Industry

FNCCI demands review of luxury tax and VAT on gold, diamonds, and precious stones

KATHMANDU: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has urged the government to reconsider the proposed 2% luxury tax on gold and the 13% Value Added Tax (VAT) on diamonds and other precious stones introduced in the budget for the fiscal year 2082/83 (2025/26). The FNCCI...

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