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Temporary relief measures for Taxpayers in Nepal amidst COVID-19

Extension of due date for filing returns
The due date for filing eTDS, VAT and Excise returns, and payment of TDS, VAT, Excise Duty for the month of Falgun 2076 which becomes due on 25 Chaitra 2076 (7 April 2020) has been extended to 25 Baishak 2077 (7 May 2020).

Due date for Depositing 2nd installment of advance tax
The due date for deposit of the 2nd installment of Advance Tax that would have been due on 30 Chaitra 2076 (12 April 2020) has now been extended to 31 Baishak 2077 (13 May 2020).

Tax relief for contributions to the Corona Infection Prevention Control and Treatment Fund
Any amount contributed by a person (individual, couple or entity) to the Corona Infection Prevention Control and Treatment Fund established by the Government of Nepal and it's state shall be allowed as a deductible expense while calculating taxable income for the current Fiscal Year.

Note: The above points were part of the relief measures announced by the Finance Minister on 29 March 2020.

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