Introduction to Tax for NRNs Non-Resident Nepalis (NRNs) have specific tax obligations in Nepal that differ from those of resident Nepalis. The Income Tax Act 2002 (ITA) governs the taxation of NRNs in Nepal. According to Section 2(ao) of the…
Introduction to Customs Duty and Taxes in Nepal Customs duty and taxes are essential components of Nepal’s fiscal policy and international trade regulations. These levies are imposed on goods imported into or exported from Nepal, serving multiple purposes including revenue…
Introduction to Corporate Tax Planning Corporate tax planning is a strategic approach used by businesses in Nepal to manage their tax liabilities efficiently while complying with applicable laws and regulations. It involves analyzing a company’s financial position, identifying tax-saving opportunities,…
Tax compliance is a critical obligation for small businesses in Nepal. It involves adhering to various tax laws and regulations set by the government. In Nepal, tax compliance for small businesses primarily revolves around income tax, value-added tax (VAT), and…
Introduction to Tax Benefits in Nepal Tax benefits in Nepal are incentives provided by the government to encourage certain economic activities, investments, or behaviors. These benefits are designed to reduce the tax burden on individuals and businesses, ultimately promoting economic…
Introduction to Tax Audits in Nepal Tax audits in Nepal are systematic examinations of an individual or organization’s tax returns and financial records conducted by the Inland Revenue Department (IRD) to verify the accuracy of reported income, deductions, and tax…
Introduction to Tax Assessment in Nepal Tax assessment is a critical process in Nepal’s taxation system, governed by the Income Tax Act, 2058 (2002). It involves the evaluation of a taxpayer’s financial information to determine their tax liability. In Nepal,…
Introduction to Tax Planning in Nepal Tax planning is a strategic approach to managing financial affairs to minimize tax liability within the bounds of Nepali tax laws. In Nepal, tax planning involves analyzing one’s financial situation and identifying legal ways…
Introduction to VAT in Nepal Value Added Tax (VAT) was introduced in 1997 through the Value Added Tax Act, 2052 (1995). VAT is levied on the sale, exchange, transfer, import, and export of goods and services in Nepal, except for…
