- Nepal’s House of Representatives passed the Finance Bill, 2026 by majority vote.
- Finance Minister Swarnim Wagle said the government will focus on strict budget implementation and address low capital expenditure from next fiscal year.
- He said the new taxes will not affect low-income citizens.
- Wagle also said economic reforms should start showing positive results next year.
- A high-level committee will review the multi-rate VAT system, with possible future changes based on its recommendations.
Source: english.nepalnews.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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