Nepal – New Partial Budget Makes No Changes to Taxation

Nepal – New Partial Budget Makes No Changes to Taxation

TR Upadhya & Co. in Nepal reports that the caretaker government presented a partial budget for the first four months of the fiscal year 2012-13 on July 15, 2012. In this partial budget, the caretaker government had no authority to make changes to the country’s system of direct and indirect taxation, and it did not make any policy announcements All income tax rates applicable for the fiscal year 2011-12 continue for the fiscal year 2012-13 until a full budget is presented.

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