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The recent upheaval in the Kathmandu Valley's vegetable markets, specifically the shortage of potatoes and onions, demands urgent attention from the government authorities. While the decision to impose Value Added Tax (VAT) on imported vegetable items like potatoes and onions may not be inherently flawed, the chaos ensuing from its implementation necessitates a careful reevaluation of the strategy. ....
KATHMANDU, Dec 8: The Inland Revenue Department (IRD) has explicitly stated that there will be no value-added tax (VAT) on products such as potatoes, onions, and apples produced in Nepal. In the current fiscal year's budget, the government had imposed VAT on certain items that were previously exempt from VAT. ....
Cauliflower, a common winter season vegetable, was priced at a multi-year low of Rs15 per kg in the Kalimati fruits and vegetable market on Tuesday. ....
While a series of measures by India to tighten food, exports has pushed up local prices, the government is making life harder for Nepalis by increasing taxes on food, say analysts. ....
Nepalis hit by rising prices every which way Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region. ....