Nepal Flour Mills' Association (NFMA) has urged the government to withdraw value added tax (VAT) saying that VAT has made it difficult for entrepreneurs to survive. Issuing a press statement, NFMA on Saturday demanded complete withdrawal of VAT. The government is giving 25 per cent exemption in VAT from this year after reducing the 50 per cent exemption last year. The umbrella organization of flour mills also asked for subsidy to tackle the 34 per cent interest rate hike due to liquidity crunch. NFMA has also demanded that the export tax of 15 per cent on chokar (coarse dust of wheat) be scrapped.
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