Kathmandu: The Government of Nepal has moved to eliminate the burden of double and triple taxation on the movement of goods across the country.
Under the new fiscal policy, local authorities are no longer permitted to collect overlapping levies, such as scrap or export taxes, when goods are transported from one jurisdiction to another. This decision is aimed at ending the controversial practice where businesses were forced to pay similar taxes at multiple local checkpoints, thereby streamlining domestic trade and reducing overall logistics costs for entrepreneurs.
Finance Minister Dr Swarnim Waglé unveiled these trade-friendly reforms while presenting the federal budget for the fiscal year 2083/84 during a joint session of the Federal Parliament. In addition to these structural changes, the Minister also officially announced a salary increase for government employees. This hike is intended to boost morale within the civil service and help public sector workers cope with the rising cost of living.
Furthermore, the government has introduced a new measure to enhance financial transparency and modernize tax collection at the sub-national level. It is now mandatory for taxpayers to disclose their Permanent Account Number (PAN) when settling any taxes or fees with provincial and local governments. This requirement is designed to synchronize financial records across all levels of the state and ensure that all local transactions are properly integrated into the national tax system.
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