The Kathmandu Home Rent Tax is currently causing hardship for many people. As the country transitions to a three-tiered system, local governments have begun to rely on the house rent tax as their primary source of revenue, which has increased tax collection. For a long time, the legal framework for classifying and taxing residential rent …
If you would like to learn more about the Electric Vehicle assembly in Nepal then please go through this read. The new Nepal’s budget for 2079/2080 makes significant changes to FDI. Previously, a minimum investment of 5 million was required; now, a minimum investment of 2 million is required. Tax breaks for investments in electronic …
The government has extended the personal income limit for fiscal year 2079/2080. It is a boon to low and middle-income earners. The government previously imposed a 1% tax on personal income up to NPR 4,00000 (four lakh )per year; however, income earners earning up to NPR 5 ,00000 (five lakh) may now pay a 1% …
A capital gains tax is a tax levied on the profit made on the sale of non-professional property. According to Subsection 4 of Section 2(r) of the Income Tax Act of 2058 (2002), if there is a capital gain on nonprofessional property, a Capital Gain Tax must be paid. There is a rule in place …
You must be interested in learning more about VAT and PAN. PAN is a number given to any individual for the purpose of tax identification. A PAN certificate is issued following PAN registration. The aforementioned PAN number is VAT registered. There is no distinction between VAT and PAN numbers. When registering under PAN, the same …