Sunday, April 26th, 2026

Gold traders ask PM Oli to review luxury tax and VAT rates



KATHMANDU: Gold and jewelry traders have drawn Prime Minister KP Sharma Oli’s attention to the new taxes introduced in the current fiscal year, a 2% luxury tax on gold and a 13% value-added tax on diamonds.

A delegation led by Kisan Sunar, president of the Nepal Gold, Silver, Gem and Jewellery Federation, met the prime minister to seek a long-term solution, including the formulation of business-friendly policies and guidelines.

According to the federation, the prime minister assured the delegation that the issues raised would be seriously studied through the relevant ministries and necessary steps would be taken to address them.

The delegation included federation special member Sureshman Shrestha, advisor Jyotsna Shrestha, general secretary Nir Bahadur Bishwakarma, executive committee member Prasun Jalan, office chief Ram Maharjan, and Bipin Ramudamu, coordinator of the Nepal Gold and Silver Traders and Artisans Struggle Committee.

Publish Date : 13 August 2025 12:40 PM

Trump escorted out of White House correspondents’ dinner after suspected gunfire

WASHINGTON DC: US President Donald Trump was swiftly escorted away

Farmers growing more aware of pesticide use in vegetables

BANKE: Farmers engaged in commercial vegetable farming in Banke are

Cloudy skies and scattered rain expected across Nepal

KATHMANDU: A mix of westerly and local wind systems is

Trump calls off US officials’ Pakistan visit for Iran war talks

WASHINGTON DC: US President Donald Trump has scrapped a planned

422 disaster incidents reported in 12 days

KATHMANDU: A total of 422 disaster-related incidents have been recorded