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Value added tax (Nepal)

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This is an old revision of this page, as edited by Shyamsunder (talk | contribs) at 10:16, 20 March 2018 (removed Category:Economy of Nepal; added Category:Taxation in Nepal using HotCat). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Value Added Tax (VAT) is an indirect tax levied on the value creation or addition. Concept of VAT in Nepal was introduced in FY 2049/50 but the act was developed in BS 2050. VAT was implemented in 1998 and is the major source of government's revenue. It is administered by Inland Revenue Department of Nepal.

VAT Rates in Nepal

There are two rates of VAT: Normal VAT rate is 13%, some goods or services are subject to VAT at 0%. In addition some goods or services are exempt from VAT.[1]

References

  1. ^ VAT Act, 2052
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