Understanding of Income Tax Act 2058!!

Here, we present our existing and prospective clients a brief understanding of Income Tax Act 2058. It covers basic knowledge to be gathered to understand Nepalese Taxation system and highlights several areas of Taxation System including employment, business, proprietorship and partnership firms and other areas. Please go through the presentation and leave us a comment and feedback for possible improvements.

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Amendment of Income Tax Act & VAT for F.Y 2075/76 (2018/19)

Every year, several acts and rules are amended by government through different bills. On 28th May, 2018( 16th Jestha, 2075) Finance Ministry through finance bill has amended prevailing income tax act 2058 & VAT Act 2052 to be effective for fiscal year 2075/76(2018/19). Existing tax rates and exemption slab rates have been reviewed by Finance Bill as well as new taxation rates have also been introduced to widen the tax coverage area. We have prepared a summary of changes made by Finance Act to be effective for F.Y 2075/76(2018/19). Please visit https://ird.gov.np/ for  detailed knowledge of the amended act and rules.  

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Finance Bill 2076(आर्थिक बिधेयक २०७६)

With the formulation of Annual Budget  for fiscal year 2076/77 drafted by Honorary Finance Minister , Mr. Yuvaraj Khatiwada, finance bill 2076 has been enacted which has revised existing income tax act, rules, VAT Act & rules, Excise Act & rules. Comparative overview of the amendment of the income tax act, vat act, excise act and corresponsing rules and regulations will be published soon. Please keep on visiting our site for further materials. 

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