Nepal's Finance Minister, Janardan Sharma, delivered the Budget for the fiscal year 2022/23 (2079/80 Nepal year) on 29 May 2022. The main direct tax measures include:

• An increase in the basic allowance for personal income tax purposes to NPR 500,000 for individuals and to NPR 600,000 for couples;
• An increase in the maximum amount of deductible insurance premiums for personal income tax purpos…