Former Minister Ghising Opposes Electricity VAT: Calls for Withdrawal of New Tax Burden

Former Energy Minister Kulman Ghising has strongly urged the government to revoke its decision to impose a 5% Value Added Tax (VAT) on electricity consumption exceeding 50 units per month. This new tax, slated for the upcoming fiscal year 2083/84, is seen by critics as an anti-consumer measure that will directly increase household utility expenses. For the everyday Nepalese investor, this policy translates into reduced disposable income, potentially impacting their ability to save or invest in the NEPSE or other avenues. Such fiscal policies, while aiming to boost government revenue, can inadvertently dampen consumer spending, which is a key driver for economic growth and market stability. The debate highlights a critical junction between government revenue generation and the financial burden on citizens, with potential ripple effects across the national economy.

• MARKET FLASH: Former Energy Minister Kulman Ghising slams new 5% electricity VAT for FY 2083/84, calls it anti-consumer. Direct impact on household budgets! #SamacharSanjal #NEPSE #GoldPriceNepal #StockMarketNepal