Nepal govt formally approves withdrawal of 3% tax on health, education
Last Updated:July 22, 2026, 21:15 ISTRepresentational image (Image: News18)Kathmandu, Jul 22 (PTI) Nepal government on Wednesday formally approved the withdrawal of the 3 per cent equity tax imposed on. . .
Last Updated:July 22, 2026, 21:15 ISTRepresentational image (Image: News18)Kathmandu, Jul 22 (PTI) Nepal government on Wednesday formally approved the withdrawal of the 3 per cent equity tax imposed on private education and health sectors following widespread public criticism. The Council of Ministers approved the proposal submitted by Finance Minister Swarnim Wagle to waive the 3 per cent Education and Health Equity Fee under Section 18(1) of the Finance Act, 2083, cabinet sources said. Recommended StoriesThe Cabinet formally endorsed the complete waiver of the levies. The decision to scrap the tax follows growing public outcry against the newly introduced levy. In a social media post on Tuesday, Prime Minister Balendra Shah said the government has decided not to implement the equity tax on private education and health sectors “for now". The three per cent levy was introduced last month in the budget for the new fiscal year and came into effect from July 17. Shah said the tax was introduced to expand the tax base and make the economy more organised. However, the government took note of the public response and decided to suspend its implementation. PTI SBP SCY SCY(This story has not been edited by News18 staff and is published from a syndicated news agency feed -PTI)News18 NewsletterHandpicked stories, in your inboxA newsletter with the best of our journalismKey Questions AnsweredNepal's government introduced the 3% equity tax on private education and health sectors to expand the tax base and organize the economy. The tax was introduced last month in the budget for the new financial year and came into effect from July 17. First Published:July 22, 2026, 21:15 ISTNewsagency-feedsNepal govt formally approves withdrawal of 3% tax on health, educationDisclaimer: Comments reflect users’ views, not News18’s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to ourTerms of UseandPrivacy Policy. Loading comments. . . Read More