Nepal is drafting a new single tax code "to implement tax policy improvements and to consolidate and harmonize the main domestic taxes under one piece of legislation," according to the International Monetary Fund.Read Full Story
President Barack Obama has signed a proclamation that tidies up various outstanding trade tariff issues, including the implementation of US tariff preferences for Nepal and the Central African Republic.Read Full Story
China's Deputy Minister of Commerce, Qian Keming, has proposed that the member countries of the Shanghai Cooperation Organization (SCO) – China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan – should establish a free trade agreement (FTA).Read Full Story
The World Bank said in a recently released report that South Asia's rapid economic growth has not yet translated into significantly higher government revenue generation and improved fiscal balances.Read Full Story
More efforts are needed to improve tax collection in countries in South Asia to address inequality, a new report from the World Bank says. Read Full Story
Nepal's finance minister, Ram Sharan Mahat, has offered a number of tax breaks in the 2014/15 budget, including a 50 percent value-added tax rebate for the tea industry.Read Full Story
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