chhatramani/nepal_legal_acts_corpus_english huggingface dataset:
Deposit and Credit Guarantee Fund Act, 2017

Chapter-9

Miscellaneous

53. The Fund and Nepal Rastra Bank to act in coordination: Both the Fund and Nepal Rastra Bank shall perform the following acts to achieve public policy objectives and ensure public confidence in the financial sector by cooperating and coordinating with each other:

(a) Make necessary agreements for the exchange of data and information,
(b) Cooperate in the process of granting licenses to banks and financial institutions and issuing deposit guarantee certificates,
(c) Provide information to the Fund when Nepal Rastra Bank subjects any bank or financial institution to prompt corrective action or declares it problematic,
(d) Provide notice to the Fund when Nepal Rastra Bank initiates conservatorship, potential acquirer, or financial liquidation system proceedings against any bank or financial institution,
(e) Inform each other as soon as possible if a situation posing a potential threat to financial stability is observed,
(f) Inform the Fund if Nepal Rastra Bank prohibits any bank or financial institution from collecting deposits, cancels its license, or takes over management control. 54. Delegation of authority: (1) The Committee may delegate some of its powers to the Chairperson, a Member, a sub-committee formed pursuant to Section 13, or the Chief Executive Officer.

(2) The Chief Executive Officer may delegate some of the powers conferred upon him/her to the officer-level employees of the Fund. 55. Provision regarding exchange of assistance: The Ministry and the Fund shall, by making agreement regarding liquidity management with each other, exchange assistance for necessary information, data, and expert services in relation to deposit guarantee. 56. Power to give directives: (1) The Government of Nepal may give necessary directives to the Fund regarding deposit and credit guarantee.

(2) It shall be the duty of the Fund to comply with the directives given pursuant to Sub-section (1). 57. Confidentiality to be maintained: (1) Without prior approval of the Fund, the Chairperson, Member, Chief Executive Officer, or any employee or person under contract shall not perform the following acts:

(a) Leaking or publishing data and information related to their work, and
(b) Using or causing to be used such data and information for personal benefit.

(2) Notwithstanding anything contained in Sub-section (1), providing details requested by an authority authorized for investigation purposes under prevailing law shall not be deemed a breach of confidentiality. 58. Acts not to be invalidated: No act or proceeding of the Fund or the Committee shall be invalidated merely by reason of any irregularity in the appointment of the Chairperson, Member, or Chief Executive Officer, or formation of the Committee, or any vacancy in the office of the Chairperson or Member. 59.
Deposit and Credit Guarantee Fund Act, 2017

59. Protection of acts done in good faith: (1) The Chairperson, Member, Chief Executive Officer, or any employee of the Fund shall not be held personally or collectively liable for any act done in good faith pursuant to this Act or the rules or regulations made under this Act. Provided, however, that such person shall be personally responsible for any act done knowingly or with wrongful intent.

(2) If any lawsuit is filed against the Chairperson, Member, Chief Executive Officer, or any employee of the Fund regarding any loss or damage caused or likely to be caused by anything done or attempted to be done in good faith for complying with this Act or the rules or regulations made under this Act, the Fund shall bear the cost of such lawsuit. Provided, however, that the Fund shall not bear the cost of a lawsuit filed in relation to any act done knowingly or with wrongful intent. 60. Report to be submitted: The Fund shall submit its annual report to the Ministry within six months of the end of each fiscal year, and a copy thereof shall also be given to Nepal Rastra Bank. 61. Contact with Government of Nepal: The Fund shall maintain contact with the Government of Nepal through the Ministry. 62. Automatic conversion into Fund: The Deposit and Credit Guarantee Corporation (Pvt.) Ltd. established under the Companies Act, 2063 shall be deemed to have automatically converted into the Fund upon the commencement of this Act. 63. Power to wind up the Fund: (1) If the Fund is unable to pay claims for deposits or credits guaranteed under this Act, the Government of Nepal may wind up the Fund.

(2) If the Fund is wound up pursuant to Sub-section (1), the Government of Nepal shall be responsible for the assets and liabilities of the Fund. 64. To be governed by this Act: Notwithstanding anything contained in the prevailing Nepali law, matters mentioned in this Act shall be governed by this Act. 65. Power to make rules: (1) The Government of Nepal may make rules on the following matters necessary for the implementation of this Act:

(a) Service, terms, remuneration, and other facilities of the Chief Executive Officer,
(b) Regarding deposit guarantee,
(c) Regarding credit guarantee,
(d) Regarding special contribution, and
(e) Regarding guarantee of other sectors designated by the Government of Nepal. 66.
Deposit and Credit Guarantee Fund Act, 2017

66. Power to make regulations: (1) To regulate its working procedures, the Fund may make and enforce necessary regulations that are not inconsistent with this Act and the rules made under this Act.

(2) Without prejudice to the generality of the power conferred by Sub-section (1), the Fund may make regulations on the following matters:

(a) Regarding compensation procedure, claim payment, and reimbursement procedure,
(b) Regarding investment policy,
(c) Regarding the annual security fee to be paid by secured member institutions,
(d) Regarding membership certificate and verification of authenticity methods and procedures,
(e) Regarding service conditions of employees of the Fund,
(f) Regarding finance, administration, and audit of the Fund,
(g) Regarding procurement procedures for services and goods,
(h) Regarding agent banks and financial liquidators,
(i) Regarding employee regulations, manpower employment matters, and terms of employment contracts,
(j) Regarding meeting procedures of the Committee,
(k) Regarding organizational structure and performance of the Fund,
(l) Regarding delegation of authority for efficiency and responsibility, and
(m) Regarding other matters necessary for the functioning of the Fund.

