Finance Ministry denies agreement on electricity VAT withdrawal
Summary
The Finance Ministry has denied reports that it agreed to withdraw value added tax on electricity tariffs. Minister Swarnim Wagle’s secretariat said no such meeting or discussion took place and that ministry agencies are only studying possible consumer relief measures.
Key Points
- The Finance Minister’s secretariat rejected reports of an agreement to withdraw VAT on electricity tariffs.
- Chief personal secretary Nabin Dhungana said no meeting or discussion was held on the matter last Sunday evening or during the previous week.
- The ministry said agencies are only discussing and studying ways to ease the issue for consumers.
- Officials said reports of an “agreement in principle” to restore the VAT exemption were not factual.
