LONDON, July 21: Britain's new Prime Minister Andy Burnham announced Tuesday the removal of value added tax (VAT) on UK domestic electricity bills from October, his first measure to ease the cost o...
Revenue climbed to Rs60.74 billion in 2025-26 as buyers rushed to complete deals before higher capital gains tax rates and renewed land subdivision restrictions took effect. Nepal collected Rs60.7...
Inland Revenue Department issues directives to implement new fiscal measures, including electricity VAT, health and education levies, and revised tax rules from new fiscal year. Households consumi...
KATHMANDU, July 18: Thousands of property buyers and sellers rushed to finalize land deals before higher capital gains tax rates took effect, driving Nepal to its highest-ever single-day land trans...
The government aims to recover more than Rs100 billion from long-pending tax arrears to help meet its Rs1.405 trillion revenue target for the next fiscal year through a tax settlement scheme. With...
Kathmandu. Vehicle owners in Bagmati Province will no longer have to visit transport offices to renew their blue books if they pay their vehicle tax online. The provision has been introduced throug...
Lamjung. While the federal government is preparing to impose a five percent electricity tax on over 100 units from the upcoming fiscal year, Marsyangdi Rural Municipality in Lamjung, which shares a...
Washington DC. US President Donald Trump has threatened to take strict action against all European countries imposing 'Digital Services Tax' on major American technology companies. He has warned t...
WASHINGTON, June 27: US President Donald Trump on Friday threatened to slap a 100 percent tariff on European countries that impose a digital services tax, adding that existing trade deals would be ...
Lawmakers question repeated revisions to the bill through which tax rates and fiscal provisions were altered. Opposition demands parliamentary investigation. Lawmakers have demanded a parliamentar...
KATHMANDU, June 9: Members in the National Assembly (NA) have alleged that tax rates were altered in the budget speech for the upcoming fiscal year 2026/27, demanding an investigation into the matt...
Multiple changes to tax provisions and rates after budget presentation prompt criticism from former finance ministers, who question whether due procedure was followed and warn of possible policy un...
KATHMANDU, June 1: Prime Minister Balendra Shah, addressing Parliament for the first time on Sunday, announced that revenue generated from the newly imposed value added tax (VAT) on electricity con...
KATHMANDU, May 30: Chairman of Ujyalo Nepal Party Kulman Ghising urged the government to immediately revoke its decision to slap 5 percent value added tax (VAT) on the consumption of electricity by...
Other tax reforms include higher excise on sin goods, digital VAT incentives, and major relief measures for businesses and middle-class taxpayers. The government, through the budget for the upcomi...
KATHMANDU, May 29:The government has unveiled a revised income tax structure for the upcoming Fiscal Year (FY) 2026/27, introducing a progressive rate system based on annual earnings.
Government’s tax exemption for new cinema halls outside metropolitan and sub-metropolitan areas draws mixed response as stakeholders welcome expansion but note gaps in broader film infrastructure p...
KATHMANDU, May 29: The government has significantly revised its tax structure in the national budget for FY 2026/27, raising the income tax threshold and restructuring customs and excise duties.
KATHMANDU, May 27: The government is weighing revisions to the value added tax (VAT) regime in response to long-standing demands from the private sector for multiple VAT rates. Officials at the Min...
KATHMANDU, May 26: The Ministry of Finance is preparing to merge various existing fees and duties into a unified “green tax” through the upcoming fiscal year’s budget.
Madrid. A Spanish court has ordered the country's tax administration to return 55 million euros collected from famous singer Shakira. The National High Court ruled that the amount was collected inc...
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