- Nepali Inland Revenue Department published the 2024 Digital Service Tax Act
- Act includes relevant definitions, 2 percent tax rate on digital service transactions for nonresidents
- Exemption limit of 3 million Nepalese rupees per year, with taxes on value exceeding limit
- Fine of 0.1 percent per year for non-submission of return
- 15 percent interest charge for failure to pay tax within three months
- Act came into force on April 13, 2024
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
