Nepalese traders suspend potato and onion imports

Published 2023년 6월 14일

Tridge summary

Nepal's potato and onion traders have ceased imports of these staple foods following the government's imposition of a Value-Added Tax (VAT) on fresh produce. The finance minister, Prakash Sharan Mahat, defended the move, stating that it would deter imports and not impact consumers negatively. However, farmers' associations have opposed the move, arguing that it will ultimately harm consumers with already rising prices. The finance bill imposes a 13 percent sales tax on a variety of imported vegetables and fruits.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Nepalese potato and onion traders have stopped importing these must-have vegetables after the government imposed VAT on them. Finance Minister Prakash Sharan Mahat defended the move by recently telling parliament that taxing vegetables would discourage imports and would not harm consumers. Farmers' associations, however, do not believe that argument. They have submitted a memorandum to the Treasury Department urging that VAT on fresh produce be reversed, as it harms consumers who are already suffering from rising prices. The finance bill imposed a 13 percent sales tax on imported onions, potatoes, garlic, peas, frozen green leafy vegetables, kale, ...
Source: AGF

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