(3) While making regulations on matters that may have financial liability or long-term impact on the Fund, approval of the Ministry shall be obtained. 67. Power to issue directives and procedures: The Fund may, for the implementation of this Act and to make its working procedures transparent, simple, and clear, subject to this Act or the rules or regulations made under this Act, issue and enforce necessary directives and procedures from time to time. 68. Saving: (1) All acts done by the Deposit and Credit Guarantee Corporation (Pvt.) Ltd. established under the Companies Act, 2063 prior to the commencement of this Act shall be deemed to have been done under this Act.

(2) The movable and immovable property including assets, liabilities, and employees working in the Deposit and Credit Guarantee Corporation (Pvt.) Ltd. as referred to in Sub-section (1) shall be deemed to have been automatically transferred to the Fund.

(3) The Managing Director working in the Deposit and Credit Guarantee Corporation (Pvt.) Ltd. as referred to in Sub-section (1) at the time of the commencement of this Act shall continue to hold office as the Chief Executive Officer of the Fund for the remainder of his/her term.
Financial Act, 2025

Finance Act, 2082

Certification and Publication Date
2082.03.30

Act No. 04 of the year 2082

An Act Made to Implement the Economic Proposal of the Government of Nepal

Preamble: Whereas, it is expedient to collect revenue, reduce, increase, or exempt taxes, and amend the prevailing laws relating to revenue administration to implement the economic proposal of the Government of Nepal for the fiscal year 2082/83,

The Federal Parliament has enacted this Act. 1. Short Title and Commencement: (1) This Act may be called the "Finance Act, 2082".

(2) Sections 1, 2, 3, 4, 6, 7, 8, 9, 10, 11, 12, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 34, 35, 36, and 38 of this Act shall come into force immediately, and the other sections shall come into force from the 1st day of Shrawan of the year 2082. 2. Value Added Tax: Value Added Tax shall be levied and collected in accordance with the Value Added Tax Act, 2052. 3. Excise Duty: Excise duty shall be levied and collected in accordance with the Excise Duty Act, 2058 on goods or substances produced or manufactured in factories within Nepal, imported goods or substances, or services. 4. Customs Duty: Customs duty shall be levied and collected in accordance with the Customs Act, 2061 on goods exported from Nepal and imported into Nepal. 5. Foreign Employment Service Fee: (1) A person licensed to operate a foreign employment business pursuant to the prevailing federal law shall deposit a Foreign Employment Service Fee at the rate of one percent of the amount collected from a person going for foreign employment. Such amount shall be spent for the benefit of the person going for foreign employment.

(2) The person holding the license shall deposit the amount referred to in subsection (1) into the revenue account within the twenty-fifth day of the following month and send the details thereof along with information to the Department of Foreign Employment.

(3) If such fee is not deposited within the period referred to in subsection (2), it shall be recovered with interest at the rate of fifteen percent per annum.

(4) The administration of the Foreign Employment Service Fee shall be as determined by the Department of Foreign Employment. 6.
Financial Act, 2025

6. Education Service Fee: (1) When providing foreign currency exchange facility for tuition fees to a student going to study abroad, an Education Service Fee shall be levied and collected at the rate of three percent on such exchanged amount.

(2) A bank or financial institution providing foreign currency exchange facility pursuant to subsection (1) shall deposit the amount collected as Education Service Fee into the revenue account within the twenty-fifth day of the following month and send the details thereof along with information to the concerned revenue office.

(3) If any bank or financial institution fails to deposit the amount of the Education Service Fee within the period referred to in subsection (2), it shall pay interest at the rate of fifteen percent per annum.

(4) If a student who has taken the exchange facility and paid the Education Service Fee pursuant to subsection (1) but is unable to go abroad for study, and requests a refund of the Education Service Fee by returning the foreign currency, it shall be refunded through the concerned bank as per the procedure prescribed by the Inland Revenue Department.

(5) The administration of the Education Service Fee shall be as determined by the Inland Revenue Department. 7. Infrastructure Development Tax: An Infrastructure Development Tax shall be levied and collected at the customs point on petrol and diesel imported into Nepal at the rate of ten rupees per liter. 8. Green Tax: A Green Tax shall be levied and collected at the customs point on goods imported into Nepal as per Schedule-1. 9. Road Construction Fee: (1) A Road Construction Fee shall be levied and collected on vehicles and means of transport imported into or produced within Nepal as per Schedule-2.

(2) The fee referred to in subsection (1) shall be collected by the customs office at the customs point for vehicles and means of transport imported after the commencement of this Act, and by the office registering such vehicles and means of transport at the time of registration for vehicles and means of transport imported before the commencement of this Act but remaining unregistered, as well as for those produced domestically and brought into use.

(3) The Road Construction Fee referred to in subsection (2) shall be deposited into the Federal Consolidated Fund.

(4) Details of the fee collected pursuant to subsection (2) shall be sent monthly to the Ministry of Finance, Government of Nepal. 10.
Financial Act, 2025

10. Road Maintenance and Improvement Fee: For road maintenance and improvement, a Road Maintenance and Improvement Fee shall be levied and collected at the customs point on petrol imported into Nepal from abroad at the rate of four rupees per liter and on diesel at the rate of two rupees per liter. 11. Film Development Fee: A Film Development Fee shall be levied and collected on the admission fee for foreign films exhibited by cinema halls in Nepal as per Schedule-3. 12. Pollution Control Fee: (1) A Pollution Control Fee shall be levied and collected on petrol and diesel sold and distributed within Nepal at the rate of one rupee fifty paisa per liter.

