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
2nd Economic Enumeration, five days training for enumerators across the country from today
Kathmandu. A five-day training program for the enumerators selected for the second national economic census, 2082, to be conducted by the National Statistics Office, is starting simultaneously across the country from today. Enumerators are going t...
The price of gold and silver increased today, how much did it reach per tola?
Kathmandu. The price of gold and silver in the local market has been continuously increasing for the last few days. Even today, the prices of both the metals have increased. According to the Nepal Gold and Silver Traders Association, the price of...
Nepal Telecom Billing Corruption Case: Everyone including Managing Director Paudel was acquitted
Kathmandu. The special court has acquitted all the defendants in the corruption case filed alleging irregularities in the billing system contract process of Nepal Telecom. The bench of judges of the special court held a hearing and acquitted all t...
Across the country, 55 percent of farming families are food insecure
Kathmandu. It has been found that the number of farmer families in Nepal is about 41 lakh 30 thousand and the number of farmer families who do not have enough to eat throughout the year is about 55 percent. Although th...
The price of gold and silver increased, how much per tola on Friday?
Kathmandu. The price of gold has increased in Nepali market today. Gold tola has increased by 2 thousand 700 rupees. According to the Nepal Gold and Silver Business Federation, gold is being bought and sold at 287,400 rupees per tola today.
...
Public debt reached 58 trillion
Kathmandu. The share of public debt in GDP has reached 47.13 percent. As the government took 28 trillion 78 billion rupees in public debt till the end of February of the current financial year, its ratio to GDP has increased. According to the Publ...