Sources: The Library of Congress Country Studies; CIA World Factbook
Until the late 1950s, the two major sources of revenues were a land tax and a tariff on foreign trade. After 1959, however, income, sales, and property taxes, as well as several other minor taxes, were introduced. An import-export tax and various business taxes, such as a sales tax, were the dominant sources of revenue. A land tax, which accounted for a considerable portion of revenue prior to 1960, no longer provided an important source of revenue. Income tax on individual incomes accounted for less than 7 percent of revenues. Most of the other taxes were progressive in nature. In the late 1980s, the total tax burden was about 10 percent of gross national product (GNP--see Glossary)--lower than in the neighboring countries of India, Pakistan, and Sri Lanka, which taxed at rates of 11 to 13 percent.
Data as of September 1991
NOTE: The information regarding Nepal on this page is re-published from The Library of Congress Country Studies and the CIA World Factbook. No claims are made regarding the accuracy of Nepal Taxation information contained here. All suggestions for corrections of any errors about Nepal Taxation should be addressed to the Library of Congress and the CIA.