Govt decides to charge 2% additional tax on luxury goods, services

Kathmandu, May 30 : The government has decided to impose two percent luxury charge for services of high-end hotels and resorts, imported liquors and precious metals. 

The government has made this announcement through the budget for the upcoming fiscal year 2023-24 that was presented Monday before the Federal Parliament.  

The tax is applied on ornaments made up of precious metals and stones such as gold, diamond, pearls and gems worth over Rs 1 million. The tax is levied on imported alcoholic products at the customs point during the times of transportation.    

In case of the non-payment of the luxury tax, it will be recovered along with a 15 percent interest rate annually. Rss