The Ministry of Finance Nepal has given a clear order to provincial governments and local governments. They cannot charge any taxes or fees on goods that are just passing through their area for transit.
This new rule comes from official letters. The letters went to provincial governments through the Prime Minister’s office. And to local governments through the Federal Affairs Ministry.
The Finance Ministry says local areas must not add extra costs. This would hurt farmers, traders, and businesses. Charging money on goods only in transit makes transport more expensive. It breaks the supply chain and raises prices in the market.
Many people watch how this helps the Nepal economy. Lower costs can make goods cheaper. This is good for share market Nepal and NEPSE index. Investors in Nepal Stock Exchange may see positive effects on hydro power shares, banking sector NEPSE, and agriculture related stocks.
Why This Rule is Important for Nepal Tax System
The ministry reminds everyone: Charging taxes on goods from other districts – if not sold locally – goes against the Nepal Constitution and laws. Just using roads for transport does not allow local units to add tax, duty, or service charge.
A big decision happened in mid-December. No taxes or fees against the law. Now, all agencies must follow this for better goods transportation Nepal.
Some local governments were collecting money on agricultural produce from nearby areas. This hurt farmers and businesses with illegal costs.
Good News for NEPSE Live and Nepal Share Market
By removing these extra transit charges, logistics costs go down. This supports farmers and traders. Goods move easily across the country. It helps keep prices stable and makes markets better.
This can boost the Nepal economy 2025. Lower costs mean more business activity. That is positive for NEPSE today, top gainers NEPSE, IPO Nepal, and dividend stocks. Watch Merolagani or Sharesansar for updates on how this affects floorsheet and NEPSE chart.
Stay tuned for more Nepal economic news and NEPSE updates!
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