MIZORAM ENTRY TAX BILL PASSED

MM-JUN-JUL-2015-52
AIZWAL-THE CAPITAL OF MIZORAM

‘Mizoram Entry Tax Bill, 2015’ was unanimously passed by the Mizoram Assembly on July 9. This bill was introduced by Mr. Lalsawta, who holds the office of State Taxation Minister. With the passing of this bill, the government will now levy entry tax on the import of 45 items. The money collected in the form of entry tax is estimated to bring in Rs. 300 lakh annually to the state government. The government has plans to create a Mizoram Infrastructure Development Fund in order to manage the money collected through this tax. This money will be spent on the development and maintenance of infrastructure in the state.