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 foreign currency exchange rate for Monday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 142 rupees 88 paisa and the selling rate is 143...
Question to the Minister of Finance: What source of income did you see and are you going to increase the salary of the employees?
Rusha Thapa
Kathmandu. More than five years have passed since cooperatives, microfinance, and finance collapsed. Now the crisis has started to appear in the bank as well. It has been the same time that the country has been in economic recess...
Yoyo Plywood Industry of Kohalpur closed, more than 600 workers unemployed
left Yoyo Plywood Industries Pvt Ltd located in Kohalpur Municipality-14 of Banke has been closed for the last three months and more than 600 workers working there have become jobless. The workers' jobs were taken away...
This week, NEPSE has decreased by normal numbers, how much is the transaction on which day?
Kathmandu. This week, NEPSE index decreased by 0.56 points and reached 2714.05 points. NEPSE, which closed at 2714.61 points last week, decreased by 73.18 points to 2714.05 points this week. The market was open for five trading days this week. In...
NEPSE increased by 5 percent, turnover of 15.78 billion
Kathmandu. Nepal Stock Exchange NEPSE increased by 5.01 points to 2936.56 points. Today, when 38 million 73 thousand shares of 342 companies were bought and sold, a turnover of 15.78 billion was made.
Greenery has come in 7 sub-indicators to...
Abolition of excise duty on 360 items, huge increase in alcohol, junk food and energy drinks
Kathmandu. The government has made extensive changes in various tax rates through the Economic Bill 2083. Presenting the budget for the next fiscal year 2083, 84, Finance Minister Swarnim Wagle informed that the excise duty levied on 360 different...