We use Google Cloud Translation Services. Google requires we provide the following disclaimer relating to use of this service:
This service may contain translations powered by Google. Google disclaims all warranties related to the translations, expressed or implied, including any warranties of accuracy, reliability, and any implied warranties of merchantability, fitness for a particular purpose, and noninfringement.
Gold and silver traders have demanded abolition of luxury tax on gold and 13 per cent value added tax on diamond-gemstones.
The government has announced a 2 percent luxury tax on gold and 13 percent VAT on diamonds and gemstones in the 2082/083 budget. The businessmen said that such tax is not practical and demanded to cancel it immediately. After meeting Finance Minister Bishnu Prasad Paudel, the businessmen, who submitted a letter of attention, have announced a street protest by closing their shops on Thursday and Friday.
Nepal gold and silver businessman and coordinator of Kaligarh Sangharsh Committee Bipin Ramudam said that he met Finance Minister Paudel on Wednesday and drew his attention to it. He says that there is no alternative to canceling the taxes imposed unnecessarily by the government. We have met Deputy Prime Minister and Finance Minister Bishnu Prasad Paudeljiu and demanded that such tax should be abolished. Now there is a program to protest by closing the shop,' he said.
The Nepal Gold and Silver Business Federation, the Nepal Gold and Silver Gems and Jewelery Federation and the Nepal Handicrafts Federation have jointly announced a protest from Thursday regarding the tax imposed by the government. Nir Bahadur Bishwakarma, President of the Nepal Gold, Silver Gems and Jewelery Federation, informed that the businessmen in Kathmandu valley are preparing to protest on New Road after closing their shops on Thursday.
