VATupdate

Share this post on

Nepal: 2024 Digital Service Tax Act

The Nepali Inland Revenue Department has published the 2024 Digital Service Tax Act, which includes: relevant definitions, a 2% tax rate on the value of digital service transactions for non-residents, an exemption limit of 3 million Nepalese rupees (US$22,351) per year, a 0.1% fine per year for non-submission of a return, and a 15% interest charge for failure to pay tax within three months after the income year. The Act entered into force on April 13, 2024.

Source GlobalVATcompliance


Click on the logo to visit the website


 

Sponsors:

VAT news
VAT news

Advertisements: