What exactly is VAT? Value-added tax (VAT) was implemented on March 20, 1996, with the passage of the new Value Added Tax Act, 2052. (1996). VAT (The value-added tax) is an indirect tax or consumption tax levied on goods and services. The tax will be imposed on the aggregate value of all taxable goods and …
1. What is the definition of income tax? The term “income tax” refers to the Nepalese government’s tax on all individual earnings. The term “Income” refers to any income earned by a person from employment, a profession, or an investment. The provisions governing income tax are found in the Income Tax Act of 2058 (2002). Taxation …
Advocate Alpana Bhandari, who holds an LL.M from American University, authored the article. The author is well-versed in Nepali corporate and banking law. The payment system in the global economy is entirely based on mobile phones. Currently, for payment purposes in Nepal and around the world, Apple Pay, Paypal and WeChat Pay, Alipay, and e-sewa …
This blog is for you if you have been involved in a false cheque bounce case or merely want to be aware of such events in the real world. Everything from a basic definition of a cheque and a cheque bounce to what you can do if you ever find yourself in such a situation …
Nepal has a law that governs international non-governmental organizations (INGOs) 1. What are the laws in Nepal that govern non-governmental organizations? ï The Social Welfare Act of 1992. ï And the Social Welfare Council Rules of 1992 Aside from the Act and the Rules, the Social Welfare Council has issued a set of directives to …