The bill will come into effect from this July.
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The Economic Bill, 2083 has been passed by the House of Representatives. The proposal made by Finance Minister Swarnim Wagle to pass the bill in the House of Representatives meeting on Sunday was passed by a majority, announced Speaker Dol Prasad Aryal. The bill will come into effect from this Shrawan.
Earlier, the MPs had drawn the government's attention to the effective implementation of the budget, the low level of capital expenditure and the proposed tax rates.
Participating in the discussion on the 'Economic Bill, 2083' in the House of Representatives meeting on Sunday, MPs from various political parties suggested accelerating development work and making the tax system fair.