(2) The importer shall collect the fee referred to in subsection (1) and deposit the fee for each month into the revenue account within the twenty-fifth day of the following month.

(3) If the fee is not deposited within the period referred to in subsection (2), it shall be recovered from the concerned importer with interest at the rate of fifteen percent per annum.

(4) The administration of the Pollution Control Fee shall be as determined by the Inland Revenue Department. 13. Telephone Ownership Fee: (1) A Telephone Ownership Fee of five hundred rupees shall be collected from a customer installing a telephone. Such fee shall also be collected from the person acquiring ownership of a telephone in case of transfer of telephone ownership. Provided that, in the case of mobile telephones, a Telephone Ownership Fee shall be applicable at the rate of two percent of each SIM card and recharge fee.

(2) The fee referred to in subsection (1) shall be collected by the entity providing telecommunication services and deposited into the revenue account within the twenty-fifth day of the following month.

(3) If the fee is not deposited within the period referred to in subsection (2), it shall be recovered from the concerned entity with interest at the rate of fifteen percent per annum.

(4) The administration of the Telephone Ownership Fee shall be as determined by the Nepal Telecommunications Authority. 14.
Financial Act, 2025

14. Telecommunication Service Fee: (1) An entity providing telecommunication services such as telephone, mobile, internet shall collect a Telecommunication Service Fee amounting to ten percent of the tariff collected from the customer.

(2) Notwithstanding anything contained in subsection (1), such fee shall not be applicable to the charge payable for the use of one authorized entity's network by another (interconnection charge) and up to fifty percent of the maintenance charge for fixed broadband service fees.

(3) The fee referred to in subsection (1) shall be collected by the person or entity authorized to provide telecommunication services and deposited into the revenue account within the twenty-fifth day of the following month.

(4) If the fee is not deposited within the period referred to in subsection (3), an additional fee shall be recovered from the concerned person or entity on such outstanding amount at the rate of five percent per month.

(5) The administration of the Telecommunication Service Fee shall be as determined by the Nepal Telecommunications Authority. 15. Casino Royalty: (1) A person or institution licensed to operate a casino in Nepal shall pay an annual royalty of five crore rupees for operating a casino and an annual royalty of one crore fifty lakh rupees for games played solely through modern machines or equipment.

(2) For the purpose of subsection (1), only one such game may be operated at one location under one license.

(3) The person or institution licensed to operate the concerned casino shall deposit the royalty amount referred to in subsection (1) into the Department of Tourism: forty percent by the end of Poush, seventy percent by the end of Chaitra, and the remaining amount by the end of Ashadh.

(4) If a person or institution fails to deposit the royalty amount within the period referred to in subsection (3), an additional fee shall be charged at the rate of fifteen percent of the royalty amount for up to three months after each such period expires, and after that period, an annual additional fee shall be charged at the rate of thirty percent on the outstanding royalty amount, and such amount shall be recovered.

(5) The administration of the Casino Royalty shall be as determined by the Department of Tourism. 16. Digital Service Tax: (1) A Digital Service Tax shall be levied and collected at the rate of two percent on the transaction value of digital services provided by a non-resident person to users located in Nepal, and on the transaction value of the sale of data collected from users located in Nepal by a non-resident person.
Financial Act, 2025

Provided that, the tax under this section shall not apply to the following transactions:-
(a) Transactions up to an annual amount of thirty lakh rupees,
(b) Transactions of sales made through a digital interface for business purposes to business users located in Nepal.

(2) A non-resident person providing digital services in Nepal shall file details of their transactions for each fiscal year and the tax payable accordingly through the electronic medium (online) as determined by the Inland Revenue Department within three months from the end of the fiscal year.

(3) If details are not filed within the period specified in subsection (2), a fee calculated at the rate of zero point one percent of the annual transaction amount per year shall be levied, and if tax is not deposited by the prescribed due date, interest at the rate of fifteen percent per annum shall apply. If the tax payable is deposited in a shortfall or concealed, a penalty of fifty percent of the shortfall tax amount shall also be levied.

(4) Income on which tax under this section has been deposited shall not be subject to tax under the Income Tax Act, 2058.

(5) The administration of the Digital Service Tax shall be as determined by the Inland Revenue Department. 17. Luxury Fee: (1) A Luxury Fee shall be levied and collected on goods and services consumed in Nepal as per Schedule-4.

(2) The administration of the Luxury Fee shall be as determined by the Inland Revenue Department. 18.
Financial Act, 2025

17. Luxury Fee: (1) A Luxury Fee shall be levied and collected on goods and services consumed in Nepal as per Schedule-4.

(2) The administration of the Luxury Fee shall be as determined by the Inland Revenue Department. 18. Power to Reduce, Increase, or Exempt Rates: (1) Notwithstanding anything contained in the prevailing law, the Government of Nepal may, as necessary, reduce or increase the rate of duty, fee, levy, or tax imposed under this Act and other prevailing laws, or grant a partial or full exemption from such duty, fee, levy, or tax.

