Government approves new tax rates effective from midnight
▸ Part of: Nepal's Cabinet Approves FY 2026/27 Budget; Finance Minister Wagle Presents in Parliament
Nepal's Cabinet has approved revised tax rates, effective from midnight Friday, following the endorsement of the national budget for fiscal year 2026/27. The decision, made during a Cabinet meeting chaired by Prime Minister Balen Shah, allows for immediate enforcement of some revised rates under the Temporary Tax Collection Act of 1955. Finance Minister Swarnim Wagle will present the budget to the federal parliament later today. These notified orders, valid for up to six months, typically enforce changes in customs duties and excise taxes announced in the budget.
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