Kolkata, New Delhi, INDIA. New York, USA.
Business To Business, Kathmandu, 22nd July, 2026: The Nepal government on Tuesday withdrew its proposed three per cent equity tax on the private education and health sectors following widespread public criticism.
In a post on social media, Prime Minister Balendra Shah said the decision was taken after concerns were raised that the proposed levy would impose an additional financial burden on the public.
Following consultations with Finance Minister Swarnim Wagle, the government decided not to implement the equity tax on the private education and health sectors "for now," the prime minister said.