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

Opening of Nagadhunga tunnel tomorrow, only emergency vehicles will be allowed to ply

Kathmandu. Nepal's first modern transport tunnel 'Nagadhunga-Sisnekhola Tunnel' will be formally inaugurated from Monday.

The total cost of this project, which was completed with the concessional loan of Japan International Cooperation Agenc...

Bank interest became cheaper in July, 6 banks cut, which one has how much?

Kathmandu. All 20 commercial banks have announced the new deposit interest rates applicable for the month of July. Looking at the public rates, it is seen that the average interest rate of deposits has further decreased in July compared to J...

Action will be taken according to the law if the service is not entered within the bus park within 3 days

Kathmandu. Kathmandu Metropolitan City has given the last 3 days to provide integrated passenger vehicle operation service from the new bus park. Last month, on 25th of Chait, a public notice was published and a request was made to operate long an...

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...

Egg price increased: Rs. 25 per egg for consumers, farmers still at a loss

Chitwan. As the production of eggs decreases with the summer season, the price has increased. Nepal Layers Poultry Association has increased the support price of eggs. According to the association, a farm rate of Rs 515 per crate of 930 eggs for l...

With the beginning of Tihar, the buying and selling of flowers increased, Nepal is becoming self-sufficient in flower business

Kathmandu. With the beginning of Tihar, the second biggest festival of Nepalese, the buying and selling of flowers has increased rapidly. In Tihar, which is a festival of flowers and colors, there is a lot of use of flowers from worship to various...