Government Increases Excise Duty on Alcoholic Beverages in Economic Bill 2083
Summary
The Nepal government has increased excise duty rates on various alcoholic beverages including beer, wine, and medium-strength spirits in the Economic Bill 2083 for the upcoming fiscal year.
Key Points
- The government increased excise duty on beer by up to Rs 15 per liter, raising it from Rs 240 to Rs 255.
- Alcohol-free beer tax was doubled from Rs 45 to Rs 90 per liter.
- Wine excise duty rates increased, with wine having 12-17% alcohol going from Rs 460 to Rs 490 per liter.
- Medium-strength spirits (40 and 50 UP) taxes were increased, while high-strength spirits taxes remained unchanged.
