Govt Hikes Taxes on Alcohol, Tobacco, and E-Cigarettes

Avatar photoKirib EditorialNews1 month ago276 ViewsShort URL

The government has increased taxes on alcohol, tobacco, and cigarette products.

While presenting the budget for the upcoming fiscal year 2082/83 in the joint session of the Federal Parliament, Deputy Prime Minister and Finance Minister Bishnu Paudel announced a rise in customs duty on imported alcohol, beer, tobacco, and electronic cigarettes.

Some other customs duty rates have also been adjusted.

There has been a slight increase in the current excise duty, and the scope of the health risk tax has been expanded.

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