Tax Compliance in Nepal
Tax compliance is a critical obligation for small businesses in Nepal. It involves adhering to various tax laws and regulations set by the government. In Nepal, tax compliance for small businesses primarily revolves around income tax, value-added tax (VAT), and other applicable taxes depending on the nature of the business. The Income Tax Act 2058 […]
How to claim Tax Benefits in Nepal?
Introduction to Tax Benefits in Nepal Tax benefits in Nepal are incentives provided by the government to encourage certain economic activities, investments, or behaviors. These benefits are designed to reduce the tax burden on individuals and businesses, ultimately promoting economic growth and development in the country. The Income Tax Act 2058 (2002) and its subsequent […]
Tax Audit Process in Nepal
Introduction to Tax Audits in Nepal Tax audits in Nepal are systematic examinations of an individual or organization’s tax returns and financial records conducted by the Inland Revenue Department (IRD) to verify the accuracy of reported income, deductions, and tax payments. These audits play a crucial role guarantee compliance with Nepal’s tax laws and regulations, […]