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
What is the exchange rate of which foreign currency on Wednesday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the buying rate of one US dollar is 149 rupees 11 paisa and the selling rate is 149 rupees 71 paisa. Similarly, the...
Increasing Nepalese access to financial services: significant improvement in the index
Kathmandu. There has been an encouraging improvement in access, use and quality of financial services in Nepal. According to the financial inclusion index released by Nepal Rastra Bank on Sunday, the overall index has increased from zero.47 to zer...
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...
Preparation to ensure electricity supply from India from Kartik
Kathmandu. The Nepal Electricity Authority has said that it has completed preparations to ensure electricity supply from India from next Kartik. According to the authority, many projects are of run-of-the-river type an...
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...
Mandatory IT audit system implemented in Nepal Stock Exchange for brokers
Kathmandu. Nepal Stock Exchange NEPSE has issued 'IT Audit Guidelines-2026' to make the digital infrastructure of the capital market safe and reliable and has implemented a mandatory information technology IT audit system for broker companies.
...