Government to scrap multiple fuel and vehicle taxes in major overhaul of tax system

english.clickmandu.com · 1 day ago

The government is preparing a significant overhaul of Nepal's tax structure by abolishing several overlapping taxes on fuel and vehicles, to be unveiled with the budget for fiscal year 2026/27. Finance Minister Swarnim Wagle plans to consolidate multiple taxes into a single 'green tax' system to simplify administration and reduce burdens on taxpayers. This reform aims to streamline the collection of revenues from various environmental and infrastructure-related charges.