Government granted Rs 85 billion in tax exemptions in single fiscal year, Auditor General says
▸ Part of: Nepal's Audit Irregularities Surge to Rs 755 Billion, Report Reveals
The Nepal government granted over Rs 85 billion in tax and customs exemptions in fiscal year 2024/25, an increase from the previous year, according to the Auditor General's 63rd annual report. The report questions the transparency and record-keeping of these exemptions, particularly for inland revenue concessions, and notes that exemptions on public construction projects have primarily benefited contractors. The Auditor General warned of significant revenue loss if the process for granting exemptions is not made more transparent and systematic.
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