Nepal’s Fiscal Budget 2082/83 introduces major amendments in the Customs Act 2064, Custom Rules 2081, VAT Act 2052, and through the Finance Bill 2082. These changes aim to simplify compliance, encourage digital services, promote industries, and broaden the tax base.
Highlights include:
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2% Digital Services Tax on non-resident providers.
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Expanded VAT scope for online and cloud services.
- Extended re-import timelines and stricter Customs duty recovery.
- Tax holidays for IT, startups, green hydrogen, and EV industries.
- Luxury and health risk taxes on select goods/services.
- Waivers on penalties and interest for taxpayers filing by Poush 2082.
