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…

KATHMANDU: The government has allocated more than Rs 120 billion for the upgrade and expansion of major highways across the country in the upcoming fiscal year 2026/27 (2083/84). Presenting the annual budget in the joint meeting of the Federal Parliament…