With the new financial year, the burden of taxes was added: From today, these seven sectors will become more expensive for consumers
Kathmandu. The government is going to implement new taxes and additional charges on various goods and services from the beginning of the new financial year i.e. from 1st July. With the aim of strengthening internal revenue collection and raising financial resources, the tax scope has been expanded in seven main areas such as education, health, electricity, gold and silver, ride sharing, casino and deluxe hotel-resort.
The direct impact of this new tax policy has been seen from the general public to various businesses, so that it is certain that even the basic services of daily consumption will become more expensive in the market. It has been analyzed that the monthly budget of the middle class families of the country will be greatly affected due to the added tax on sensitive and essential services, especially education, health and electricity.
According to the new arrangement, private educational institutions will now have to pay an additional 3 percent tax on the monthly fees they collect from students.
Express
Related News
Mandatory 45 percent discount for students on public transport
Kathmandu. The government of Nepal has again given strict instructions to implement the 45 percent fare discount for students on public transport. The Department of Transport Management under the Ministry of Physical Infrastructure and Transport h...
Orange festival in Muglin from today
muggle The second Ichchakamana Suntala Mahotsav and 'Food Festival' is starting from today. An orange festival is going to be held in Muglin Bazaar under the joint project of Chitwan Industry Association Ichchakamana Committee and Hoteliers Associ...
The government has recovered Rs 7,514 crore, more than Rs 5 billion has been deposited in the relief fund.
The Kathmandu. Prime Minister Balen Shah has unveiled the integrated progress report of the government's rescue, relief and rehabilitation work following the devastating flood in the Bhotekoshi River in Rasuwa. In a statement issued in the wake of...
Sharp Decline in Gold Prices: Down by 3,800 in a Single Day, Silver Also Becomes Cheaper
Kathmandu — The prices of both gold and silver fell sharply in the Nepali market today. According to the Nepal Gold and Silver Dealers’ Federation, the price of gold dropped by Rs 3,800 per tola today. With this decline, the price of hallmark gold...
Gold prices continue to set new records, silver is also at an all-time high
Kathmandu. The price of gold and silver in the Nepali market is constantly increasing. Today the price of gold has increased by 1 thousand 800 rupees. According to the Federation of Nepal Gold and Silver Dealers, the...
12 lakh 82 thousand shares of Himalayan Bank for sale
Kathmandu. More than 12 lakh 82 thousand shares of Himalayan Bank have been put up for sale. 12 lakh 82 thousand 588 shares of the founder group of the bank have been put up for sale. At present, only the existing founder shareholders of the bank...