(2) Notwithstanding anything contained in subsection (1), the Ministry of Finance, Government of Nepal may reduce the rate of duty, fee, levy, or tax applicable under this Act or grant a partial or full exemption from such duty, fee, levy, or tax to non-profit public and community institutions, the Government of Nepal, Provincial Governments, local levels, or corporate bodies owned by the Government of Nepal.

(3) Notwithstanding anything contained in subsection (1), the Ministry of Finance, Government of Nepal may, subject to the terms and conditions stipulated in the agreement and Schedule-5, reduce the rate of duty, fee, levy, or tax applicable under this Act on the import of goods imported for the following types of projects or in the name of the contractor appointed by such project, or grant a partial or full exemption from such duty, fee, levy, or tax:-
(a) Projects implemented with foreign loan or grant assistance, or
(b) Projects as per agreement with the Government of Nepal or the Investment Board Nepal.

(4) If any person misuses the exemption facility granted under subsections (1), (2), and (3), or uses goods obtained under exemption facility for a specific purpose for other work except with the approval of the Government of Nepal, the exempted duty, fee, levy, or tax amount shall be recovered along with a penalty equal to such amount.

(5) The Ministry of Finance, Government of Nepal shall present details of the tax rate reduction, increase, or the partial or full exemption granted for any duty, fee, levy, or tax under this section to the Federal Parliament every year.

(6) A notice of the rate reduction, increase, or exemption granted under this section shall be published in the Nepal Gazette. 19.
Financial Act, 2025

19. Power to Simplify Procedures or Remove Obstacles: In the course of implementing this Act, if a situation arises where public peace and order is seriously disrupted, public movement is obstructed, or a disaster prevents the enjoyment of any facility provided by this Act, or if any complexity arises, or if any obstacle occurs in the implementation of this Act, the Ministry of Finance, Government of Nepal may, by publishing a notice in the Nepal Gazette, extend the period, simplify procedures, or remove obstacles encountered in implementation as necessary. 20. Health Risk Tax: (1) A Health Risk Tax shall be levied and collected on goods imported from abroad and produced in Nepal as per Schedule-6.

(2) The administration of the Health Risk Tax shall be as determined by the Inland Revenue Department. 21. Hydropower Project may Import on Bank Guarantee Basis: (1) A project that has obtained in-principle approval for capacity enhancement and design change, its contractor, or the project's promoter, may be allowed to import construction equipment, machinery tools and their spare parts, explosives, penstock pipes, and steel plates required for the generation, transmission, and distribution of the project on a bank guarantee facility for the amount of customs duty and value added tax payable, upon the recommendation of the Department of Electricity Development.

(2) After the capacity enhancement and design change is approved pursuant to subsection (1), the hydropower project, its contractor, or promoter shall submit an application to the customs office where the goods were imported, along with the recommendation of the Department of Electricity Development, for the release of the bank guarantee kept under that subsection.

(3) Upon receiving the application pursuant to subsection (2), the customs office shall conduct necessary inquiries and release the bank guarantee by collecting one percent customs duty from the bank guarantee kept at the time of import and granting exemption for the remaining customs duty and value added tax. 22. Special Provision Regarding Deduction of Expenses for Transport Vehicle Hire: A transport service provider entrepreneur, who hired vehicles for transportation from a natural person without a Permanent Account Number in fiscal years 2078/79, 2079/80, and 2080/81 for operating their business, and made payment of the hire amount by deducting advance tax pursuant to clause (8) of the proviso to subsection (1) of Section 88 of the Income Tax Act, 2058, shall be allowed to deduct the amount paid as hire expenses when calculating taxable income for that income year, even if the invoice does not mention the Permanent Account Number. 23.
Financial Act, 2025

23. Special Provision Regarding Transfer of Amount for Retirement Contribution: (1) A retirement fund previously approved by the Inland Revenue Department pursuant to the Income Tax Act, 2058, shall be mandatorily affiliated with the Employees Provident Fund established under the Employees Provident Fund Act, 2019, the Citizen Investment Fund established under the Citizen Investment Fund Act, 2047, the retirement fund operated by the Social Security Fund established under the Contribution-based Social Security Act, 2074, or the retirement fund operated by the Pension Fund established under the Pension Fund Act, 2075, by the end of Ashadh, 2083.

(2) If, during the affiliation process under subsection (1), the retirement contribution deposited by the contributor in the previous retirement fund and the lump sum amount added thereto is transferred to the fund pursuant to that subsection within the same period, advance tax shall not be deducted on the amount so transferred pursuant to the Income Tax Act, 2058. 24. Special Provision Regarding Waiver of Penalty, Additional Fee, Charge, and Interest Applicable to Social Organizations: For a community hospital or health institution or a transport-related association or organization registered under the Organization Registration Act, 2034, if there is an outstanding tax liability determined or revised under the Value Added Tax Act, 2052, the Income Tax Act, 2058, and annual Finance Acts before Jestha 15, 2082, by the concerned tax office, and if such taxpayer deposits the determined tax by the end of Poush, 2082, the interest, charge, additional fee, and penalty levied thereon shall be waived. 25. Special Provision Regarding Waiver of Penalty, Additional Fee, and Interest on Value Added Tax: (1) If a taxpayer registered under the Value Added Tax Act, 2052, submits the Value Added Tax returns and any unpaid tax returns due up to the end of Chaitra, 2081, and pays twenty-five percent of the tax amount according to those returns and the interest by the end of Poush, 2082, the penalty, additional fee, and remaining interest applicable under the Value Added Tax Act, 2052, shall be waived.

