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
Nabil Bank won the Trishuli hydropower case in the Chinese court
Kathmandu. Nabil Bank Limited has succeeded in the case related to the counter guarantee of the Trishuli Hydropower Company Limited project in the Chinese court. Nabil Bank said that after the Chongqing Higher People's Court of China ruled in favo...
The US dollar and euro rose, as did other currencies
Kathmandu. Nepal Rastra Bank has announced the official exchange rate of foreign currency for Thursday. According to the new rate set by the National Bank, today the buying rate of one US dollar is 151 rupees 46 paisa and the selling rate is 152 r...
Today, NEPSE increased by 30.75 points, turnover above 9 billion 20 million
Kathmandu. On the first trading day of the week, the stock market NEPSE index increased by 30.75 points and reached the point of 2631.14. On NEPSE, 297 million 38 thousand 139 shares of 300 companies were bought and so...
Signing of two contracts worth USD 2.37 million under MCC for road maintenance
Kathmandu. MCA-Nepal has signed two important contracts worth about 2.37 million US dollars for the implementation of road maintenance work under the Millennium Challenge Corporation MCC Compact. On Monday in Kathmandu, MCA-Nepal signed an agreeme...
Impact of US-Iran ceasefire: Heavy fall in crude oil prices in the international market
new york With the announcement of a two-week long ceasefire between the US and Iran, the price of crude oil has fallen sharply in the international market. Due to the ongoing war for the past five weeks, the price of crude oil fell by around 15 pe...
Today, NEPSE increased by a normal number, the turnover fell to 3 billion 22 million
Kathmandu. On the fourth trading day of the week, NEPSE index increased by 1.37 points to 2585.87. During the day, 72 lakh 24 thousand 917 shares of 334 companies were bought and sold, and 3 billion 224 million shares were traded. Today, while the...