Green tax to increase revenue, how much has it increased?
लगानी न्यूज
Kathmandu. The government has made important amendments to the provision related to green tax through the upcoming Finance Bill, 2083.
The government through the budget has scrapped excise duty on 360 items and integrated the scattered taxes such as infrastructure development tax, road maintenance and improvement fees collected at the customs point and integrated them into the green tax.TAG_OPEN_div_22 The green tax heading has been increased with the objective of increasing revenue by consolidating the scattered tax headings.
According to the bill, the green tax on petrol has been increased from the previous 1 per liter to 15 per liter.TAG_OPEN_div_20 Road maintenance tax, infrastructure development tax and other taxes have been adjusted in the green tax. Similarly, the price of high-speed diesel has been increased from Rs 1 to Rs 13 per litre.
The government has imposed a 15 percent green tax on electric accumulators, their separator supports, power banks, etc.TAG_OPEN_div_18 Similarly, 5 percent green tax has been levied on vacuum cleaners and their parts. Similarly, 5 percent green tax has been imposed on sparking plugs, distributors, starter generators and other generators.
} The 5 percent green tax has been imposed on telephones used for smart phones, cellular networks or other wireless networks. Similarly, 15 percent tax has been imposed on smart watches and 5 percent tax on networking switches, routers and other items.
Similarly, 15 percent tax has been imposed on microphones and their stands, 10 percent on loudspeakers, headphones and earphones, and 10 percent on SIM cards, memory cards, smart cards, projectors, etc.TAG_OPEN_div_14 Transmission equipment, television cameras, digital cameras, video camera recorders, CCTV cameras, etc., which include storage equipment, will be taxed at 5 percent.
The 15 percent green tax is levied on electrical appliances such as switches, relays, fuses, search suppressors, plugs, sockets, lamp holders, other connectors and optical fibers used to switch or protect electrical circuits or to connect electrical circuits with voltages not exceeding TAG_OPEN_div_12 1,000 volts. It also imposes a 60 percent green tax on electronic cigarettes and vapes.
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