KATHMANDU: The Ministry of Finance has clarified the tax structure for electric vehicles (EVs) following confusion over the provisions introduced through the Financial Act 2026(2083). The government has replaced the previous excise duty on EVs with a new levy called…

KATHMANDU: Ride-sharing services are now set to become more expensive. The government, through the Economic Bill 2026, has imposed a total of 6 percent tax on ride-sharing services under two different headings. The government has levied a 5 percent Value…

KATHMANDU: The government has removed excise duty on electric vehicles. The change comes through the Economic Act 2026, introduced to implement the budget for FY 2026/27. Finance Minister Dr. Swarnim Wagle announced a new tax structure. EV taxes will no…

KATHMANDU: The government has doubled the third-party insurance coverage requirement for vehicle owners to Rs 1 million. Announcing the budget for fiscal year 2026/27 during the joint meeting of the Federal Parliament on Friday, Finance Minister Dr. Swarnim Wagle said…

KATHMANDU: The government has announced major policy changes for Nepal’s automobile sector through the budget for Fiscal Year 2026/27 (2083/84). The new budget focuses on electric mobility, tax reform and transport infrastructure development. EV tax now based on vehicle value…