The Ministry of Finance in Nepal has taken a significant step to promote a free national market and support farmers and businesses by instructing provincial and local governments to cease charging fees on goods transported through their jurisdictions. This directive, issued on December 9, aims to prevent the imposition of undue financial burdens on farmers and businesses. The Ministry has clarified that levying taxes on goods in transit from other districts is a violation of the Constitution of Nepal.
Through circulars issued by the Office of the Prime Minister and the Ministry of Federal Affairs, the government has emphasized the need to protect farmers and businesses from illegal fee collection on agricultural products. The move is expected to have a positive impact on the national economy, as it will facilitate the free movement of goods across the country and reduce the financial burdens on those involved in the transportation of goods.
The decision is also expected to promote a competitive market, where farmers and businesses can operate without being subjected to arbitrary fees and taxes. By ensuring a free national market, the government aims to encourage economic growth, increase trade, and improve the overall standard of living of the people.
The Ministry’s directive is a significant step towards implementing the principles of the Constitution, which guarantees the right to free movement of goods and services within the country. The government’s move is also expected to reduce corruption and promote transparency in the collection of taxes and fees. By stopping the illegal collection of fees, the government can ensure that the revenue generated from taxes is utilized effectively for the development of the country.
Overall, the Ministry of Finance’s directive is a positive step towards creating a favorable business environment in Nepal. By promoting a free national market and protecting farmers and businesses from undue financial burdens, the government can help stimulate economic growth, increase trade, and improve the overall economic well-being of the country. The move is expected to have a positive impact on the national economy and contribute to the country’s development and prosperity.