IME Life New

Income tax exemption for public and private vehicles

SPIL
Global College
Nepal Life New

Kathmandu. Income tax on public and private vehicles will be waived. This has been stated in the bill made for the implementation of the proposal related to the finance of the Government of Nepal.

For the purpose of deducting the records of public or private vehicles older than 20 years or not in operation, income tax and interest exemption for the financial year 2081/82 and 2082/83 will be exempted from income tax and interest before the financial year 2081/82.

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