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    {"id":27969,"date":"2020-06-04T10:00:38","date_gmt":"2020-06-04T04:30:38","guid":{"rendered":"https:\/\/www.nepalisansar.com\/?p=27969"},"modified":"2020-07-28T11:45:28","modified_gmt":"2020-07-28T06:15:28","slug":"nepal-budget-fy-2020-21-income-tax-rates-provisions-and-concessions-for-nepali-taxpayers","status":"publish","type":"post","link":"https:\/\/www.nepalisansar.com\/government\/nepal-budget-fy-2020-21-income-tax-rates-provisions-and-concessions-for-nepali-taxpayers\/","title":{"rendered":"Nepal Income Tax Slab Rates for FY 2077-78 B.S. (2020-21)"},"content":{"rendered":"

    With more aspirations and strong will to tap the additional economic potential, the Nepal Government presented its new budget on May 28, 2020.<\/p>\n

    Finance Minister Yuba Raj Khatiwada presented the NPR 1.47 billion budget for FY 2077-78 (2020-21)<\/a>, with a slew of measures including sector-wise priorities and policy-level decisions.<\/p>\n

    Out of the total budget for the new fiscal, NPR 949 billion has been categorized as current expenditure, followed by NPR 353 billion as capital expenditure and NPR 173 billion as the financial provisioning.<\/p>\n

    \"Finance<\/p>\n

    With the due emphasis on safe and secure social welfare, the government continued to focus on infrastructure development across multiple areas.<\/p>\n

    \u201cEnhance the state\u2019s role in public welfare by fulfilling requirements that are considered fundamental rights and basic necessities of the citizen,” reads one of the budget priorities.<\/p><\/blockquote>\n

    Taxation is one critical area that is closely related to the public and the nation\u2019s economic development.<\/p>\n

    Under the new revenue policy for FY 2020-21, the government proposed to have a future-oriented, transparent and business-friendly taxation system.<\/p>\n

    \n

    Video: New Income Tax Slab Rates in Nepal 2020-21<\/h3>\n