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 for today?
Kathmandu. Nepal Rastra Bank has announced the exchange rate of foreign currency for today. According to the public information, the buying rate of one US dollar has been fixed at 152 rupees 81 paisa and the selling rate is 153 rupees 41 paisa.
Shikhar Power Development Limited releasing IPO for general public from February 17th
Kathmandu. Shikhar Power Development Limited is going to open the initial public issue IPO from February 17. The company has announced that it is going to issue a total of 18 lakh 42 thousand 600 ordinary shares to the general public. Out of the t...
New Government Still Relies on Foreign Loans Instead of Collecting Revenue
By Anusa Thapa
Bhaktapur, Nepal — The courts issue orders, but the government fails to implement them. This reality is clearly reflected in the government's inability to collect taxes and revenues despite repeated court directives.
Cou...
The government's decision to give tax exemptions to China
Kathmandu. The government has decided to provide tax exemptions for the purchase and export of necessary materials for the expansion of the second section of the ring road. With this decision, the way has been opened to proceed with the process of...
Trial of Tamghas-Burtibang 132 KV transmission line started
Kathmandu. The testing of the 132 kV double circuit transmission line constructed by the Nepal Electricity Authority from Gulmi headquarters Tamghas to Burtibang has been started from today. The line built under Burtibang-Paudiamrai-Tamghas-Sandhi...
The value of the US dollar at a high point
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the buying rate of one US dollar is 143 rupees 74 paisa and the selling rate is 144 rupees 34 paisa. Similarly...



