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
What is the foreign currency exchange rate?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for Saturday. According to which, the buying rate of one US dollar has remained at 151 rupees 71 paisa and the selling rate has been maintained at 152 rupees 31 pais...
Apollo Hydropower opens first phase IPO sale from tomorrow
Kathmandu. Apollo Hydropower Limited is going to issue IPO from tomorrow, February 11th. The company is going to issue an IPO in the first phase tomorrow for the local residents of the project-affected areas and Nepalis working abroad.
The N...
When the price of gold fell, silver rose!
Kathmandu. The price of gold has decreased in the Nepali market on Wednesday, June 13. The price of gold has decreased by one thousand rupees per tola, according to the Nepal Gold and Silver Traders Federation. On this day, the price of gold in Ch...
3 billion 55 crores damage to agriculture and livestock sector across the country due to rain
Kathmandu. The Ministry of Agriculture and Livestock Development has said that due to the heavy rains that occurred last October, there was a loss of 3.55 billion in the fields of agriculture and animal husbandry acros...
17.53 points decline in NEPSE, turnover above 14.56 billion
Kathmandu. On the fifth trading day of the week, NEPSE index decreased by 17.53 points and remained at 2714.05. During the day, 354 million 77 thousand 939 shares of 320 companies were bought and sold, with a turnover of 14.56 billion 31 million s...
Import of 31 billion through Rasuwagadhi crossing, export of dry grass from Nepal
Kathmandu. In the nine months of the current financial year, goods worth Rs. 31 billion 30 million have entered through Rasuwagadhi, an important point of trade between Nepal and China. Among the materials imported through the border are roll clot...



