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November 20, 2023

Increasing revenue in tourism sector

Kathmandu: The Nepal government has witnessed a recorded increase in its revenue with the collection of nearly 34% of the Value Added Tax (VAT) in the tourism sector as compared to the previous years.

Nepal Tourism Board (NTB) says the increased VAT is due to the gradual disappearance of the COVID-19 pandemic which had almost crippled the Nepali tourism industry two years ago.

The NTB data about the arrival of tourists reveal that over 117,000 tourists arrived in Nepal in the month of October only.

The Inland Revenue Department (IRD) sources say that this influx of tourists has further galvanized Nepal’s internal revenue from the tourism sector from hotels and restaurants.

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