Difference between Direct and Indirect Tax?
Taxation in Nepal Difference between Direct and Indirect Tax? Tax Advisor Nepal In this Article, we have covered the differences between Direct and Indirect Tax in Nepal. What is a direct tax? A direct tax is a tax paid directly by an individual or organization to the government. It is imposed on and collected from […]
Indirect Tax in Nepal
Taxation in Nepal Indirect Tax in Nepal Tax Advisor Nepal What is indirect tax in Nepal? Indirect tax in Nepal refers to taxes levied on goods and services rather than on income or profits. The tax is collected by intermediaries from consumers and remitted to the government. Common indirect taxes in Nepal include Value Added […]
Direct Tax in Nepal
Taxation in Nepal Direct Tax in Nepal Tax Advisor Nepal What is direct tax in Nepal? Direct tax in Nepal refers to taxes that are paid directly by individuals and entities to the government based on their income, profits, or property. The key characteristic of direct taxes is that the tax burden cannot be shifted […]
Income Tax Rate in Nepal
Taxation in Nepal Income Tax Rate in Nepal Tax Advisor Nepal What is the income tax rate in Nepal? Nepal has a progressive income tax system with rates ranging from 1% to 36% for individuals. For the 2023/24 tax year, the rates for individuals are: 1% on income up to NPR 500,000 10% on income […]
Tax System in Nepal
Taxation in Nepal Tax System in Nepal Tax Advisor Nepal What is the tax system in Nepal? Nepal has a progressive tax system administered by the Inland Revenue Department. The main taxes are income tax, value added tax (VAT), customs duties, and excise duties. Income tax is levied on individuals and businesses based on income […]
PAN Registration in Nepal
Taxation in Nepal PAN Registration in Nepal Tax Advisor Nepal What is PAN Registration in Nepal? PAN (Permanent Account Number) registration in Nepal is the process of obtaining a unique identification number issued by the Inland Revenue Department to taxpayers. It is mandatory for all individuals and businesses engaged in any income-generating activities. PAN serves […]
Tax (VAT) Refund in Nepal
Taxation in Nepal Tax (VAT) Refund in Nepal Tax Advisor Nepal What is Tax (VAT) Refund in Nepal? Tax refund in Nepal refers to reimbursement of excess VAT paid by businesses or individuals. Under the VAT system, taxpayers pay tax on purchases and collect tax on sales. If input tax exceeds output tax, the difference […]
Tax Clearance Certificate in Nepal
What is Tax Clearance Certificate in Nepal? A Tax Clearance Certificate in Nepal is an official document issued by the Inland Revenue Department. It confirms that an individual or business has fulfilled all their tax obligations up to a specific date. In Nepali, it’s called “Kar Chukta”. This certificate serves as proof that all tax […]
Tax Calculator in Nepal
Taxation in Nepal Tax Calculator in Nepal Tax Advisor Nepal What is a tax calculator in Nepal? A tax calculator in Nepal is an online tool that helps individuals and businesses estimate their income tax liability. It uses the current tax rates and regulations set by the Inland Revenue Department to calculate approximate tax obligations […]
Income Tax in Nepal
Taxation in Nepal Income Tax in Nepal Tax Advisor Nepal What is income tax in Nepal? Income tax in Nepal is a direct tax levied on the income earned by individuals and businesses during a fiscal year. It is governed by the Income Tax Act, 2058 (2002) and administered by the Inland Revenue Department. The […]
