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The government has made it easier for banks and financial institutions to take loans from abroad. Finance Minister Barshman Pun has said that the income tax levied on interest payments on loans taken from foreign banks and financial institutions has been reduced. He mentioned that such an arrangement was made to attract foreign capital.
Finance Minister Pune has reduced the tariff on the import of finished goods by at least 1 percent compared to the tariff on raw materials imported by the industry in terms of discount concessions, trade facilitation and investment promotion. He said that the import duty and excise duty on the raw materials of the processing and spreading industries have been reduced. .
He said that he has reformed the system of requiring the recommendations of various agencies to get concessions on the import of raw materials for the industry and made the industrialists themselves responsible. He said that in order to attract foreign capital, he reduced the income tax incurred by paying interest on loans taken from foreign banks and financial institutions.
The goals of the revenue policy of the double tax agreement to increase investment from potential investment countries are to improve the revenue policy, expand economic activities in the country, promote investment, prioritize indigenous products and enterprises, and encourage the expansion of revenue scope.
