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NepalTaxation
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
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