KATHMANDU: The House of Representatives has passed the Financial Bill, 2025 by majority vote in its meeting today.
Deputy Prime Minister and Finance Minister Bishnu Paudel had tabled the proposal for its endorsement.
During the session, lawmakers discussed various amendments submitted to the bill. Responding to concerns raised during the debate, Finance Minister Paudel said that the bill prioritizes maintaining stability in tax policy to promote a conducive investment environment. As a result, major tax changes were avoided.
Paudel said the bill aims to expand the tax base, curb revenue leakage, and bring the informal economy under the tax net.
He noted that frequent changes in tax rates in previous years had created uncertainty for investors, affecting both business and industrial sectors.
“This bill seeks to correct the instability seen in past tax policies. Only necessary amendments have been made to ensure clarity and predictability in the tax system,” he said.
The minister also added that the bill introduces tax exemptions and incentives for industries and sectors that contribute to boosting production and national productivity.
All proposed amendments to the bill were rejected by majority vote.
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