(2) Notwithstanding anything contained in subsection (1), for a taxpayer who has submitted the Value Added Tax returns due up to the end of Chaitra, 2081, under the Value Added Tax Act, 2052, and only the tax deposit is pending, if they also pay twenty-five percent of the outstanding tax and interest amount by the end of Poush, 2082, the penalty, additional fee, and remaining interest applicable under the Value Added Tax Act, 2052, shall be waived. 26.
Financial Act, 2025

26. Special Provision Regarding Waiver of Penalty and Late Fee on Excise Duty: (1) If a license holder liable to determine and collect excise duty under Section 10A. of the Excise Duty Act, 2058, submits the excise duty returns due up to the end of Chaitra, 2081, pays the excise duty amount payable according to those returns and an amount equal to fifty percent of the late fee by the end of Poush, 2082, the penalty and remaining late fee applicable under the Excise Duty Act, 2058, shall be waived.

(2) Notwithstanding anything contained in subsection (1), for a license holder who has submitted the excise duty returns due up to the end of Chaitra, 2081, under the Excise Duty Act, 2058, and only the excise duty deposit is pending, if they also pay fifty percent of the outstanding excise duty and late fee amount by the end of Poush, 2082, the penalty and remaining late fee applicable under the Excise Duty Act, 2058, shall be waived. 27. Provision Regarding Value Added Tax Exemption for International Air Transport Service Providers and Persons Selling Air Tickets: (1) If an international air transport service provider that has not yet registered under the Value Added Tax Act, 2052, registers for Value Added Tax and deposits the Value Added Tax payable or collected on transactions from Kartik 1, 2080, by the end of Ashwin, 2082, the interest, penalty, and additional fee applicable thereon shall be waived.

(2) In the case of a person, whether registered or not for Value Added Tax, who deals in the purchase and sale of international air tickets, if they deposit the Value Added Tax payable or collected on transactions from Kartik 1, 2080, by the end of Ashwin, 2082, the applicable interest, penalty, and additional fee shall not be payable. Tax, interest, penalty, and additional fee payable for the period prior to Kartik 1, 2080, shall also be waived. 28.
Financial Act, 2025

Tax, interest, penalty, and additional fee payable for the period prior to Kartik 1, 2080, shall also be waived. 28. Provision Regarding Granting Relief to Taxpayers Assessed for Not Submitting Income Returns: (1) If a person who did not submit income returns had a revised tax assessment made by the concerned tax office for any income year in the past under Section 101 of the Income Tax Act, 2058, such person may, after the revised assessment, submit the income return for that income year and pay the tax amount accordingly if already paid, or even if the return submission is pending, may submit the income return and deposit the tax accordingly by the end of Poush, 2082.

(2) In relation to the income returns received or to be received under subsection (1), the concerned tax office may conduct a tax audit and make a fresh revised assessment by the end of Ashadh, 2083. The limitation periods specified in subsection (4) of Section 20 of the Value Added Tax Act, 2052, and subsection (3) of Section 101 of the Income Tax Act, 2058, shall not apply to tax assessment in such a case.

(3) The previously issued revised assessment order by the office shall not be enforced in relation to the tax returns filed under subsection (1), except where a fresh revised assessment is made upon audit under subsection (2). 29. Special Provision Regarding Persons Outside Nepal Providing Digital Services in Nepal: The provision of sub-clause (5) of clause (ka) of Section 2 of the Income Tax Act, 2058, shall not apply in the case of a person outside Nepal providing digital services in Nepal who has registered and complied with tax obligations under Section 16 of the Finance Act, 2081, and Section 10B. of the Value Added Tax Act, 2052. 30. Special Provision Regarding Waiver of Interest and Charge on Income Tax: If a resident entity in Nepal, which has an interest in another resident entity of Nepal that has already been taxed due to a change in ownership under subsection (1) of Section 57 of the Income Tax Act, 2058, has an outstanding liability from a revised assessment based on such change in ownership, and if such entity deposits the assessed tax amount by the end of Ashadh, 2082, the interest and charge under such revised assessment shall be waived. 31.
Financial Act, 2025

31. Special Provision Regarding Exemption of Income Tax on Public and Private Vehicles: If income tax for fiscal years 2081/82 and 2082/83 is paid by the end of Poush, 2082, for the purpose of writing off public or private vehicles that are more than twenty years old or cannot be operated, the income tax and interest for periods prior to fiscal year 2081/82 shall be exempted. 32. Special Provision Regarding Refund of Cash Deposit or Release of Bank Guarantee and Return of Shipping Containers: (1) If an industry had imported marble blocks covered under heading 2515.12.00 or granite blocks covered under heading 2516.12.00 of Part 25 of Schedule-3 of the Customs Act, 2081, as industrial raw materials before Mangsir 6, 2081, claimed them as crude or roughly trimmed marble under heading 2515.11.00 or crude or roughly trimmed granite under heading 2516.11.00, and after being dissatisfied with the classification by the customs officer, deposited the undisputed amount as revenue and kept the disputed amount as a deposit at the concerned customs office for clearance, and had filed an application for review of such classification with the Department of Customs or appealed to the court against the Department's classification decision, then if the concerned industry withdraws such application or appeal by the end of Mangsir, 2082, the deposit amount kept accordingly shall be refunded to the concerned industry.

