VAT Lawyer

Updates to Tax Laws in Nepal, 2023 are the changes and amendments made to the existing tax laws and regulations by the government of Nepal for the fiscal year 2023/24 (2080/81). The updates to tax laws are announced through the Finance Bill, which is presented by the finance minister along with the annual budget. The updates to tax laws are intended to increase revenue collection, promote economic growth, encourage investment, support social welfare, and align with international standards and practices.

Nepal's Tax System : A Guide for Businesses and Individuals is a document that provides a general overview of the tax system in Nepal, including the types, rates and procedures of various taxes applicable to businesses and individuals in Nepal. The tax system in Nepal consists of direct and indirect taxes, which are levied by the federal, provincial and local governments. The tax system in Nepal is based on the Income Tax Act, 2002 (2058), the Value Added Tax Act, 1996 (2052), the Excise Act, 2002 (2058), the Customs Act, 2007 (2064) and other relevant laws and regulations.