With the budget for the next fiscal year coming up in a few days, startups are preparing for a five-year tax break
The government is bringing the budget for the coming fiscal year 2078/79 in the next few days. The budget for the coming fiscal year will be around Rs. 16 trillion.
In next year’s budget, the government is preparing to give tax exemption to startups. The government is preparing to give a five-year tax exemption to startups through the budget for the coming fiscal year.
Various organizations have been demanding that the government provide tax breaks to promote startups in Nepal. The demand will be addressed through this budget.
Lately, Nepali youths have been attracted towards startups. But even though some young people were attracted to start a startup, they did not move forward due to tax issues.
Lately, various programs have been operating in Nepal targeting startups.