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काठमाडौंमा वायुको गुणस्तर: ६५

Printing industry collapsed due to high tax rates: President Tiwari

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The printing businessmen have complained that they have been hit hard by the government's industrial and customs policy. The businessmen have said that about 28 percent tax will be levied on paper and raw materials related to printing in a press conference before the meeting of the Central Committee of Nepal Printing Industry Federation which started in Hetounda on Tuesday.

Printing industry collapsed due to high tax rates: President Tiwari

"The government's system of 15 percent customs duty and 13 percent VAT on paper and raw materials, and 28 percent tax, is ruining the indigenous printing industry," said Federation Central President Bishnu Tiwari. He said that due to the wrong policy of the government, 4000 printing businessmen and about 90000 workers are facing problems.

Businessmen said that the domestic industry has been hit by tax exemptions and low taxes on books, industrial labels and packaging materials that are printed abroad and imported into Nepal. "When the indigenous printing industry is heavily taxed, our industries are starting to collapse as they are unable to compete with foreigners," Tiwari said.

According to the data of the last ten months, they claim that 4 billion 80 million rupees worth of printing materials were imported from abroad and exports equal to 40 million 38 million rupees. The businessman said that he has also submitted an 11-point attention letter to the government to be addressed in the budget that will be made public today.

प्रकाशित : जेष्ठ १५, २०८१ १२:०३
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