Submit your Article

Revenue collection from land and housing transactions has increased by 13.89 percent to Rs 33.2bn over the first nine months of fiscal year 2024/25.

According to the Department of Land Management and Archive (DoLMA), revenue collection from land and housing transactions in the same period of the previous fiscal year stood at Rs 29.15bn. Capital gains tax (CGT) from such transactions also rose by 17 percent in the nine-month period. That total CGT collections from land and housing transactions from mid-July 2024 to mid-April 2025 remained at Rs 12.8bn, up from Rs 10.32bn collected between mid-July 2023 and mid-April 2024.

An official from the DoLMA said the increase in CGT is due to the rise in land valuation and the revised property assessment rates introduced this fiscal year. A five percent CGT is levied on profits from land sales within five years, while the rate drops to 2.5 percent for sales after that period. Despite the higher revenue, the DoLMA noted that real estate transaction volumes have not improved compared to the previous fiscal year.

Land Revenue Offices collect various taxes, including registration fees, under nearly half a dozen categories from real estate transactions. Among these, capital gains tax is the largest source of revenue after registration fees. According to the DoLMA, land revenue offices across the country have collected an average monthly revenue of Rs 3.68bn this fiscal year. Similarly, the monthly average CGT collection has remained at Rs 1.34bn over the first nine months of 2024/25.

The real estate market, which had been declining since early 2025, saw a sudden surge in Chaitra (mid-March to mid-April). The DoLMA recorded 49,832 transactions nationwide during the month—the highest so far this fiscal year. The first quarter of 2024/25 saw total revenue collections of Rs 10bn from land and housing transactions. While the collection started strong in Shrawan with Rs 3.83bn, it gradually declined to Rs 3.09bn in Bhadra and further to Rs 3.08bn in Ashoj, indicating a slowing trend in real estate activity during the initial months.

The second quarter began with a concerning dip, as revenue plummeted to Rs 2.7bn in Kartik—the lowest monthly collection in the fiscal year. However, the market rebounded strongly in Mangsir with Rs 3.87bn, followed by an even better performance in Poush at Rs 4.25bn. This remarkable recovery pushed the second quarter’s total to Rs 10.82bn. The third quarter maintained this positive momentum, with total revenue of Rs 3.87bn in Magh and climbing to Rs 4.12bn in Falgun. The quarter peaked in Chaitra with Rs 4.39bn–the highest monthly collection recorded so far this fiscal year. This brought the third quarter’s total to Rs 12.38bn.
 

The Yari Customs Office in the northern Humla has come into operation after a gap of four months.

The office remained closed since December 25 due to extreme cold weather. The customs service resumed after office Chief Ramraj Jaisi returned to Hilsa.

"The office was closed after informing the Customs Department since snow started accumulating in the area. It came back into operation from Sunday," Office Chief Jaisi said.

The road section here was completely closed for traffic after snowfall during the winter. It is expected that the transport service will also come into operation soon as the Hilsa-Simkot road project has started removing the snow.

Import of goods from Taklakot will also resume once the transport service comes into operation.

The price of gold has dropped by Rs 1, 400 per tola in the domestic market on Monday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 188, 300 per tola today. It was traded at Rs 189, 700 per tola on Sunday.

Similarly, the price of silver has dropped by Rs 20 and is being traded at Rs 1,970 per tola today.

Tea worth Rs 3.57 billion has been exported till April 13 of the current fiscal year 2024/25, starting July 16, 2024.

Tea exports are expected to reach Rs 4.5 billion this year, according to the National Tea and Coffee Development Board.

Board official Chandra Puri said Nepal's tea sector has created around 60,000 jobs and there are 171 tea estates and 120 small and medium tea processing centres.

According to him, tea was grown on a total of 20,760 hectares of land across the country in the fiscal year 2023/24. During this period, 27 million kilograms of processed tea was produced. There are 15,203 tea farmers in the country.

Puri informed that 16.5 million kilograms of tea worth Rs 3.63 billion was exported in the previous fiscal year.

Meanwhile, the Board has decided to organize a tea exhibition at Harihar Bhawan in Pulchowk today on the occasion of the 29th National Tea Day. The exhibition has been organized with the objective of promoting Nepali tea in the international market.

Puri said that discussions would be held among the representatives of tea farmers, workers, cooperatives, entrepreneurs, business persons and concerned organizations amidst the exhibition of tea produced in different districts of the country at one place.

The theme of the National Tea Day this year is 'Healthy Tea, Sustainable Market, Foundation of Prosperous Nepal'.