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 country on Tuesday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the determined exchange rate, the buying rate of one US dollar is 144 rupees 75 paisa and the selling rate is 145 rupees 35 paisa.
Simi...
This is the exchange rate of foreign currency on Sunday
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for Sunday. According to which, the buying rate of one American dollar is fixed at 153 rupees 25 paise and the selling rate is 153 rupees 85 paise. Similarly, the bu...
ADB forecasts that economic growth will be limited to 2.7 percent
Kathmandu. The Asian Development Bank ADB has released a forecast that Nepal's economic growth rate will be limited to 2.7 percent in 2026. According to the 'Asian Development Outlook April 2026' published by ADB, this rate was 4.6 percent in the...
Exchange rate, dollar and euro value stable
Kathmandu. Nepal Rastra Bank has announced the official exchange rate of foreign currency for Saturday. According to the updated information published by the Central Bank, the buying rate of one US dollar has been fixed at 151 rupees 62 paisa and...
The price of gold decreased by 18 thousand 800 per tola, how much is the transaction going on today?
Kathmandu. The price of gold has decreased in the Nepali market on Sunday. According to the Federation of Nepal Gold and Silver Traders, today the price of gold has decreased by 18 thousand 800 rupees per tola. Along with this, on Sunday, the pric...
Testing of Kohalpur-Surkhet 132 KV Power Transmission Line
Surkhet. The much awaited Kohalpur Surkhet 132 KV power transmission line has been tested. After the construction of the project was completed, the line was tested on Friday. With the completion of the construction of 132 KV transmission line, it...