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.
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.
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.
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.