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
Three billion is being invested in the construction of international transmission lines
Kathmandu. Nepal Electricity Authority is going to invest a total of 3 billion in the joint company to be established for the construction of two international transmission lines.
According to the Ministry of Ener...
Launch of 'Province Savings Account' by NMB Bank for all provinces
Kathmandu. NMB Bank Limited has launched a 'Province Savings Account' scheme for all the seven provinces of Nepal. Keeping in mind the local identity and financial needs of customers in different parts of the country, the bank has introduced this...
Driving license will be available within 24 hours from July
Kathmandu. The government has prepared to implement the provision of driver's license within 24 hours of passing the trial from July. According to the Ministry of Physical Infrastructure and Transport, as there are currently about 300,000 licenses...
The price of gold is making a new record day by day, how much per tola on Wednesday?
Kathmandu. Today, the price of gold in the Nepali market has become the highest ever. Today, the price of gold has increased by 1,500 rupees per tola and has become the highest in history. According to the Nepal Gold and Silver Traders Federation,...
This is the exchange rate of foreign currency on Saturday
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for 9 Saturday 0 today. According to which, the buying rate of one American dollar has been fixed at 151 rupees 88 paisa and the selling rate is 152 rupees 48 paisa....
This is the exchange rate of foreign currency on Tuesday
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 153 rupees 78 paisa and the selling rate is 154 rupees 38 paisa.
The b...