Blogs

PAN
March 2

Procedure of PAN registration

Permanent Account Number (PAN) is a unique number allocated to taxpayer by IRD. Any person doing Employment, Business or Profession, Trade in Nepal is required to obtain PAN from IRD. Any person desirous to obtain PAN can voluntarily apply for PAN.

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PAN
April 12

Foreign Direct Investment (FDI)

No Foreign person can investment in Nepal without prior approval of the Department of Industry in Nepal. Any one desirous of making Foreign Investment or Transfer of Technology should file an application to the Department. The minimum amount for FDI is NPR Five Million for the project.

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VAT
April 12

Reverse Charge in VAT - Section 8(3)

This section applies to the construction of Building Apartments, Shopping Complex including Road, Bridge, Electricity Production Center, Hall which are not movable for value more than 50 lakhs.

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VAT
April 12

Reverse VAT under VAT Act, 2052

Generally VAT has to be collected by the person who is registered as per VAT Act, 2052 and engaged in selling of Goods or providing services in Nepal.

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Picture of the authorRavindra PandeyPropriter