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About Us

Welcome to our blog Artha Bichar Nepal. Our mission is to connect with Nepalese Entrepreneurs, StartUps, and Business Enthusiasts. We aspire to be your go-to learning center, offering insights tailored for navigating the Nepalese business landscape.

Our content primarily delves into business and startup management, with a special emphasis on Accounting and Finance, Taxation, Company Registrar Office Compliance, and other operational facets. Recently, we've expanded to cover fundamentals of Personal Finance and even delved into the Sharemarket. We're committed to growing with you, so please don't hesitate to share your feedback in the comments or reach out to us at arthabichar@gmail.com.

If you have any questions or need insights on our areas of expertise, feel free to reach out via Email. We're committed to responding within 2 working days.

Now, you might be wondering about the face behind this blog. By profession, I'm a Chartered Accountant with over a decade of experience in accounting and finance. I'm on a mission to promote tax literacy among fellow Nepalese, urging them to consider it in every financial decision, be it personal or corporate.

Additionally, we offer comprehensive financial management services to support your financial endeavors. For appointments, either email or DM me on my LinkedIn Page.

Interested in my personal blog? You can subscribe them below:

Looking for Finance and Accounts related jobs, I do produce a weekly newsletter that is published every Friday. You can subscribe them below: 

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Tax Collection Agency codes for IRD Offices all over Nepal

Inland Revenue Department Nepal has published the agency codes that shall be used for the collection of direct and indirect taxes for the general public's information. Each code consists of 9 numbers. There are in total 59 agency codes currently in use. From these codes, we can classify that there are four types of IRD offices currently in operation. 1) Inland Revenue Office 2) Tax Payer Service Office 3) Large Tax Payer Service Office, and 4) Medium Tax Payer Service Office When shall you use these codes? It shall be used while choosing the agency where the tax should be deposited while completing the form for depositing the taxes. Agency Code list below: S.N. Agency Code Name Address 1 305011620 Inland Revenue Office Lahan 2 305030201 Tax Payer Service office Phidim 3 305030301 Tax Payer Service office Illam 4 305030401 Tax Payer Service office Khandbari 5 305030601 ...
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Online Payment of Taxes in Nepal: Process prescribed by Inland Revenue Department

Nepal Government has officially enabled the online payment of taxes levied by Inland Revenue Department per the decision of 2074/11/11. E-Payment (Online) Payment of taxes services is available to only those: a) who have availed Self Verification Service from Tax Payer's Office, thus, have username and password to log on to IRD  Tax Payer's Portal b) who have linked their company's bank account with Connect IPS , online payment service provider recognized by Nepal Government and managed by Nepal Clearing House Limited (NCHL) and thus, have a username and password. Those who do not have their bank account linked can easily do so by following the process below: Open www.connectips.com Create your Account ( Mobile No., Email id and Date of Birth is Mandatory for verification) Note Username and Password just entered while creating your account You will receive a verification code on your mobile and email, please input that get your account verified.  Now, to link ...
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Nepalese VAT Act: Understanding VAT Claims for Food Expenses in Business

Introduction: Determining whether a business can claim VAT against food expenses depends on the nature and purpose of the expenditure. Let's walk through a checklist to find the answer: 1) Was it a Business Expense?      If yes, proceed to question 2. Otherwise, VAT cannot be claimed. 2) Was it for Entertainment Purposes?      If yes (e.g., staff retreat, gatherings, farewells), VAT cannot be claimed. Otherwise, it may be eligible. VAT Act and Regulations: Rule 41 of VAT Regulation specifies that certain services or goods are not eligible for input tax credit under Sec 17 of the Nepalese Income Tax Act. These include: 1) Beverages (excluding mineral water, as clarified in the directive) 2) Alcohol or alcohol-based beverages like whiskey and beer 3) Petrol for vehicles 4) Entertainment expenses In the case of food expenses, it's crucial to determine whether they fall under the category of entertainment expenses. This encompasses activities that provide perso...
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