Aarthik News English

बैशाख २०७९

The budget provided tax exemptions in which areas

Kathmandu, May 30. The government has announced to give 90 percent discount in the customs duty on the import of sanitary pads through the budget of the Fiscal Year 2079/80 BS. Similarly, only 1 percent customs duty has been levied on the import of raw materials required for the industry producing sanitary pads in the […] The post The budget provided tax exemptions in which areas appeared first on Aarthiknews:: A leading business & economic news portal from Nepal.

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सम्बन्धित सामग्री

Finance Minister Pun hints at change in tax rates in new budget

KATHMANDU, MARCH 18: Finance Minister Barshaman Pun has said a thorough analysis will be done on the needs and relevance of tax rates in the budget of the upcoming fiscal year. During a meeting with the journalists at the Ministry of Finance yesterday, Minister Pun said the reasons would be clearly mentioned if the tax […] The post Finance Minister Pun hints at change in tax rates in new budget appeared first on Aarthiknews:: A leading business & economic news portal from Nepal.

Aarthik News English फाल्गुन २०८०

Luxury tax comes into effect

KATHMANDU, July 17: The government's decision to implement a two percent luxury charge on services provided by high-end hotels and resorts, as well as on imported liquors and precious metals, has been put into effect from today. The government made this announcement through

Ratopati English आषाढ २०८०

MHMPA urges govt to review tax deduction on the sanitary pads

KATHMANDU, June 19: Menstrual Health/Hygiene Partners’ Alliance (MHMPA) has urged the government to review the decision to decrease the import tax to 1.5% on finished sanitary pads. The government in its annual budget for the fiscal year 2022/23, it has announced to decrease the import tax to 1.5% on finished sanitary pads, whereas the domestic produced pads are still poised to 8.2% import tax in aggregate for raw materials and packing materials. This differential tax provision will surely discourage the domestic manufacturing industries. Also, the quality and standards have not been mentioned for the finished pad products in the reduced tax provisions. On one hand, the low-quality sanitary pads which are likely to be imported will impact the health of women and on the other hand, the commercial pads with plastic coats would severely create environmental hazards for centuries, reads the press statement of MHMPA. Meanwhile, the organization also expresses gratitude toward the government’s decision to introduce free pads distribution to the girls of public schools and for the ongoing revision of school curriculum to include comprehensive contents of menstruation in school textbooks. Sanitary pad is a basic necessity for a woman to manage her menstruation. Its availability at affordable cost and quality is one of the most important aspects of dignified menstruation. With the above backdrop, the organization urges the government to take the following actions with immediate effect for the larger health benefit of women and for the protection of the environment. -Encourage domestic production of pads by reducing the import tax on the raw materials and packaging materials as equal to the finished products -Encourage to produce internally and/or import from overseas only the biodegradable pads and reusable pads meeting national standards set by the Central Bureau of Standards (CBS) by imposing zero import tax for both finished products as well as raw materials and packaging materials - Bring a national programme for free biodegradables pads or reusable pads to all the women and girls in the communities and schools

Ratopati English जेष्ठ २०७९

Nepal budget 2022/23: These 8 goods will turn costlier after mid-July

The government in its new budget plan for the fiscal year 2022/23 has announced major changes in tax rates imposed on various goods. The post Nepal budget 2022/23: These 8 goods will turn costlier after mid-July appeared first on OnlineKhabar English News.

Onlinekhabar English बैशाख २०७९

Nepal revises income tax slabs for individuals for FY 2022/23. Here are the details

Onlinekhabar English बैशाख २०७९

Income tax ceiling wider

Kathmandu, May 30. To the relief to mid-income people, the government has widened the income tax ceiling. Finance Minister Janardan Sharma informed with the new budget that an individual is to pay one percent tax for up to half million income in a year while same tax rate is applicable to the married couple but […] The post Income tax ceiling wider appeared first on Aarthiknews:: A leading business & economic news portal from Nepal.

Aarthik News English बैशाख २०७९

Businesses want govt to reduce tax rates in the next budget plan, but the minister tells them not to nag

Onlinekhabar English चैत्र २०७८

Amended budget provides huge tax exemption to Hydropower companies

The Himalayan Times श्रावण २०७८

New budget promises: Nepal’s startups ‘neither believe in nor expect help from govt’

Onlinekhabar English बैशाख २०७८

New Nepal budget sparks electric comeback

idely criticised for its hefty tax on battery-powered vehicles in last year’s budget, Prime Minister Oli’s government under a new finance minister has backtracked to scrap the controversial tax hikes on e-vehicle imports. Last year, Finance Minister Yubaraj Khatiwada slapped excise duties on e-vehicles of 30-80% depending on their capacity, and levied customs duty of […]

Nepali Times बैशाख २०७८