VAT Return Filing in Nepal
What is VAT and who needs to register for it? Value Added Tax (VAT) is an indirect tax levied on the value added to goods and services at each stage of production and distribution. In Nepal, VAT is governed by the Value Added Tax Act, 2052 (1996) and Value Added Tax Rules, 2053 (1997). Businesses […]
Tax Clearance in Nepal
What is Tax Clearance and why is it important in Nepal? Tax Clearance in Nepal is an official certification issued by the Inland Revenue Department (IRD) confirming that an individual or business entity has fulfilled all tax obligations up to a specific date. This certification serves as evidence that the taxpayer has no outstanding tax […]
Excise Duty Registration Process in Nepal
Introduction to Excise Duty Registration Excise duty is an indirect tax levied on the manufacture, sale and consumption of certain goods in Nepal. The Excise Act 2058 (2002) and Excise Regulation 2059 (2003) govern the administration of excise duty in the country. Excise duty registration is a mandatory process for businesses involved in the production, […]