Nepal MOF Posts 2025-2026 Budget Speech

The Nepalese Ministry of Finance May 29 posted the 2025-2026 budget speech. The budget speech includes measures to: 1) simplify the tax system to enhance transparency and tax compliance; 2) provide income tax exemptions for the tourism industry and other industrial sectors; 3) provide a five-year income tax exemption for startup businesses with annual turnover of 100 million Nepalese rupees (US$729,161); 4) specify a 75 percent income tax exemption on income received from the provision of information and communication services; 5) impose a 5 percent income tax rate on individual residents who provide information and communication services in the country; ...