Bagmati Province Increases Yearly Tax Structures For Two-Wheelers

Bagmati Province has revised the yearly tax structures of two-wheelers for 2078/79 B.S. The Monetary Act 2078 issued by Bagmati Pradesh has increased the annual tax on two-wheelers.Although the tax structure for segments above 400cc still remains unchanged, it is the different segments below 400cc that have seen a gradual increase. Given below are the new tax rates as per the revision.[table id=95 /]The new annual tax structure for two-wheelers up to 125 cc engine capacity is Rs. 3,000. Earlier, it was Rs 2,800. Similarly, two-wheelers with engine capacity of more than 150 cc to 225 cc will now have to pay Rs 6,500 in annual tax. Earlier, the annual tax was Rs 5,500. Likewise, the new annual tax structure for two-wheelers from 225cc to 400 cc is Rs 11,000. Earlier, it was only Rs 9,000.The yearly tax structure for two-wheelers between 450cc-650cc and 650cc above remains unchanged.