Kathmandu, May 30 -- The government, through the newly announced budget, has extended several tax incentives to promote the information and technology sector, green energy, digital payments, and domestic industries.

One key highlight is the income tax and electricity charge waiver-similar to those granted to special industries-for businesses, hotels, and resorts operating in the information and technology sector.

The government has offered a 75 percent income tax waiver on revenue earned through the export of IT services. Additionally, individuals or companies exporting IT services to foreign countries while operating from Nepal will be subject to only a 5 percent income tax.

Start-up enterprises with an annual turnover of Rs100 millio...