Demand for abolition of luxury tax on gold

Ashad 18, 2082

Kantipur Reporter

Demand for abolition of luxury tax on gold

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The United Political Dalit Struggle Committee expressed solidarity with the demands of businessmen that the government should cancel the 2% luxury tax on gold and 13% VAT on precious stones through the budget of the financial year 2082/083.

The coordinator of the committee, Daljit Sripali, issued a statement on Wednesday and demanded that the gold customs should be maintained at 6 percent like in neighboring India, clear policies and regulations should be created for the gold and silver business, and the fair and just demands of businessmen should be fulfilled immediately.

Gold and silver businessmen have been protesting for 15 days after the next year's budget was announced. Nepal gold and silver businessmen and Kaligarh struggle committee have announced a nationwide movement and have been protesting together.

Section 254 of the National Civil Code Act, 2074 has made gold a ritual and culture of Nepali society. Shripali has said that the demand to cancel the 13% value added tax (VAT) levied on precious stones such as diamonds and jewels used in gold ornaments is justified.

"The United Political Dalit Struggle Committee has drawn serious attention to the government's neglect of the demands of the Kaligarh and business-friendly gold and silver law, the establishment of a gold bank to legalize the purchase and sale of gold, the need to protect and promote the skills of Nepali Kaligarh jewelry producers and ensure employment," the statement said, "The United Political Dalit Struggle Committee has called for an immediate meaningful dialogue with the protestors to solve the problem." strongly demands.'

Kantipur

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