- Nepal has updated regulations for Digital Service Tax (DST) and Value Added Tax (VAT)
- The regulations are effective from fiscal year 2081
- The regulations aim to simplify and streamline the administration of DST in Nepal
- Definitions of terms such as “income”, “service recipient”, “law”, “tax”, and others are provided in the regulations
- Digital service providers must register with the tax office if they meet certain criteria
- Criteria for being considered a digital service provider in Nepal include having a presence in Nepal, using Nepali bank accounts, and conducting transactions in Nepali currency
- The regulations also specify the types of digital services that are subject to DST, such as advertising, online marketplaces, software updates, and more.
Source: ird.gov.np
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.
