Tax Filing Process in Nepal
Introduction to Tax Filing in Nepal Tax filing is a critical process for individuals and businesses in Nepal to fulfill their financial obligations to the government. In Nepal, the tax system is governed by various laws and regulations, primarily the Income Tax Act 2058 (2002) and its subsequent amendments. The Inland Revenue Department (IRD) is […]
Property Tax in Nepal: Types, Rate & Process
Introduction to Property Tax in Nepal Property tax is an important source of revenue for local governments in Nepal. It is a tax levied on immovable property like land and buildings owned by individuals and businesses. The Local Government Operation Act 2017 authorizes municipalities and rural municipalities to impose and collect property tax within their […]
Tax Deduction Process in Nepal
Introduction to Tax Deductions in Nepal Tax deductions in Nepal are allowable expenses that taxpayers can subtract from their taxable income to reduce their overall tax liability. The Income Tax Act 2058 (2002) provides the legal framework for tax deductions in Nepal. In Nepal, tax deductions are available for various expenses incurred in the course […]