Government hikes excise duty, road tax on two-wheelers
KATHMANDU: The government has hiked excise duty and road tax of two-wheelers through a replacement bill. As a result, the price of motorbikes and scooters will be more expensive.
The government, which has been levying 270 percent tax on vehicles, has increased the excise duty and road tax on two-wheelers.
Scrapping the budget ordinance introduced by the erstwhile KP Sharma Oli-led government, Finance Minister Janardan Sharma has imposed additional tax on the replacement bill.
Now, the price will be increased in the motorbikes from 125 cc to 155 cc.
The government has increased the road tax of two-wheelers above 125 cc and up to 155 cc by Rs 3000 each.
The government has also increased the tax of two-wheelers with less than 125 cc in the name of road maintenance charge.
Now, the price of various models of motorbikes and scooters of brands like Suzuki, Yamaha and Aprilia among others will go up.
Now, the prices of NMax 155 cc of Yamaha, SZ 150 cc, FZ 16 FI 150 cc, FZ FI V3 150 cc, FZS FI DD 150 cc, FZS FI V3 150 cc, MT 15 155 cc and R15 155 cc will be increased.
Similarly, the prices of Hero Hunk 150 cc, R 150 cc, Honda CB Unicorn, Aprilia SR 154 cc, Vespa VXL 149 cc, Benelli 150 cc will also be increased.
The erstwhile government used to charge 40 percent excise duty on the motorbikes with 155cc and from 155 cc to 250cc.
The incumbent government has levied 40 percent excise duty on the motorbikes above 125 cc through the replacement bill.
The government has decided to charge 50 percent excise duty on 125 cc to 200 cc motorbikes.
The government’s this decision will not be applicable on the two-wheelers assembled in Nepal. TVS and Bajaj company have been assembling two-wheelers in Nepal.
The government, however, will increase the road tax by Rs 3000 on the bikes.