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
Yambaling Hydropower will issue an IPO to the general public from May 16
Kathmandu. Yambaling Hydropower Company Limited is going to issue an IPO to the general public from the 16th of Baisakh. In the first phase, after distributing the IPO to project-affected and foreign employed Nepalis, the second phase is to issue...
Naima's interest in EV motor capacity dispute, urges government to make clear standards
Kathmandu. Nepal Automobile Importers and Manufacturers Association Naima has said that it has drawn attention to the recent comments, discussions and explanations regarding the motor capacity of electric vehicles 9EV0.
Naima issued a statem...
Nepalis abroad sent 553 billion in three months, an increase of 35.4 percent in remittances
Kathmandu. In the first three months of the current financial year, there has been an increase of 35.4 percent in remittance inflow in July and October. According to the details released by Nepal Rastra Bank, remittanc...
NEPSE closed down with a normal score, turnover of 4.68 billion
Kathmandu. On the fifth or last trading day of the week, the NEPSE index decreased by 0.93 points and remained at 2560.15. During the day, 1449,496 shares of 328 companies were bought and sold, resulting in a turnover...
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 determined exchange rate, the buying rate of one US dollar is 146 rupees 49 paisa and the selling rate is 147 rupees 09 paisa. Similarly,...
What is the foreign currency exchange rate on Friday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 141 rupees 62 paisa and the selling rate is 142...


