The National Assembly today endorsed a 10 per cent tax on interest exceeding Nu 300,000 in a year, from both fixed deposits and dividends. This means interest income up to Nu 300,000 will be exempt from tax. After a heated debate, the house endorsed the Economic and Finance Committee’s revised recommendation. Yesterday, the committee proposed exempting interest up to Nu 500,000 and dividends up to Nu 100,000. The provision was passed as part of the Income Tax (Amendment) Bill 2025, which now moves to the National Council for further deliberation.
Samten Dolkar
