ECONOMY

VAT collection increases 9 percent to Rs 372.88 billion in FY 2025/26

The government collected Rs 372.88 billion in Value Added Tax (VAT) in Fiscal Year (FY) 2025/26, an increase of 9 percent compared to the amount collected under the same heading in the previous FY.
alt=
By REPUBLICA

KATHMANDU, July 25: The government collected Rs 372.88 billion in Value Added Tax (VAT) in Fiscal Year (FY) 2025/26, an increase of 9 percent compared to the amount collected under the same heading in the previous FY.



According to the Financial Comptroller General Office (FCGO), VAT collection increased by 4 percent on the domestic side, while the amount collected from imported goods increased by 12.78 percent.


Related story

Upper Arun Project to offer Rs 13 billion shares to NRNs, migra...


In the last FY, a total of Rs 152.88 billion in VAT was collected from domestic transactions. In the previous FY, the figure stood at Rs 146.87 billion. Likewise, VAT collection from imported goods increased to Rs 220 billion from Rs 195.70 billion in the previous year.


Regarding the internal sources of VAT, Rs 31.80 billion was collected from the sale and distribution of goods, Rs 27.49 billion from consulting and contracting, Rs 4.60 billion from tourism services, and Rs 32.35 billion from communication services, insurance, and air travel. Similarly, the government collected Rs 9.14 billion under the reverse charge heading.


 

Related Stories
ECONOMY

NEPSE jumps 83 points, hydropower sector leads gai...

increasedshares_20220616171611.jpg
ECONOMY

VAT has not been imposed on locally produced potat...

InlandRevenue_20200716211734_20200816115037.jpg
ECONOMY

Government amends VAT rule to improve compliance

Government amends VAT rule to improve compliance
Editorial

Diversifying Government Revenue

Revenue-VAT.jpg
ECONOMY

Lending slows as banks focus on recovery of loans...

Lending slows as banks focus on recovery of loans at fiscal year-end