Taxation
Will the Tiger Roar in Nepal? Decoding the Interim Order in Dolma
Originally published at: Tax Notes
Practice area
Taxation in Nepal
Advice and representation on income tax, VAT, excise, assessments, appeals, transfer pricing and tax disputes.
When legal advice may help
Do you need to respond to a tax issue or plan a transaction?
A tax question may arise before a transaction, during a filing or after an assessment or notice. The tax type, documents and response deadline determine the immediate next step.
- You have received an assessment, demand, audit query or information request.
- A transaction requires income-tax, VAT or excise review.
- A return, withholding or transfer-pricing position is disputed.
- An objection, administrative review or appeal deadline is approaching.
Services
Work within this practice area
- Income tax, VAT and excise advice
- Tax assessments and objections
- Revenue Tribunal and court appeals
- Transaction and compliance review
Before an initial review
What should you prepare?
- the return, assessment, notice or disputed decision;
- ledgers, invoices, contracts and payment records;
- correspondence with the tax authority; and
- the assessment period and next objection or appeal deadline.
What happens after you contact the firm?
A lawyer reviews the notice, tax position and supporting records, identifies the response route and calculates the applicable filing deadline. Advice, objection or representation is scoped after that review.
What affects scope and fees?
Tax periods, number of issues, transaction records, authority stage and filing urgency affect scope and fees. The firm confirms both after checking the assessment and documents.
What should you keep in mind?
Tax objections and appeals may have strict deadlines and deposit requirements. A general publication cannot determine the treatment of a transaction without its contracts, invoices and payment facts.
Legal updates and guides
Publications about taxation
Taxation
Press release regarding the formal notice of amendment in the domestic tax law that incorporates anti-treaty shopping provisions relating to its key treaty partners.
This document is a formal notice to Nepal’s treaty partners, including countries like Norway, Thailand, Sri Lanka, Austria, Pakistan, China, and South Korea to inform them about…
Taxation
Formerly Araniko Development Bank, now Century Bank Ltd., V. Thula Taxpayer Office, 078-RB-0026
Share Issue Expenses . Share issue expenses is revenue expenses and cannot be disallowed as capital expenses. आयकर ऐन, २०५८ अनुसार शेयर निष्कासन खर्चलाई पुँजीगत प्रकृतिको खर्च…
Taxation
Arihant Multi Fivers Ltd v Large Taxpayer Office; 077-RB-0154
Proportionate disallowance interest in Fixed Deposits करदाताले यो आ.ब. २०७१/७२ व्यवसायमा तरलताको अभाव देखाई विभिन्न बैंक तथा वित्तीय संस्थाहरुबाट कर्जा लिएको र सो कर्जा बापत खर्च…
Taxation
M.A.W. Earthmovers Pvt. Ltd. V. Big Taxpayer’s Office; 077-RB-165
Indirect holding (अप्रत्यक्ष स्वामित्व) is not counted for change in control section 57 एम. ए. डब्लु. अर्थमुभर्स प्रा.लि. को आ.व. २०७१।७२ मा चुक्ता पूँजी रु.३ करोड ५० लाख मात्र…
Taxation
Ncell Pvt. Ltd. v. Department of Internal Revenue; 077-RB-0189
एकै विषयमा फरक फरक मापदणड लिन र आदेश गर्न मिल्दैन पुनरावेदकले दुर संचार सेवा विस्तारको लागी L/C मार्फत आयत गर्ने दुर संचारका टावर तथा उपकरण/समान वापत विदेशी आपूर्तिकर्तालाई गरिने…
Speak with a lawyer
Discuss a tax assessment or transaction
Send the notice, tax period, supporting records and the next filing deadline.