Government set to remove VAT on electricity
Summary
The government is set to remove VAT on electricity after Energy Minister Biraj Bhakta Shrestha and Finance Minister Swarnim Wagle reached an agreement to take the proposal to the Cabinet. The move follows widespread criticism of the tax imposed from the current fiscal year on household and industrial consumers.
Key Points
- Energy Minister Biraj Bhakta Shrestha and Finance Minister Swarnim Wagle have agreed to remove VAT on electricity.
- The finance minister will take the proposal to the Cabinet for a formal decision.
- VAT was introduced on electricity from the current fiscal year, with 5 percent on households and 13 percent on industrial and other non-household consumers.
- The government is preparing to отмена the tax after widespread criticism, and the prime minister is also said to be positive about the move.
