Introduction Taxation is a critical component of any country’s economic framework, providing the necessary resources for development and governance. Nepal’s taxation system, while evolving, is characterized by its unique structure and numerous challenges. This blog explores the various aspects of the Taxation System of Nepal, including its structure, types of taxes, challenges, and...
Value Added Tax (VAT) in Nepal is a consumption tax levied on the value added to goods and services. Here’s a breakdown of the concept, rules, and filing returns related to VAT in Nepal: Concept: Consumption Tax: VAT is a type of consumption tax. It is borne by the final consumer but collected at each stage of the production and distribution chain. Value Addition: VAT is levied on the value...