Government slashes income tax rates in FY 2026/27 budget to relieve taxpayers and boost investment
▸ Part of: President Paudel Emphasizes Need for Practical Reflection of Political Change
The government has introduced significant changes to income tax rates in the newly announced budget for fiscal year 2026/27, with Finance Minister Dr. Swarnim Wagle set to unveil a restructured tax slab system. The maximum individual tax rate is reduced from 39% to 33%, and the threshold for the minimum tax bracket is raised. Corporate tax rates are also being selectively reduced to encourage investment and stimulate economic growth.
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