Taxation Nepal

27/03/2025

प्यान (PAN) सम्बन्धी केही जान्नैपर्ने कुराहरु । ✨

08/03/2025

क) कर छुटको फाइदा लिने अन्तिम म्याद छ‌ कि म्याद सकिएको हो ?
- म्याद सकिएको छैन् तर २०८१ साल फाल्गुन मसान्तसम्म मात्र छ है ।

ख) ए! उसोभए कुन-कुन कुराको छुट छ त नि ?

१. आय विवरण (Income Tax Return) नबुझाएका करदाताहरूका लागि:

- आय विवरण,‌ कर बक्यौता र लाग्ने ब्याजको २५% कर रकम दाखिला गरे बाँकी लाग्ने थप शुल्क, ब्याज तथा जरिवाना माफ ।

२. भ्याट विवरण (VAT Return) नबुझाएका करदाताहरूका लागि:
- भ्याट विवरण, कर बक्यौता र लाग्ने ब्याजको ५०% कर रकम दाखिला गरे बाँकी लाग्ने थप शुल्क, ब्याज तथा जरिवाना माफ ।

३. प्यान (PAN) नलिएका/नभएका तर कर योग्य आम्दानी भएकाहरुका लागि :
- २०७८/०७९ र २०७९/०८० का लागी आय विवरण पेश गरी PAN लिएर कर तिरेमा, जरिवाना र ब्याज पूर्ण रुपमा माफ (१००% जरिवाना माफ) ।

26/02/2025

💦💦 नेपाल राष्ट्र बैंकले १३ फाल्गुन २०८१ का दिन सार्वजानिक गरेकाे माैद्रिक नीतिकाे अर्धवार्षिक समीक्षाका अनुसार :

१. असल कर्जा (Pass Loan) काे प्राेभिजन दर १.१ बाट १ प्रतिशतमा झारियाे,
२. विधुतिय गाडीकाे ऋण मूल्य अनुपात (Ratio) ८० बाट ६० मा झारियाे,
३. अनिवार्य नगद माैज्दातलाई यथावत राखिएको छ,
४. नीतिगत दर ५ प्रतिशत र ब्जादर करिडर ३ देखि ६.५ प्रतिशत सीमा यथावत,
५. नन डेलिभरेबल फर्वार्डमा प्राथमिक पूँजीकाे सीमा १५ बाट २० प्रतिशत ।

💦💦 नेपाल राष्ट्र बैंकले १३ फाल्गुन २०८१ का दिन सार्वजानिक गरेकाे माैद्रिक नीतिकाे अर्धवार्षिक समीक्षाका अनुसा....

19/02/2025

Share this in your friend circle and let's be together in the world of Taxation !!

For Taxation Nepal Channel
https://t.me/Taxation_Nepal

For Discussion relating to Tax, Vat, Excise and Custom
https://t.me/Discussion_for_Nepalese_Taxation

Discussion for Nepalese Taxation: https://t.me/Discussion_for_Nepalese_Taxation

27/01/2025

Unofficial Translation of Investment Relating Ordinance, 2081 (2025) 🌸

For Study purpose only !!

Aims on amending following course content for CAP II, CAP III and CA Membership:

1. Companies Act, 2063 (2006)
2. Industrial Enterprises Act, 2076 (2020)
3. Foreign Investment and Technology Transfer Act, 2075 (2019)
4. Banks and Financial Institutions Act, 2073 (2017)
5. Arbitration Act, 2055 (1999)
6. Foreign Exchange Regulations Act, 2019 (1962)

Applicability: June 2025 attempt onwards !!

For original document, get it from:
https://www.linkedin.com/posts/mrsubashnepal_investment-relating-ordinance-2081-2025-activity-7289621848374263809-eo4L?utm_source=share&utm_medium=member_android

30/11/2024

💡Fines and Penalties as per Income Tax Act, 2058!!

As return filling period is nearer, every taxpayer are requested to go through this document in order to get relief from additional fines and penalties due to the small mistake, irregularities or misconduct of your Taxpayer Agent or Chartered Accountants firms.

Being in a field of CA, most of the CA's doesnot care about client's fines and penalties.

So, as a taxpayer, you need to be alert, you need to push your agent to file your income tax return before deadline !!

For any queries, feel free to ask or do comment ! ☺️

28/11/2024

Document relating to Income Tax Return Filling!!

There has always been a confusion regarding the filling of Income Tax Return. Since, IRD permits 4 different way to file Income Tax Return based on Annual Turnover and/or Annual Profit, a lot of taxpayer seems to be in dillema in each income year whether they should file D-01, D-02 or D-03.

Here's the summarize version for our different Income Tax Return.
+
Mostly asked question,
Whether a taxpayer falling under jurisdiction of D-01, shall require to file the return??
= Yes, every taxpayer is required to file the return within the given deadline.

08/11/2024

☀️ 1-Day Revisionary Note for Business Concessions and Facilities as per 2081/82 !!

Section 11 of Income Tax Act, 2058

23/10/2024

📍"Issues and their Clarification Relating to Change in Control: Section 57"

Section 57 presents challenges around the interpretation of tax consequences for ownership change. Key issues include Defining Control, Timing of Tax Implications, and Applicability of Exemptions. Clarifications have emerged through Advance Rulings, Directives, and Public Circulars, providing a framework for consistency. Here presented some glance for issues and their clarification made by IRD !! ✨

05/10/2024

📍Applicability of VAT on Printing Services though Printed Books and Copies are a VAT Exempt Items !!😢

19/09/2024

📍Final Call for Training on NBCA !! 📍

We are excited to announce a unique learning opportunity brought to you by "Taxation Nepal", designed specifically for tax professionals, taxpayers impacted by the Income Tax Act, 2058 and aspiring CA aspirants.

Content to be covered:
- What constitutes NBCA?
- Types of assets classified under NBCA
- NBCA tax calculation and computation
- The government’s rationale behind taxing NBCA
- Insights tailored for CA aspirants (CAP II and CAP III)

Key Details:
-Date: 5th Ashwin 2081 (21 September 2024)
-Platform: Zoom Meeting
-Tutor: Mr. Subash Nepal
-Fee: NPR 250/-
-Certificate: Certificate of Participation will be provided to all attendees.

How to Join:
To participate, simply fill out the registration form and secure your spot. We look forward to having you join us in this enlightening session and ensuring that you walk away with a thorough understanding of NBCA.

Kind regards:
Taxation Nepal ❤️

18/09/2024

❣️💞 Celebrating Two Years of "Taxation Nepal": A Beacon of Knowledge ❣️💞

Today, September 19, 2024, we celebrate the second anniversary of "Taxation Nepal", a platform that has become a vital resource for CA aspirants and others navigating Nepalese Taxation. Since its launch on September 19, 2022, the channel has consistently provided valuable insights, simplifying complex tax laws and procedures.

In two years journey, "Taxation Nepal" has evolved from a more than a channel into a community. Through expert guidance and clear content, it has made intricate tax issues understandable for aspiring CAs and individuals impacted by Nepal's Tax System. This dedication to accurate and practical information has earned it a special place in the hearts of its viewers.

As we celebrate this milestone, we reflect with gratitude on the journey of "Taxation Nepal". The channel's commitment to education and empowerment continues to inspire.

Happy 2nd Anniversary, "Taxation Nepal Community" ✨🌹