Gold and silver traders stage protest at New Road (Pictures)

Setopati

Kathmandu, June 8

Gold and silver traders staged a demonstration at New Road in Kathmandu on Sunday against two new measures introduced by the government.

On Sunday morning, the Gold and Silver Traders and Artisans Struggle Committee protested against the government's announcement to impose a mandatory 2 percent luxury tax on gold jewelry and bring diamond jewelry under the VAT system from the upcoming budget.

They have called for the abolition of the 2 percent luxury tax on gold and the 13 percent VAT on diamond jewelry. They have also demanded the immediate issuance of a consumer, employee, artisan, and trader-friendly act.