Kathmandu, February 28: The government has made a slight revision in the tax imposed on infrastructure development. The tax on infrastructure development was first introduced by then finance minister Bishnu Poudel in 2073/74. As the national pride project, this tax was implemented on the Budhigandaki Hydropower Project.
A total of Rs 41 billion has been raised so far with the tax of Rs 5 per liter in petroleum products at the customs points. The amount is used for compensation to the land acquired for the project.
With the latest revision, the government increased the tax to Rs 10 per liter petroleum product at customs points. The decision to this effect was made by the Cabinet decision four days back.
According to Finance Minister, Dr. Yubaraj Khatiwada said the tax now onward would be imposed on aviation fuel as well. According to him, Nepal Rastra Bank would get a new governor in the third week of March. In response to a question of whether he would be continued as National Assembly member, Dr. Khatiwada requested everyone to have patience till March 4, the day to conduct the swearing-in ceremony of new members of the National Assembly. RSS
