Aiming to collect 13 trillion 15 billion through revenue in the coming financial year, the government has revised the tax rates of various goods and services. The government has changed the tax rates through the 'Bill (Financial Bill) 2082 to implement the proposals of the government of Nepal' which was submitted in the Federal Parliament on Thursday.

The customs rate and the personal income tax limit on electric vehicles, which are seen as interesting, have been kept unchanged . It is necessary to attract foreign capital and technology by making the tax system compatible with international standards and practices to make the revenue system investment-friendly and production-oriented and to manage resources for increasing public expenditure. Bishnuprasad Paudel said. 

"I have arranged for income tax and electricity tariff exemptions for information technology-based industries and hotels and resorts as a special industry," Paudel said, "I have arranged for a 75 percent discount on the tax on income received from information technology service exports."

"For the establishment of the electric vehicle charging machine manufacturing and assembling industry, I have made an arrangement to charge 1 percent customs duty on the import of equipment and not to charge other tax duties and to give income tax exemption to such industries for 5 years," Finance Minister Poudel said.

"For the purpose of deducting the cost of public and private vehicles that are more than 20 years old or cannot be operated, it has been arranged to give the remaining income tax exemption after paying the income tax of the last 2 years," he said. 

The government has banned the import of electronic cigarettes/vapes. However, in the next fiscal year's budget, the government has imposed a health risk tax of Rs 30 on every vape. Dried grapes (raisins) are charged 7.25% per kg for SAARC countries and 15% for import from other countries, which has been reduced to 6% per kg for SAARC countries and 10% for other countries. 

While beet sugar is charged at 6 percent for SAARC countries and 20 percent for other countries, the customs duty for SAARC countries has been kept unchanged. 15 percent customs duty has been imposed for other countries. 

Sugar-good, Bheli, Khandsari sugar, other sugar cane sugar and Misri, which used to charge 30 percent per kg, have been reduced to 15 percent. The duty on 'Fruitpulses' has been increased from 10% to 15%. The customs duty on soup, broth and related items was increased from 20% to 30%. 100 rupees per kg of tobacco-free aromatic betel nut has been revised to 40 percent. 

The government has been imposing customs duties of fixed rupees per kg on imports of energy drinks, beer made from barley, etc.

According to this, the customs duty of energy drinks has been reduced to 40 percent of the price, which has been charged at 100 rupees per liter. The duty on soft drinks and aerated milk drinks has also been fixed at 40 per cent per litre. Import of beer made from barley was levied a duty of 200 per liter, which has been revised to 80 percent. The customs duty on fresh grape wine and fortified fortified and sparkling wine, which is currently preserved at Rs 300 per litre, has been revised to 80 per cent. The customs duty on chyang (country beer), champagne, sherry, mead, perry and cider has been increased from 40 percent to 80 percent per liter. 

Undenatured ethyl alcohol containing 80 percent alcohol or more, denatured ethyl alcohol containing any alcohol and other spirits have been revised from Rs 60 per liter to 30 percent. The customs rate being charged on the raw material of brandy has been revised from 1500 per liter to 80 percent. 

The customs duty of cosmetics and cigarettes has been increased from Rs 9,000 to Rs 11,000 per thousand. Preparation bindi, cigarettes of different length with filters and ornaments were charged at 4 thousand 500 khilli per thousand, which has been increased to 5 thousand 500 khilli per thousand. The customs duty has been increased from 30 percent to 60 percent of processed tobacco for cigarettes and cigarettes. 

Sanghar, racks, beams and boards made by mixing wood dust, cement and various binding chemicals have been reduced to 15 percent when imported from countries other than SAARC. Cement concrete or artificial stone products have been reduced from 7.25 to 6 percent for SAARC countries and from 15 percent to 10 percent for non-SAARC countries. 

To encourage digital payments, value added tax on clearing services and advance income tax levied at customs points on food grains, pulses, fruits and other vegetable, animal and milk products have been abolished. The value added tax on hearing aids required for the hearing impaired has been cancelled.