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
The price of eggs increased from today
Kathmandu. Due to decrease in egg production and increase in demand, the price has been increased. Layers Poultry Farmers Association has fixed the new price based on the farm price to be implemented from May 1. According to the new rate, the farm...
6.20 billion turnover, a normal point growth in NEPSE
Kathmandu. On the third trading day of the week, NEPSE index increased by 1.52 points to 2641.43. During the day, 125 million 4970 shares of 320 companies were bought and sold, and 6 billion 209.4 million shares were traded.
Today, while the...
In the construction of the building, bribes and employees including the engineer in the trap of the authority
Biratnagar. The Commission for Investigation of Abuse of Authority has arrested three persons in connection with bribery related to building construction in Dhankuta and Bhojpur districts. According to the authority, engineer Suman Rai, accounting...
16 billion more spent on insurance agent commission, Nepal National Life in the lead, IME ahead in growth rate
Kathmandu. Life insurance companies have increased insurance agent commission expenses by 10 percent compared to the previous year. In the last financial year, life insurance companies have spent more than 16 billion on agent commission. According...
The economic growth rate of the current fiscal year is expected to be limited to three and a half percent
Kathmandu. The government has predicted that the country's economic growth will be limited to 3.5 percent. This projection has been made in the half-yearly review of the current financial year's budget. The annual growth rate of the current year's...
High increase in gold prices, how much per tola on Wednesday?
Kathmandu. The price of gold has increased in Nepali market today. Gold rose by Rs 7,200 per tola today. According to the Nepal Gold and Silver Traders Federation, gold is being bought and sold at 299,000 rupees per tola today. On the other hand,...