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
Federation President Dhakal's request to take action against those who vandalized and looted during the Genji movement
Kathmandu. Chandra Prasad Dhakal, President of Federation of Nepal Chamber of Commerce and Industry, has said that the Federation is working hard to solve the problems of entrepreneurs, businessmen and the economy. Add...
Electricity lines of 6 industries that did not pay premium tariff were cut
Kathmandu. The Nepal Electricity Authority has started cutting the lines of industries that have not paid premium tariffs. Kulman Ghising, who was removed as the Executive Director of Electricity Authority for trying t...
Janakpur-Jayanagar train service will be closed for 3 days for election
Kathmandu. Nepal Railway Company Limited has announced that the train service operating on the Janakpur-Jayanagar section will be completely closed for three days, aiming at the upcoming election of members of the House of Representatives. Accordi...
During the quarter of the current year, 25 local levels are still without budget
Kathmandu. Although four months of the current financial year have been completed, 24 local levels of Madhesh Province have not been able to present their budgets. So far, a total of 728 local levels have presented bud...
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...
The price of gold decreased, now how much per tola?
Kathmandu. The price of gold has decreased in Nepali market today. Gold tola has fallen by 200 rupees. According to the Nepal Gold and Silver Traders Federation, today gold is being bought and sold at 3 lakh 1 thousand 500 rupees per tola. Today,...