Tax and VAT Highlights from Nepal Budget 2082 – Key Highlights & Insights

🇳🇵 Nepal Budget 2081/82: Highlights at a Glance

The government has announced a NPR 1.96 trillion budget for FY 2081/82 (2024/25), targeting economic growth, tax reform, and digital transformation.

📊 Key Allocations:

• Recurrent Expenditure: NPR 1,180B

• Capital Expenditure: NPR 407.89B

• Debt Servicing: NPR 375.24B

• Transfers to Local Levels: NPR 417.83B

💰 Revenue Sources:

• Internal Revenue: NPR 1,310B

• Foreign Loans & Grants: NPR 287.11B

• Domestic Borrowing: NPR 362B

🔍 What’s New:

• 75% income tax exemption on IT exports

• Full tax holiday for startups under NPR 10 crore

• No VAT on digital payments

• VAT & penalty waivers for late filings

• Neo Bank coming in FY 2082/83

• Women-led businesses get full registration/renewal fee waivers

🛠 Strategic Moves:

• Sovereign Wealth Fund for remittance investment

• Tax amnesty & digital reforms to boost compliance

• Major incentives for tourism, IT, and special industries

📌 The budget sets the stage for fiscal reform, digital governance, and inclusive growth.

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