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
Janakpur-Jayanagar train service will be closed for 3 days for election
Kathmandu. Nepal Railway Company Limited has announced that the train service operating on the Janakpur-Jayanagar section will be completely closed for three days, aiming at the upcoming election of members of the House of Representatives. Accordi...
Shangrila Development Bank declares 10 percent dividend
Kathmandu. The meeting of the board of directors of Sangrila Development Bank Limited held on the afternoon of 28th October has announced the dividend to the shareholders.
The meeting has announced that 5% bonus s...
50% of rice planting has been completed across the country: most in Far West, less in Koshi and Madhesh!
Kathmandu. About 50 percent of paddy planting has been completed across the country so far. According to the Department of Agriculture, this year, while the target is to plant rice in an area of 13 lakh 70 thousand hectares, so far planting in a...
The value of the American dollar, pound and dinar increased, the Australian dollar and the euro decreased!
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currencies for today. Today, the exchange rate of foreign currencies including the US dollar, pound, Kuwaiti dinar and Bahraini dinar increased. However, the value of some cu...
The price of gold and silver rose sharply, exceeding 268,000 per tola
Kathmandu. The price of gold and silver rose sharply in the Nepalese market on Tuesday. According to the Nepal Gold, Silver, Gems and Jewelery Federation, the price of gold per tola has increased by Rs 3,100 to Rs 2,68,100. Earlier on Monday, gold...
High annual growth rates in eggs and corn
Kathmandu. It has been seen that there has been an increase in the index of agricultural production. According to the quarterly agricultural producer price index published by the National Statistics Office, the overall agricultural production pric...



