TDS (tax deducted at source, अग्रिम कर कट्टी) is the tax a payer deducts when making certain payments and deposits with the Inland Revenue Department (IRD). For FY 2083/84 the main rates are: 1.5% on service fees paid to VAT-registered persons and on contracts above Rs 50,000 15% on service fees, commissions and…
Timely and accurate tax compliance is a cornerstone of responsible business practices. Timely tax payments and using the correct revenue codes not only ensure legal compliance but also contribute to the nation's development. Adhering to the updated revenue codes released by the Inland Revenue Department of Nepal<span…
In a commendable initiative to recognize fiscal responsibility and contribution to the national revenue, the Nepalese government, led by Finance Minister Dr. Prakash Sharan Mahat, has honored the highest taxpayers in 16 different categories for the fiscal year 2079/80. This prestigious event, coinciding with National…
This article sets out the key highlights of the Budget Speech and Financial Bill, 2080 outlining the key takeaways for the Fiscal Year 2080/2081 B.S. Please note that these updates are compiled based on their relevance to the private and business sectors in Nepal. 1. Context <p style="
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