The Confederation of Banks and Financial Institutions Nepal (CBFIN), the governing body of banks and financial institutions operating in Nepal, has submitted institutional proposals to the Ministry of Finance on various issues to be addressed with the budget for the next Fiscal Year 2079/80.

Suggestions:

  • Banks’ subsidiaries need to have special provisions for issuing broker licenses.

  • To reduce the income tax (corporate tax) paid by banks and financial institutions from 30% to 25%, just like any other company.

  • To deduct 100% of all expenses incurred by banks and financial institutions for the purpose of income tax calculation under the Institutional Social Responsibility Sister Program (CSR Fund)

  • ShareSansar.com


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