Income Tax

Begin with the legal identity of the taxpayer, the income year and the nature of the income. Salary, business receipts, investment income and gains on disposal may need different treatment. An individual and a company carrying on a similar activity should not automatically use the same computation.

Keep the accounts, tax adjustments and payment credits separate. Select the relevant income-year legislation before applying a rate, exemption or concession. Match withholding and instalment credits to supporting records, and retain the working that connects the calculation to the filed return.

• Advance Income Tax Instalments in Nepal — Poush, Chaitra & Ashad
• Allowable Business Expenses in Nepal
• Asset Disposals and Capital Gains in Nepal — From Proceeds to Tax Treatment
• Business and Investment Losses in Nepal — Set-off & Carry-forward Guide
• Business Income in Nepal — Income Tax Guide
• Business Income Tax Concessions in Nepal — Section 11 FY 2083/84
• Capital Gains Tax on Land and Buildings in Nepal — FY 2083/84
• Capital Gains Tax on Listed Shares in Nepal — FY 2083/84
• Hotels, Resorts and Restaurants — Fixed Assets, Repairs and Tax Depreciation
• Cooperatives in Nepal — Jurisdiction, Reporting, Tax and AML Responsibilities
• D-01 and D-02 Small Business Income Tax in Nepal — FY 2083/84
• Donations and CSR Expenses — Income Tax Deduction in Nepal FY 2083/84
• Employee Benefits, Grants and Borrowing Costs — Accounting and Tax Bridges
• Employment Income and Taxable Benefits in Nepal
• Entity and Corporate Income Tax Rates in Nepal — FY 2083/84
• Exempt Income in Nepal — Income Tax Act Section 10
• Foreign Tax Credit in Nepal — Section 71 Guide
• FY 2083/84 Individual Income Tax Rates in Nepal
• Income Tax Assessment and Reassessment in Nepal — FY 2083/84
• Income Tax in Nepal — A Practical Overview
• Income Tax Return Filing in Nepal — Form Selection and Preparation
• Investment Income, Financing Costs and Bad Debts — A Nepal Tax Working
• NAS for NPOs in Nepal — Restricted Funds, Reporting and Reconciliation
• Prizes, Windfall Gains and Casino Activity — Nepal Tax and Licensing Distinctions
• Retirement Funds and Retirement Payments — Contributions, Payouts and Tax Records
• Tax Clearance Certificate in Nepal — Procedure, Documents & Online Verification
• Tax Depreciation in Nepal — Rates, Asset Classes & Calculation
• Tax Residency in Nepal — Individuals and Entities

• Finance Act

  IRD

• Tax Acts

  IRD

• Income Tax Rules

  IRD

• IRD Tax Rates and Incentives

  Inland Revenue Department (IRD)

• IRD — Official taxpayer FAQs

  Inland Revenue Department (IRD)

• Income Tax Overview
• FY 2083/84 Individual Tax Rates
• Entity / Corporate Income Tax Rates
• Tax Residency — Individuals
• Tax Residency — Entities
• Employment Income
• Business Income
• Investment Income
• Exempt Income
• Allowable Business Deductions
• Depreciation & Depreciable Asset Pools
• Interest Expense & Financing Costs
• Repairs, Improvements & Capital Expenditure
• Bad Debts & Provisions
• Loss Carry-forward & Set-off
• Disposal of Business Assets & Liabilities
• Capital Gains / Gains from Disposal
• Retirement Payments & Retirement Funds
• Foreign Tax Credit
• Donations & Approved Contributions
• Advance Income Tax Instalments
• Income Tax Return Filing
• Assessment, Self-assessment & Amended Returns
• Tax Clearance, Records & Documentation
• Income Tax Return Form Selection — D-01, D-02, D-03 & D-04
• Presumptive and Turnover-based Taxation
• Tax on Gains from Disposal of Shares & Securities
• Tax on Land & Building Disposal
• Windfall Gains, Prizes & Casino Winnings
• Fringe Benefits — Vehicle, Housing, Loans & Other Benefits
• Tax Exemptions, Concessions & Finance Act Reliefs
• Income Tax for Cooperatives
• Income Tax for NGO/NPO and Exempt Organizations
• Government Grants, Subsidies & Tax Incentives