...
What is the price per share in the women's microfinance share auction?
Kathmandu. Mahila Laguvitta Financial Sanstha Limited has placed 84 thousand 537 shares of founder shares for auction sale. The company has auctioned 74 thousand 246 shares in the name of founder shareholder Niru Kuthumi Rai and 10 thousand 291 sh...
Solu Hydropower IPO to issue from today
Kathmandu. Solu Hydropower Limited has issued an initial public issue IPO for the local residents of the project-affected areas and Nepali workers who are employed abroad from today on November 7th. The company was all...