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Nepal’s Fiscal Year 2024-25 Budget: Impact on Businesses and Tax Proposals

  • Budget for fiscal year 2024-25 in Nepal includes tax proposals affecting businesses
  • Proposals include mandatory e-invoicing for VAT-registered taxpayers
  • Scope of permanent establishment to include nonresidents with substantial digital presence
  • Introducing green tax on imports of petroleum and coal products
  • Developing model tax treaty for more tax treaties
  • Indirect tax proposals to apply immediately, direct tax proposals from 16 July 2024

Source: bdo.global

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.

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