Nepal

On 7 September 2026 (22 Bhadra 2083), Nepal’s Inland Revenue Department (IRD) published an information booklet detailing tax exemptions, concessions, and other provisions under the Finance Act 2083. This guidebook aims to assist taxpayers, practitioners, and businesses in understanding the new fiscal measures introduced for the current financial year. The publication covers income tax, value […]

On 7 September 2026 (22 Bhadra 2083), the IRD issued a public notice to address ambiguities and interpretational challenges encountered during the implementation of tax exemptions, concessions, and facilities under the Finance Act 2083. The notice responds to queries from taxpayers and field offices regarding eligibility criteria, scope of exemptions, and interaction with existing tax

On 7 September 2026 (22 Bhadra 2083), the IRD released a targeted notice for individuals and entities conducting business through online platforms, including e-commerce marketplaces, digital service providers, and social media sellers. The notice reminds online entrepreneurs of their obligations to register for VAT, file income tax returns, issue electronic invoices, and maintain digital records.

On 7 September 2026 (22 Bhadra 2083), the IRD published the set of approved application forms required for taxpayers seeking to implement exemptions, concessions, and facilities under the Finance Act 2083. These forms standardize the submission of information for income tax holidays, VAT exemptions on imported machinery, excise duty refunds, and customs duty concessions. The

On 7 September 2026 (22 Bhadra 2083), the IRD released a notice reinforcing the mandatory requirements for issuing tax invoices (bills) under the VAT Act and Income Tax Act. The notice specifies the minimum content of a valid invoice, including seller and buyer PAN, invoice number, date, description of goods/services, quantity, value, VAT amount, and

On 7 September 2026 (22 Bhadra 2083), the IRD published the detailed operating procedures for the Taxpayer Incentive Gift Program for the fiscal year 2083/84. The program encourages voluntary tax compliance by rewarding taxpayers who issue and receive electronic invoices through a transparent lucky draw. The procedures define eligibility criteria, prize categories, selection methodology, and

On 2 September 2026 (17 Bhadra 2083), the IRD prescribed a standardized format for reporting skill development fee (SDF) details, as mandated under the Finance Act 2083. The SDF, levied at 0.5% on the total remuneration paid to employees by certain enterprises, requires quarterly submission of prescribed returns. The new format aims to streamline data

On 1 September 2026 (16 Bhadra 2083), the IRD announced the postponement of the winner selection ceremony for the Taxpayer Incentive Gift Program, originally scheduled for mid-September. The program, launched under the Finance Act 2083, rewards compliant taxpayers through a lucky draw of electronic invoices submitted via the IRD’s e-invoice system. The postponement is attributed

As of 20 August 2026, Nepal’s Inland Revenue Department (IRD) issued a clarification notice concerning the application of value‑added tax (VAT) on digital services supplied by non‑resident persons. The notice interprets the provisions of the VAT Act 2079 and Directive 2079, which bring cross‑border digital supplies into the VAT net. It outlines the registration, invoicing,

On 19 August 2026, the Inland Revenue Department published the list of winning taxpayers for the Taxpayer Incentive Gift Program (TIGP) covering the period Shrawan 16‑31, 2083 (mid‑August 2026). The program, launched to reinforce voluntary tax compliance, awards prizes to individuals and businesses that have filed returns and paid taxes on time for the fiscal