Tax is a charge usually of money imposed by authority on persons or property for public purposes. vehicle tax is the tax imposed after buying some vehicles that have to be paid to the government on time. If the vehicle is currently registered to you or your spouse or party to a civil union out-of-state, a tax is based on NADA clean trade-in book value and is due unless exempted. Vehicle tax is a little bit high in comparison to other countries. Different sorts of vehicles have different tax value and so on. some more information about vehicle tax in Nepal are as following.
Why is vehicle tax high in Nepal?
Nepal is one of the landlocked country, as well as it is one of the developing countries where each and every infrastructure are not soo well managed. As there is no proper scientific technology used in order to develop /introduced something new. In case of vehicle tax high, the country had to order the vehicles from other countries as vehicles are not developed in Nepal. Some of the reason is as follows;
- We import maximum products from abroad as if government decrease tax rate then people start using more vehicles so that there is needed to import more products. If there are more vehicles on the road, it means we would need more petroleum products to run those vehicles
- Due to improper infrastructures if there are more vehicles, in Nepal there are small streets where a large number of vehicles if enter at the same time then it causes huge traffic on the roads.
- In Nepal, Auto-industry is not capable to contribute a large amount of taxes or different sorts of contributions. While foreign currency deposits will not create any rational economic benefit to the country so that nation will have to give up a majority to it.
Road tax for 2 wheelers (Bike, Scooters)
Capacity of Engine Total Amount of Tax
Up to 150cc 15,000 Nepali Rupees
151cc to 250cc 18,000 Nepali Rupees
251cc to 400cc 50,000 Nepali Rupees
401cc and higher 1, 80,000 Nepali Rupees
Annual Renewal Tax for the Two Wheels Vehicles
Capacity of Engine total Amount of tax
Up to 125cc 2,500 Nepali rupees
126cc to 250cc 4,000 Nepali Rupees
251cc to 400cc 8,000 Nepali Rupees
401cc and higher 15,000 Nepali Rupees
Four Wheels Private Vehicles
Capacity of Engine total Amount of tax
Up to 1000cc 19,000 Nepali Rupees
1001cc to 1500cc 21,000 Nepali Rupees
1501cc to 2000cc 23,000 Nepali Rupees
2001cc to 2500cc 32,000 Nepali Rupees
2501cc to 2900cc 37,00 Nepali Rupees
Auto Rickshaw, Three Wheeler, Tempo, Tractors & Power Tiller
Types of vehicles total Amount of tax
Auto Rickshaw, Three Wheelers, and Tempo 5,000 Nepali Rupees
Tractor 4,000 Nepali Rupees
Power Tiller 3,000 Nepali Rupees
Tax Rate for Heavy Vehicles
Category of vehicle total Amount of tax
Dozer, Excavator, Loader, Roller, Tipper, Crane 35,000 Nepali Rupees
Mini-Tipper 25,000 Nepali Rupees
Tax Rate for Buses Mini truck/Minibus 22,000 Nepali Rupees
Truck/Bus 30,000 Nepali Rupees
Public Vehicles Tax Rates
Capacity of Engine total Amount of tax
Up to 1300cc 8,000 Nepali Rupees
1301cc to 2000cc 9,000 Nepali Rupees
2001cc to 2900cc 11,000 Nepali Rupees
2901cc to 4000cc 13,000 Nepali Rupees
4001cc and higher 15,000 Nepali Rupees