KATHMANDU: Paramount Motors has increased the price of the MG S6 electric SUV following the government’s recent tax revision on EVs. The MG S6 was launched in Nepal only last month at a starting price of Rs 6.999 million. The…

KATHMANDU: With the government imposing a 227 percent total tax on electric vehicles (EVs) priced above Rs. 5 million (CIF value), petrol and hybrid cars are now emerging as more attractive options for buyers in the premium segment. Petrol cars…

KATHMANDU: The government’s shift from a motor power-based tax system to a CIF value-based structure is expected to change pricing for several electric vehicles. With tax now linked to import value, there is growing interest in how upcoming models will…

KATHMANDU: The Bagmati Provincial Government has resumed the registration of public transport vehicles. This comes despite a directive from the Department of Transport Management to halt registrations nationwide. On May 21, the department had instructed all provinces and local bodies…

KATHMANDU: Nepal’s new value-based taxation system is creating fresh challenges for automobile importers. Companies say they are being forced to adjust declared vehicle values ​​to manage rising tax burdens. The shift to CIF-based taxation means taxes are calculated at the…