KATHMANDU, May 29: The government has significantly revised its tax structure in the national budget for FY 2026/27, raising the income tax threshold and restructuring customs and excise duties.
Related story
Controversial amendment to Income Tax Act: Manipulation to lega...
Finance Minister Dr Swarnim Wagle announced that the minimum taxable income has been increased from Rs 500,000 to Rs 1 million per year. Individuals earning up to Rs 1 million annually will now pay only 1 percent income tax under the revised system.
