Thursday Dec 2, 2021
Thursday Dec 2, 2021
Civil Bank

Govt clarifies tax on sanitary pads not increased


Nepalnews
2021 Sep 25, 7:36, Kathmandu
The government is planning to draft a white paper on the country's economy.

The government has clarified that no additional tax has been levied on sanitary pads.

The Ministry of Finance expressed its attention towards the fake reports spread through social media and some mainstream media noting the government has increased custom duty in the import of sanitary pads.

The custom duty of 15 percent that has been levied in the import of sanitary pad since 2069/70 BS has been inserted in the Economic Act 2078 BS as it was and no additional tax has been imposed for the same.

"We urge all stakeholders not to be deceived by the fake information that the incumbent government has increased the tax", the Finance Ministry sources said.

Also, MoF clarified that the custom duty of 10 percent that was imposed earlier in the import of raw materials used by domestic industries manufacturing sanitary pads has been reduced to five percent. "The reduction in the import of raw materials has been made to incentivize the domestic industries and contribute to substitute the import".

READ ALSO:

sanitary pads tax Finance Minister government Custom Duty MoF social media fake information
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