VAT has not been imposed on locally produced potatoes, onions and apples in Nepal

Published 2023년 12월 8일

Tridge summary

In response to protests and disruptions in the supply of agricultural products, the Inland Revenue Department has clarified that there will be no value-added tax (VAT) on domestically produced items such as potatoes, onions, and apples in Nepal. This comes after the government had imposed VAT on some items that were previously exempt, leading to protests and supply disruptions. Wholesale traders at the Kalimati Fruit and Vegetable Market ceased the import and sale of potatoes and onions, leading to shortages and price hikes in the market before the clarification was issued.

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Original content

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. Protests erupted at the Kalimati Fruit and Vegetable Market Development Committee as traders claimed that the government had imposed VAT on domestic products. In response to this, wholesale traders at Kalimati ceased the import and sale of potatoes and onions, resulting in a shortage and a significant price hike in the market in the capital city. However, the IRD in a notice on Friday made it clear that no VAT will be levied on domestic products. "The IRD has taken note of various media reports indicating a disruption in the supply of agricultural products, including potatoes and ...

Source: Nagariknetwork