(2) If an industry that has been licensed for a bonded warehouse under the prevailing customs law has imported raw materials on a bank guarantee facility, and an industry not licensed for a bonded warehouse has imported raw materials on a passbook facility, and has manufactured finished goods from such raw materials and exported them within the legally prescribed period, but the cash deposit or bank guarantee has not been released for various reasons, then if such industry submits an application with necessary evidence and documents by the end of Mangsir, 2082, such cash deposit or bank guarantee may be released based on the evidence submitted.

(3) Among the shipping containers owned by any domestic or foreign shipping company and used for transporting goods, if containers have been lying in the customs premises for a long time, whether confiscated or not under the prevailing customs law, and if the concerned shipping company submits an application to take them back by the end of Mangsir, 2082, such containers shall be returned to the concerned shipping company without charging any fee or demurrage. 33.
Financial Act, 2025

33. Interim Administration of Land and Building Registration Fee: Until provinces or local levels have the means, resources, technology, manpower, and office management to collect the Land and Building Registration Fee under the Intergovernmental Fiscal Management Act, 2074, the concerned office of the Government of Nepal shall collect the fee according to the rate determined by the province or local level and deposit the fee as provided for in that Act into the concerned Provincial or Local Consolidated Fund. 34. Amendment to the Liquor Act, 2031: In the Liquor Act, 2031,-
(1) Clause (ka) of Section 2 is replaced by the following clause (ka):-
"(ka) "Liquor" means a substance having more than zero point five percent alcohol prepared by fermenting grains, fruits, or any other starchy substance through a biochemical process or by any other method, and the term shall also include raksi, jand, chhyang, whiskey, rum, gin, brandy, vodka, beer, wine, sherry, champagne, cider, perry, mead, malt liquor, sake, soju, vermouth, prepared alcoholic beverages, industrial alcohol, rectified spirit, malt spirit, silent spirit, denatured spirit, E.N.A., and heads spirit."

(2) The words "उत्पादन, निकासी वा पैठारी वा सञ्चय" (production, export or import or storage) in Section 5 are replaced by the words "निकासी वा पैठारी" (export or import). 35.
Financial Act, 2025

35. Amendment to the Value Added Tax Act, 2052: In the Value Added Tax Act, 2052,-
(1) Clause (ta2) of Section 2 is replaced by the following clause (ta2):-
"(ta2) "Digital Service" means services provided over the internet automatically with minimal human intervention, for which information technology is essential for providing the service to the user, and includes the following services:-
(a) Paid personal promotion services,
(b) Targeted online advertising services,
Explanation: For the purpose of this clause, "Targeted online advertising" means any form of commercial digital communication targeted through a digital interface (electronic platform, website, application, or other media of similar nature) to promote any product, service, or brand, using information or expressions in any form of concepts generated or collected from interactions (directly or indirectly in any manner) by a user with the digital interface.
(c) Movies, television, music, over the top (OTT), and subscription-based other similar services,
(d) Data collection services,
(e) Cloud services,
(f) Gaming services,
(g) Mobile application services,
(h) Online marketplace services and services provided through it,
(i) Supply and updating of software,
(j) Download services including data, images,
(k) Consulting, skill development, and training services,
(l) Services of a similar nature in addition to those mentioned in clauses (a) to (j)."

(2) Subsection (8) of Section 17 is omitted.

(3) After the words "सङ्गठित संस्था" (corporate bodies) in clause (e) of subsection (1) of Section 21, the words ", प्रदेश सरकार" (Provincial Government) are added.

(4) The words "निजको बैङ्क खातामा" (in his bank account) in subsection (1kha) of Section 25 are replaced by the word "तत्काल" (immediately).

(5) After subsection (1kha) of Section 25, the following subsection (1ga) is added:-
"(1ga) If an amount deposited pursuant to subsection (6) of Section 31A. is adjudicated by a court, and during the implementation of the judgment, after a revised assessment, the amount is found to be excess and requested for refund by the taxpayer, it shall be refunded."

(6) After clause (ja) of subsection (1) of Section 29, the following clause (ja1) is added:-
"(ja1) If a branch or warehouse is found to be operating without certification, ten thousand rupees per instance."

(7) Section 30 is replaced by the following Section 30:-
"30.
Financial Act, 2025

Suspension of Business: (1) If a registered person commits any offense under Section 29 two or more times, the Director General may order a Tax Officer to suspend the registration of such person for a maximum of seven days at the place of business per instance.

(2) Notwithstanding anything contained elsewhere in this section, if a taxpayer fails to submit tax returns for six consecutive months, the name of such taxpayer may be made public, and any amount due for tax deduction at source, if outstanding, may be frozen, and the registration of such taxpayer may also be suspended."

(8) The words "पच्चिस प्रतिशत" (twenty-five percent) in subsection (2) of Section 33 are replaced by the words "एक चौथाई" (one-fourth).

(9) Amendment to Schedule-1: In Schedule-1 of the Principal Act,-
(a) Under Group 3: Live Animals and Animal Products, the following sub-headings are added within heading 02.07:-

 02.07 Fresh, chilled or frozen meat and edible offal of poultry of heading 01.05. 0207.12.00 --Not cut in pieces, frozen
 0207.14.00 --Cuts and offal, frozen
 0207.25.00 --Not cut in pieces, frozen
 0207.27.00 --Cuts and offal, frozen
 0207.42.00 --Not cut in pieces, frozen
 0207.45.00 --Other, frozen
 0207.52.00 --Not cut in pieces, frozen
 0207.55.00 --Other frozen

(b) Under Group 3: Live Animals and Animal Products, the following sub-headings are added within heading 04.03:-

