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
Genji Movement: Payment of over five billion claims for physical and other damages
Kathmandu. Out of the insurance claims for physical and other damages during the Zenji movement, Rs. 5.18 billion has been paid to the insured so far. The Nepal Insurance Authority issued a press release today and said that out of a total of 3,303...
Dollar, Euro and Rial prices increased or decreased: see today's exchange rate
Kathmandu. Nepal Rastra Bank has announced the new exchange rate of foreign currency for Monday. According to the rates determined by the Central Bank, the buying rate of one US dollar is 151 rupees 71 paisa and the selling rate is 152 rupees 31 p...
What is the new exchange rate for foreign currencies, US dollars and pounds?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the new rate issued by the Central Bank, today the buying rate of one US dollar is 154 rupees 02 paisa and the selling rate is 154 rupees 62...
8 billion spent on the north-south road, black paper target up to Korla
Kathmandu. As part of the north-south trade route expansion project, Rs. The project has spent 82 percent of the budget while the proposed cost estimate of the project is Rs 10.57 billion till FY 2081-82.
The new interest rate of commercial banks for the month of Baisakh has been announced, who's how much?
Kathmandu. The new interest rates announced by the commercial banks for the month of April have indicated a slight decline in deposits. Compared to Chait, the average interest rate of both personal and institutional deposits has decreased in Baisa...
Prachanda-Madhav in Pokhara warned by businessmen not to hold street meetings
Pokhara. Businessmen of Pokhara have protested saying that holding meetings on the streets will affect their business. Nepali Communist Party (NCP) protested at Ekta Synagogue that the Nepali Communist Party (NCP) will...