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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Latest Articles
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...
Can restaurant owner/hotelier charge service charge and vat per Nepalese law?
I saw there is a lot of confusion and misconception around what a restaurant can charge. Many people are complaining over social media that ...
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...
Prepaid Dollar Card from Nepal and payment restrictions per latest circular from Nepal Rastra Bank
It has been over a year since Nepal Rastra Bank allowed Nepalese Citizens and business houses to own a prepaid dollar card worth US$ 500 for...
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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...
