Hello readers, if you are going to buy a new bike or already have one, you have to know the taxes rate of your vehicle. In this article you will be provided a complete guide regarding the tax rate of bike in Nepal in 2081/2082.
Introduction
Owning a bike in Nepal comes with the responsibility of paying an annual tax. In the context of Nepal, the tax rate depends on the engine capacity of your motorcycle or scooter. Because of the road conditions of Nepal due to its hilly geography, taxes may vary for bike of different engines. Here we will discuss the taxes of different bike and scooter.
Bike Tax Rates by Engine Capacity:
In Detail:
Up to 125cc: NPR 3,000 per year
These bikes are often smaller in size and preferred for their fuel efficiency and affordability. Examples include scooters and entry-level motorcycles.
126cc to 150cc: NPR 5,000 per year
A popular category among Nepali riders, these bikes balance power and affordability, making them ideal for daily commuting.
151cc to 225cc: NPR 6,500 per year
Bikes in this category offer more power and are often chosen by enthusiasts who enjoy touring or longer rides.
226cc to 400cc: NPR 12,000 per year
These bikes are usually mid-range touring or adventure motorcycles.
401cc to 650cc: NPR 25,000 per year
Designed for high-performance needs, these bikes are less common but cater to serious riders.
651cc and above: NPR 35,000 per year
This category includes superbikes and luxury motorcycles, which require significant investment in both purchase and maintenance.
Additionally, you should pay for the renewal charge of NPR 300 annually. Renewal charges is to renew your blue book which is same for all bikes.
Electric Vehicles (EVs) Tax Rates:
> 350 watts to 1000 watts: NPR 1,500 per year
> 1001 watts to 1500 watts: NPR 2,000 per year
> 1501 watts and higher: NPR 3,000 per year
Penalties for Late Tax Payment:
If you fail to pay your bike tax on time, fines will be imposed based on how late the payment is:
> Within the first 30 days: 5% fine
> Up to 45 days: 10% fine
> Within the same fiscal year: 20% fine
> For delays up to 5 years (per year): 32% fine
For delays exceeding 90 days, the fines are calculated from the expiration date noted in the bike’s bluebook. However, for older fiscal years (2072/73 to 2079/80), a 16% discounted fine is applicable.
Why Timely Tax Payment Matters?
Paying your bike’s tax and insurance on time ensures legal compliance and hassle-free riding. Failing to do so can lead to legal complications, fines, and even restrictions on using your vehicle. Keeping your bluebook updated not only helps avoid penalties but also ensures smooth renewal processes. So timely tax payments are quite necessary for your bike and for your pocket.
Insurance Requirement:
Third-party insurance is mandatory for all bikes in Nepal. The premium rates are also based on engine capacity:
> Up to 149cc: NPR 1,715 per year
> 150cc to 250cc: NPR 1,941 per year
> 251cc and above: NPR 2,167 per year
Third-party insurance covers the damages to others in case of accidents, ensuring financial protection and compliance within the law of Nepal.
Important Notes:
> Plan Your Finances: Knowing your tax and insurance finances can help you to budget effectively for your bike-related expenses. So, you should plan for every finance related to your vehicles
> Renew Early: Avoid last-minute rushes by renewing your tax and insurance before the due date.
> Stay Informed: Rules and rates may change, so regularly check updates from the Department of Transport Management or consult authorized service centers.
FAQs
1. When should I pay my bike tax?
You need to pay your bike tax annually. Ensure you check the expiration date in your bluebook and renew it before the due date.
2. What happens if I don’t pay my bike tax on time?
Late payments result in fines ranging from 5% to 32% of the tax amount, depending on how long the payment is delayed.
3. Is third-party insurance mandatory for bikes in Nepal?
Yes, it is a legal requirement. Without valid insurance, you may face penalties and legal issues.
4. Can I pay my bike tax online?
Yes, some regions in Nepal offer online tax payment systems. Check with your local transport office for availability.
5. What documents are needed to renew my bike tax?
You will typically need your bike’s bluebook and a copy of valid insurance to renew the tax.
6. Are there discounts on late penalties for older fiscal years?
Yes, for delays between fiscal years 2072/73 to 2079/80, a 16% discounted fine is applicable.
7. Can I ride my bike if my taxes are overdue?
No, riding a bike with unpaid taxes is illegal and can result in fines or legal action.
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