VAT on Electricity to be Removed After Agreement Between Energy and Finance Ministers
Summary
The Energy and Finance ministers have reached a theoretical agreement to remove VAT on electricity in Nepal. Energy Minister Biraj Bhakta Shrestha proposed the move during Monday’s discussions, and Finance Minister Swarnim signaled support.
Key Points
- Energy Minister Biraj Bhakta Shrestha proposed removing VAT on electricity during talks on Monday.
- Finance Minister Swarnim was reportedly positive about the proposal.
- Ministry sources said a theoretical agreement has been reached on the VAT removal plan.
