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
NEPSE down 10.25 points, turnover above 11 billion 65 crores
Kathmandu. On the first trading day of the week, the NEPSE index decreased by 10.25 points and remained at the point of 2697.07. During the day, 262,36,204 shares of 330 companies were bought and sold, totaling 11.65 billion 97 million shares. Tod...
What is the exchange rate of which foreign currency on Monday?
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 150 rupees 50 paisa and the selling rate is 151 rupees 10 paisa. Similarly, the...
The government reduced the limit of cash transactions, transactions above 5 lakhs should be done through banking
Kathmandu. The government has reduced the limit of cash transactions. The cabinet meeting held on Monday has set a limit that the purchase and sale of services, goods or other transactions of 5 lakhs or more at a time...
What is the exchange rate of which foreign currency on Monday?
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 148 rupees 39 paisa and the selling rate is 148 rupees 99 paisa. Similarly, the...
Public transport fares increased
Kathmandu. Public transport fares have increased. After the ministerial decision of Physical Infrastructure and Transport Minister Sunil Lamsal, the Transport Management Department has increased the fare. After the recent increase in the price of...
What is the foreign currency exchange rate for Thursday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, for today, the buying rate of one US dollar has remained at 141 rupees 56 paise and the selling ra...