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Welcome and Correct interpretation by IRD regarding Preference shares and sec 57 of the Income Tax Act 2058 As per the circular, a change of ownership in preference shares of a company does not trigger section 57 (change of control). However, to avail this benefit,...
1. Introduction Industrial Enterprises Act, 2076 (2020) was introduced by repealing the Industrial Enterprises Act, 2016 (the “Previous Act”). The Act is a principal legislation for registration, establishment and pre/post operational compliances of industry. No...
A foreign permanent establishment (FPE) in Nepal is defined as a fixed place of business or dependent agency of a non-resident foreign entity carrying on business activities in Nepal, which is treated as a separate taxable entity under Nepalese tax law, with...
With the rapid growth of digital technology, e-commerce has transformed how people buy, sell, and deliver goods and services. In Nepal, the Electronic Commerce (E-Commerce) Act, 2081, provides a dedicated legal framework for regulating online business activities,...
Introduction The digital economy has expanded rapidly in Nepal over the last decade, transforming business models, consumer behavior, and revenue collection dynamics. Digital service platforms ranging from e-commerce marketplaces and ride-sharing applications to...
1. Introduction When a company is incorporated in Nepal under the Companies Act, 2063 (2006), its capital is divided into shares, and ownership is represented through those shares. Shareholders are the true proprietors of a company, and their rights and obligations...
An Overview of Appellate Remedy of Taxation in Nepal Appeal: The Rationale Behind it The aforesaid quotation was borrowed from the famous American Supreme Court Justice’s remarks on the case concerning to Brown v. Allen [Brown v. Allen, 344 U.S. 443] emphasizing upon...
