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.


  • 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)


Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Budget positive but challenging for implementation: NCC – |

Nepal Chamber of Commerce (NCC) has observed that the budget government brought…

NAV of Mega Mutual Fund 1 Stands Below Par Value in the Month of Baisakh – |

The NAV report of “Mega Mutual Fund 1 (MMF1)” has been unveiled…

Too Many Bad News in Single Day: NEPSE Loses 2.17% and Closes at 2,661.44 – |

The NEPSE index closed at 2,661.44 today after losing 58.99 points from…

SEBON Approves 5 More Institutional Investors to Participate in IPOs Via Book-Building Process – |

Securities Exchange Board of Nepal (SEBON) has chosen five more institutions to…

Last Day to Apply for IPO of Emerging Nepal Limited – |

Emerging Nepal Limited is closing its IPO issue today. Investors have till…