Can You Claim VAT on a Company-Owned Motorcycle? Understanding the Rules for Two-Wheelers
I have a question regarding VAT recovery on vehicles. I was recently informed that VAT cannot be claimed on two-wheelers, even if the vehicl...
Latest Articles
Filing Taxes in Nepal with Both Salary and Business Income: A Practical Guide
Many individuals in Nepal find themselves in a situation where they earn income from a salaried job while also running a small business. Thi...
Maximizing Tax Benefits: Understanding Insurance Premium Deductions in Nepalese Income Tax
Question: If an employee is not enrolled in any retirement fund but has paid 40,000 for life insurance or 10,000 for health insurance, shou...
Can You Pay Vehicle Taxes in a Different Province's Transport Management Office in Nepal for a Vehicle Registered Elsewhere? Like Koshi to Gandaki?
Introduction Nepal's transformation into a federal state with seven provinces has brought about a distinct shift in governance. Each pro...
How to avoid fine on Bluebook renewal, Vehicle Tax payment and Pollution Check in Nepal?
In my reflections as a blogger, I often wonder why, despite my best efforts, I consistently end up paying fines during vehicle tax payment a...
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What is Permanent Account Number (PAN)? Do we need to renew it each fiscal year?
The Permanent Account Number (PAN) is a unique identification provided to every taxpayer in accordance with Section 78 of the Nepalese Incom...
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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...
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Updated Process to obtain Tax clearance certificate FY 2079/80: Online is no longer possible in Nepal.
Introduction: Ensuring you have a valid tax clearance certificate is crucial for both individuals and entities. Previously, obtaining it onl...
Windfall Gain Tax (आकस्मिक लाभमा कर) per Nepal Income Tax Act
Nepal's Income Tax Act defines Windfall gain as a gain obtained by means of lottery, gift, prize, tips, share of earning in a game (जित...
How much profit can an entity registered on PAN/VAT can make?
Profit is a financial gain from the difference between Selling Price and Purchase Price. Higher the gap between selling price and purchase p...
Nepal Tax Q & A - TDS of House Rent
Question: Where to submit the TDS of house rent if there is an agreement between entity and entity. a) Inland Revenue Office or b) Local Wa...
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Covid-19 related Tax relief for Fiscal Year 2077/78
Nepal government has announced significant tax waivers for the industry which have been hard hit by Covid such as hotels, travels, trekking,...
Download Income Tax Act 2058 updated through Finance Ordinance 2078
There are numerous reforms made by the Finance Ordinance 2078 in the Income Tax Act 2058. The biggest winner seems to be Small businesses ha...
What is Presumptive Tax for resident person having Income from Business in Nepal?
Presumptive taxation involves the use of indirect means to ascertain tax liability, which differs from the usual rules based on the taxpayer...
How long should I keep tax records & underlying accounting documents per Nepal's Income Tax?
Every year one has to go through thousands and thousands of documents before coming up with the final tax return that gets submitted to Inla...
Informants Reward Program under Nepalese Income Tax Act
We see lots of posts on Facebook, Instagram, and TikTok around how to become a millionaire or billionaire. Most of them repeat the same thin...
Do you know your rights as a Taxpayer?
We all are aware that taxes needs to be paid on any income earned from the income generating activities. There is no way we can remain untou...
I am Nepali working for a Foreign Company, will I be liable for tax?
Applicability of tax depends on the residential status as defined by Income Tax Act. It has nothing to do with citizenship status. A natura...
How to find out your residential status for Income Tax?
The income tax liability of a person depends on the residential status in Nepal. What we need to understand is that it has nothing to do wit...
Who gets taxed in Nepal?
Who gets taxed in Nepal? Isn’t that straight forward question? The simple answer would be whoever earns an income. But, believe me.. it isn...
