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
With a double-digit decline in the NEPSE, all sub-sectors declined except for hotels and tourism
Kathmandu. On Tuesday, the second trading day of the week, the stock market also fell. The NEPSE index, which closed down on Monday, continued the same trend on this day as well and dropped by 17.91 points to 2807.31 points. Along with the NEPSE i...
NEPSE decreased by 13 points, turnover exceeded 5 billion!
Kathmandu. On the fourth trading day of the week, the NEPSE index fell by 13.35 points to 2635.94 points. Today, when 1.6 million shares of 323 companies were bought and sold, the total turnover reached 5.17 billion rupees.
In trading, the s...
Here are the foreign currency exchange rates for today
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the National Bank, the buying rate of one US dollar is 151 rupees 62 paisa and the selling rate is 152 rupees 22 paisa. Similarly, the buying...
What is the exchange rate of which foreign currency on Sunday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for Sunday. According to the fixed rate, the buying rate of one US dollar is 144 rupees 02 paisa and the selling rate is 144 rupees 62 paisa.
Similarly, the bu...
An arch bridge is being built at a cost of 1 billion 21 crores
Damauli. The work of a four-lane bridge under construction at Damauli Bazar under the Muglin-Pokhara road section is going on in full swing. Muglin Pokhara Road Plan Eastern Section has reported that 77 percent progress has been made on the bridge...
First Quarterly Review of Monetary Policy: Increase in Overdraft and Microfinance Credit Limits
Kathmandu. Nepal Rastra Bank has increased the limit of overdraft and microfinance loans to increase the flow of credit in the banking system. Releasing the first quarter review of the monetary policy of the current fi...