Nepal’s cigarette excise duty raised “slightly”

An excise duty-increase will raise the prices of cigarettes in Nepal from tomorrow, according to a Republica story. A similar increase will affect also alcohol.

The budget for Fiscal Year 2015-16, which the Minister for Finance Ram Sharan Mahat presented on Tuesday, raised the excise duty on cigarettes by up to 11 percent and that on alcohol by up to 10 percent.

The government increased the excise duties on cigarettes and alcohol last year also.

“Though tax rates on most of the products have been left unchanged, the government has slightly increased excise duty on cigarette and liquor,” the Revenue Secretary Nabaraj Bhandari was said to have told Republica.