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Nepal’s New Budget Turns VAT Receipts into a “Millionaire” Lottery Scheme

Finance Minister Dr. Swarnim Wagle addressed a press meet following the unveiling of Nepal’s Rs 2124.34 billion budget for the fiscal year 2083/84 BS. To encourage tax compliance, combat tax evasion, and boost revenue, the government is launching a scheme where every VAT bill automatically acts as a lottery ticket, potentially making everyday consumers and Nepali migrant workers millionaires.

Source: risingnepaldaily.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.



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