Experts urge VAT cut, higher tax relief to revive Nepal’s economy
▸ Part of: Economists Urge Tax Reforms, VAT Restructuring, and Fiscal Overhaul in Nepal
Experts participating in budget discussions have urged the government to reduce the Value Added Tax (VAT) rate, increase the personal income tax exemption threshold, and implement structural reforms in tax and debt management to stimulate Nepal's economy. They highlighted declining market demand, rising living costs, and a weakening business environment as reasons for these necessary reforms. Suggestions include lowering VAT, significantly increasing the income tax exemption to at least Rs 1 million to Rs 1.2 million, and addressing imbalances in fiscal federalism.
Read full article (3 min read) ›