 04.03 Yogurt, buttermilk, curdled milk and cream, kefir and other fermented or acidified milk and cream, whether or not concentrated or containing added sugar or other sweetening matter or flavoured or containing added fruit, nuts or cocoa. 0403.90.00 -Other

(c) Under Group 3: Live Animals and Animal Products, the following sub-headings are added within heading 04.06:-

 04.06 Cheese and curd. 0406.90.10 Chhurpi

(d) Under Group 4: Agricultural Inputs, the following sub-headings are omitted within heading 31.02:-

 31.02 Mineral or chemical fertilizers, nitrogenous.

 -Urea, whether or not in aqueous solution:
 3102.10.10 Diesel exhaust fluid

(d1) Under Group 4: Agricultural Inputs, the following sub-headings are added within heading 31.02:-

 31.02 Mineral or chemical fertilizers, nitrogenous.

 -Urea, whether or not in aqueous solution:
 3102.10.20 Technical grade
 3102.10.30 Fertilizer grade
 3102.10.90 Other

(e) Under Group 5: Medicines, Treatment, and Similar Health Services, the following sub-headings are added within heading 30.04:-

 Group 5: Medicines, Treatment, and Similar Health Services

 30.04 Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale.
Financial Act, 2025

3004.50.00 -Other, containing vitamins or other products of heading 29.36

(f) Under Group 5: Medicines, Treatment, and Similar Health Services, the words "जीवन दशमुलारिष्ट, अशोकारिष्ट, कल्पसुन्दरी समेत:" (Jeevan Dashamularishta, Ashokarishta, Kalpasundari including:) within sub-heading 3004.90.41 are omitted.

(g) Under Group 5: Medicines, Treatment, and Similar Health Services, the following sub-headings are added within heading 90.21:-

 90.21 Orthopedic appliances, including crutches, surgical belts and trusses; splints and other fracture appliances; artificial parts of the body; appliances for correcting bodily defects or disabilities; hearing aids and other appliances which are worn or carried or implanted in the body. 9021.40.00 -Hearing aids, excluding parts and accessories

(h) Under Group 5: Medicines, Treatment, and Similar Health Services, in point no. (5) of the Note within heading 90.21, the words "उपशीर्षक ८३०९.९०.०० मा पर्ने आधारभूत धातुका बिर्को" (caps of base metal falling under sub-heading 8309.90.00) are added.

(i) Under Group 5: Medicines, Treatment, and Similar Health Services, point no. (10) of the Note is replaced by the following point no. (10):-
"(10) Hemodialysis machines, dialysis reprocessors, dialyzers and their tubing falling under sub-heading 9018.90.90; dialysis beds falling under sub-heading 9402.90.20 and chairs falling under sub-heading 9402.90.90; Echocardiogram machines falling under sub-heading 9018.11.00; Videoscopes, Cath lab, heart-lung machines, and defibrillators falling under sub-heading 9018.90.90; Positron Emission Tomography (PET) scan machines, Computed Tomography (CT) scan machines, Mammography machines falling under sub-heading 9022.12.00; Brachytherapy and Linear Accelerators falling under sub-heading 9022.21.00; Flow cytometers, Next Generation Sequencers, and Protein Microarray Platforms falling under sub-heading 9018.19.90; Multiplex Real Time PCR falling under sub-heading 9018.90.30; Hematology Analyzers, Blood Chemistry Analyzers, Clinical Chemistry Analyzers, and Immunochemistry Analyzers falling under sub-heading 9027.89.10; Magnetic Resonance Imaging (MRI) machines falling under sub-heading 9018.13.00 imported by health institutions accredited by the Government of Nepal for use in kidney treatment; Echocardiogram machines falling under sub-heading 9018.11.00 used in the diagnosis and treatment of heart disease; and equipment for the diagnosis and treatment of cancer."

(j) Under Group 11: Other Goods and Services, Part (a) Goods, the following sub-headings are added within heading 14.04:-

 14.04 Vegetable products not elsewhere specified or included. 1404.90.50 Seeds of Rudraksha (Elaeocarpus ganitrus)

(t) Under Group 11: Other Goods and Services, Part (a) Goods, the following sub-headings are omitted within heading 71.02, heading 71.03, and heading 71.05:-

 71.02 Diamonds, whether or not worked, but not mounted or set.
Financial Act, 2025

1404.90.50 Seeds of Rudraksha (Elaeocarpus ganitrus)

(t) Under Group 11: Other Goods and Services, Part (a) Goods, the following sub-headings are omitted within heading 71.02, heading 71.03, and heading 71.05:-

 71.02 Diamonds, whether or not worked, but not mounted or set. Heading Subheading Description of Goods or Services Excise Duty Rate unless otherwise specified in percentage of goods

