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
Increasing Nepalese access to financial services: significant improvement in the index
Kathmandu. There has been an encouraging improvement in access, use and quality of financial services in Nepal. According to the financial inclusion index released by Nepal Rastra Bank on Sunday, the overall index has increased from zero.47 to zer...
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...
Stock markets rose by double digits, greener on Bikas Bank and Hydropower indices
Kathmandu. On the third day of the week, i.e. Tuesday, the stock market has increased by double digits. Today, the NEPSE index increased by 13.51 points to 2812.34 points. In the stock market today, 348,520,000 shares of 340 companies of various s...
Election expenses should be paid through a separate bank account
Kathmandu. Candidates have to transact through a separate bank account to keep the details of the expenses of the by-election correct. Nepal Rastra Bank has instructed banks and financial institutions to make arrangements for opening bank accounts...
The price of the US dollar has crossed Rs. 152, and the euro and pound have also become more expensive
Kathmandu. Nepal Rastra Bank has determined the official foreign exchange rates for Wednesday. According to the new rates set by the central bank, the buying rate for one US dollar today has been fixed at Rs. 152.16 and the selling rate at Rs. 152...
Re-operation after five months at Satighat of Arun river
Bhojpur. The Arun river ferry service at Satighat, which connects Bhojpur and Sankhuwasabha from the north, has resumed operation after six months. The ferry, which has been closed since last May due to rain, has been brought back into operation f...



