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
Meeting between the governors of Nepal and China
Kathmandu. Prada Vishwanath Poudel, Governor of Nepal Rastra Bank, who is on a visit to China, and Fan Kongsong, Governor of People's Bank of China PBOC, had a meeting today.
They met at the 20th Asia Pacific High Level Meeting on Banking Su...
35 industries paid 238.7 million dedicated and trunk line tariff arrears
Kathmandu. 25 new industries which consumed electricity from dedicated and trunk line structures during load shedding in the past have paid the first installment of premium tariff arrears. Earlier, 10 industries which...
The price of gold and silver rose sharply, exceeding 268,000 per tola
Kathmandu. The price of gold and silver rose sharply in the Nepalese market on Tuesday. According to the Nepal Gold, Silver, Gems and Jewelery Federation, the price of gold per tola has increased by Rs 3,100 to Rs 2,68,100. Earlier on Monday, gold...
Hotel View Bhrikuti has announced a special offer for the English New Year
Lalitpur. Hotel View Bhrikuti has announced a special festive offer for guests on the occasion of Christmas and English New Year 2026. The hotel management said that the offer will be applicable from December 24, 2025 to January 1, 2026.
Exchange rate: The price of dollar, euro and pound has increased, which currency is being bought and sold in how much?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for Sunday. According to the fixed exchange rate, the buying rate of one US dollar is 151 rupees 56 paisa and the selling rate is 152 rupees 16 paisa.
Similarl...
Bagmati public transport fare hiked: Minimum fare Rs 24
Kathmandu. The Bagmati state government has adjusted the fares of public vehicles running on petrol and diesel. The new rate has been determined through the decision of the Minister of Labour, Employment and Transport on Friday. The new fare has b...