 02.07 Fresh, chilled or frozen meat and edible offal of poultry of heading 01.05.
 -Of fowls of the species Gallus domesticus:
 0207.12.00 --Not cut in pieces, frozen 15
 0207.14.00 --Cuts and offal, frozen 15
 -Of turkeys:
 0207.25.00 --Not cut in pieces, frozen 15
 0207.27.00 --Cuts and offal, frozen 15
 -Of ducks:
 0207.42.00 --Not cut in pieces, frozen 15
 0207.45.00 --Other, frozen 15
 -Of geese:
 0207.52.00 --Not cut in pieces, frozen 15
 0207.55.00 --Other, frozen 15
 04.02 Milk and cream, concentrated or containing added sugar or other sweetening matter.
 -In powder, granules or other solid forms, of a fat content by weight not exceeding 1.5%:
 0402.10.10 Skimmed milk 5
 0402.10.90 Other 5
 -In powder, granules or other solid forms, of a fat content by weight exceeding 1.5%:
 0402.21.00 --Not containing added sugar or other sweetening matter 5
 --Other:
 0402.29.90 Other 5
 -Other:
 0402.91.00 --Not containing added sugar or other sweetening matter 5
 0402.99.00 --Other 5
 08.02 Other nuts, fresh or dried, whether or not shelled or peeled. 0802.80.00 -Areca nuts Per kg Rs. 100.00
 08.03 Bananas, including plantains, fresh or dried. 0803.10.00 -Plantains 5
 0803.90.00 -Other 5
 08.04 Dates, figs, pineapples, avocados, guavas, mangoes and mangosteens, fresh or dried.
 -Figs:
 0804.20.10 Fresh 5
 0804.20.90 Other 10
 0804.30.00 -Pineapples 5
 0804.40.00 -Avocados 5
 -Guavas, mangoes and mangosteens:
 0804.50.10 Guavas 5
 0804.50.20 Mangoes 5
 0804.50.30 Mangosteens 5
 08.09 Apricots, cherries, peaches (including nectarines), plums and sloes, fresh. 0809.10.00 -Apricots 10
 08.12 Fruit and nuts, provisionally preserved, but unsuitable in that state for immediate consumption. 0812.10.00 -Cherries 10
 0812.90.00 -Other 10
 08.13 Fruit, dried, other than that of headings 08.01 to 08.06; mixtures of nuts or dried fruits of this Chapter.
Financial Act, 2025

0809.10.00 -Apricots 10
 08.12 Fruit and nuts, provisionally preserved, but unsuitable in that state for immediate consumption. 0812.10.00 -Cherries 10
 0812.90.00 -Other 10
 08.13 Fruit, dried, other than that of headings 08.01 to 08.06; mixtures of nuts or dried fruits of this Chapter. 0813.10.00 -Apricots 10
 0813.20.00 -Prunes 10
 0813.40.00 -Other fruit 10
 0813.50.00 -Mixtures of nuts or dried fruits of this Chapter 10
 09.04 Pepper of the genus Piper; dried or crushed or ground fruits of the genus Capsicum or Pimenta.
 -Pepper:
 --Neither crushed nor ground:
 0904.11.10 Long pepper (Pipla) 15
 0904.11.20 White pepper 15
 0904.11.30 Black pepper 15
 0904.11.40 Timur (Sichuan pepper) 15
 0904.11.90 Other 15
 --Crushed or ground:
 0904.12.10 Pepper 15
 0904.12.90 Other 15
 -Fruits of the genus Capsicum or Pimenta:
 090400.21 --Dried, neither crushed nor ground 5
 090400.22 --Crushed or ground 5
 09.06 Cinnamon and cinnamon-tree flowers.
 -Neither crushed nor ground:
 0906.11.00 --Cinnamon (Cinnamomum zeylanicum Blume) 10
 0906.19.00 --Other 10
 0906.20.00 -Crushed or ground 10
 09.10 Ginger, saffron, turmeric (curcuma), thyme, bay leaves, curry and other spices.
 -Ginger:
 --Neither crushed nor ground:
 0910.11.10 Fresh 5
 0910.11.90 Other 5
 0910.12.00 --Crushed or ground 5
 0910.20.00 -Saffron 5
 -Turmeric (curcuma):
 0910.30.10 Fresh 5
 0910.30.20 Powder or flour 5
 0910.30.90 Other 5



 11.06 Flour, meal and powder of the dried leguminous vegetables of heading 07.13, of sago or of roots or tubers of heading 07.14 or of products of Chapter 8. 11 06.10.00 -Of the dried leguminous vegetables of heading 07.13 20
 11 06.20.00 -Of sago or of roots or tubers of heading 07.14 20
 11 06.30.00 -Of products of Chapter 8 20
 1203. 120300.00 Copra (dried coconut kernel, unfit for human consumption). 15
 12.07 Other oil seeds and oleaginous fruits, whether or not broken.
 -Other:
 1207.91.00 --Poppy seeds 15
 1207.91.00 --Other 15
 14.01 Vegetable materials of a kind used primarily for plaiting or for making brooms or brushes (e.g., bamboos, rattans, reeds, rushes, osier and raffia, cleaned, bleached or dyed; cereal straw and lime bark)
 1401.10.00 -Bamboos 10
 1401.20.00 -Rattans 10
 1401.90.00 -Other 10
 14.04 Vegetable products not elsewhere specified or included. 1404.20.00 -Cotton linters 5



 1404.90.10 Semi-manufactured katha (catechu) Per kg Rs. 171.00
 1404.90.20 Katha catechu Per kg Rs. 155.00
 1404.90.30 Bindi wrapping leaves 5
 1404.90.40 Betel leaves 10
 1404.90.50 Rudraksha seeds 10
 1404.90.70 Soapnuts (Ritha) 10
 1404.90.80 Amriso (broom grass) 10
 Other:
 1404.90.99 Other 10
 15.17 Margarine; edible mixtures or preparations of animal, vegetable or microbial fats or oils or of fractions of different fats or oils of this Chapter, other than edible fats or oils or their fractions of heading 15.16. 1517.90.00 -Other 10
 16.01 1601.00.00 Sausages and similar products, of meat, meat offal, blood or insects; food preparations based on these products.