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Website. www.ird.gov.np. Inland Revenue Department (IRD) Nepal is the department of Nepal Government under Ministry of Finance, located in Lazimpat, Kathmandu. The IRD is currently responsible for the enforcement of Tax Laws and administration of the following taxes: Income Tax, Value Added Tax, Excise Duty and duties like Entertainment fee ...
Value Added Tax (VAT) is an indirect tax levied on the value creation or addition. The 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 revenue. It is administered by the Inland Revenue Department of Nepal.
v. t. e. The Government of Nepal ( Nepali: नेपाल सरकार) is the federal executive authority of Nepal. Prior to the abolition of the Nepali monarchy in 2006 (Nepal became a republic in 2008), it was officially known as His Majesty's Government . The head of state is the president and the prime minister holds the position of ...
Nepal, officially the Federal Democratic Republic of Nepal, is a landlocked country in South Asia. It is mainly situated in the Himalayas , but also includes parts of the Indo-Gangetic Plain . It borders the Tibet Autonomous Region of China to the north , and India to the south, east, and west , while it is narrowly separated from Bangladesh by ...
The Institute of Chartered Accountants of Nepal (ICAN) was established under a special act, The Nepal Chartered Accountants Act, 1997 to enhance social recognition and faith of people at large in the accounting profession by raising public awareness towards the importance of accounting profession as well as towards economic and social responsibility of the accountants, and to contribute ...
The economy of Nepal is developing category and largely dependent on agriculture and remittances. [6] Until the mid-20th century Nepal was an isolated pre-industrial society, which entered the modern era in 1951 without schools, hospitals, roads, telecommunications, electric power, industry, or civil service.
The Nepal Citizenship Act 1964 was first promulgated on 28 February 1964 and provides for single citizenship for the entire country to inherit Nepali nationality. The Nepal Citizenship Act, 2006 was enacted on 26 November 2006. It repeals the 1964 Act and makes further provisions for the acquisition and termination of Nepali citizenship and ...
The Department of Customs of Nepal is an administration of Government of Nepal under the Ministry of Finance which collects customs duty, Value Added Tax, excise and other taxes at the border points and international airport. The Department of Customs is responsible in contributing to the economic and social prosperity by providing professional ...
The politics of Nepal functions within the framework of a parliamentary republic with a multi-party system. [1] Executive power is exercised by the Prime Minister and their cabinet, while legislative power is vested in the Parliament . The Governing Nepali Congress and Communist Party of Nepal (UML) have been the main rivals of each other since ...
Portal. : Nepal. Mount Everest, Koshi, Nepal. Nepal, officially the Federal Democratic Republic of Nepal, is a landlocked country in South Asia. It is mainly situated in the Himalayas, but also includes parts of the Indo-Gangetic Plain. It borders the Tibet Autonomous Region of China to the north, and India in the south, east, and west, while ...