History of Income Tax in Nepal
Taxation in Nepal History of Income Tax in Nepal Tax Advisor Nepal This Article briefly covers the History of Income Tax in Nepal along with Future Prospects and Challenges. What is Income Tax in Nepal? Income tax is a direct tax levied by the government on the income earned by individuals and businesses. In Nepal, […]
Tax Exemption in Nepal
Taxation in Nepal Tax Exemption in Nepal Tax Advisor Nepal What is tax exemption in Nepal? Tax exemption in Nepal refers to legally allowed exclusions from paying certain taxes. The Income Tax Act provides for various types of income and entities that are exempt from income tax. This includes exemptions for agricultural income, income of […]
How to pay Tax Online in Nepal?
Taxation in Nepal How to pay Tax Online in Nepal? Tax Advisor Nepal How to pay tax online in Nepal? To pay taxes online in Nepal, taxpayers must first register on the official revenue portal (https://revenue.fcgo.gov.np) using their mobile number and OTP. Once logged in, users select the relevant government office, revenue head, and enter […]
Import Tax Rate in Nepal
Taxation in Nepal Import Tax Rate in Nepal Tax Advisor Nepal What is the import tax rate in Nepal from Foreign Countries? Import tariffs in Nepal generally range from 0-80% ad valorem. Most goods are subject to customs duties between 5-30%. Raw materials and basic goods typically have lower rates of 5-10%, while luxury and […]
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 […]
