Nepal Government Announces 50% Tax Cut on Petroleum Products
Summary
The Nepal government has announced a 50% tax exemption on infrastructure and customs duties for petroleum products, reducing the tax burden on petrol and diesel.
Key Points
- The government decided to provide a 50% tax exemption on infrastructure and customs duties on petroleum products.
- Customs duty on petrol currently is 25 rupees 23 paisa and on diesel 12 rupees 2 paisa, with infrastructure tax of 10 rupees each.
- The tax exemption amounts to 17 rupees 50 paisa per liter on petrol and 11 rupees on diesel.
- Previously, petrol was taxed 66 rupees 98 paisa per liter and diesel 49 rupees 28 paisa per liter including other taxes.
