Prime Minister Balen Shah Responds to Electricity VAT in Budget
Summary
Prime Minister Balen Shah explained that a 5 percent VAT on electricity consumption above 50 units will fund the expansion and upgrading of Nepal's electricity infrastructure.
Key Points
- Prime Minister Balen Shah responded to questions about VAT imposed on electricity in the upcoming fiscal year's budget.
- A 5 percent VAT will be charged on electricity consumption exceeding 50 units to raise funds for infrastructure expansion and upgrading.
- The VAT revenue will be used to enhance capacity of transformers, transmission lines, and substations across Nepal.
- The government aims to strengthen electricity infrastructure to support increased electricity usage nationwide.
