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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 (Film Development Fee).
All customs check point and offices for revenue collection administered by government of Nepal, ministry of finance, kathmandu. 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.
In Nepal, all road vehicles with or without a motor (except bicycles) are tagged with a registration number. This is issued by the state-level Transport Management Office, a government agency under the Department of Transport Management. [1] The license plates must be placed in the front as well as back of the vehicle.
This is a list of agencies and departments of the federal Government of Nepal. [1] [2] [3] ... Text is available under the Creative Commons Attribution-ShareAlike 4.0 ...
Charging station in government office, Kathmandu. Nepal leads with the newest car sales of electric vehicles in 2023 with 83% of new car purchases being electric. [1] [2] Nepal has witnessed significant growth in the adoption of electric vehicles (EVs), fueled by a combination of favorable policies, rising environmental awareness, and cost-effectiveness.
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.
In addition, for both electric and hybrid vehicles, the taxable value of the car for the purposes of calculating the benefit in kind of a company car under personal income tax is reduced by 40% compared with the corresponding or comparable gasoline- or diesel-powered car. The reduction of the taxable value has a cap of 16,000 kr per year. [40]
A tax is collected under the Local Tax Act of 1950 that is paid every May based on the vehicle's engine's displacement. The tax is then determined by whether the vehicle is for business or personal use. Brackets are determined based on exterior dimensions and engine displacement as defined under the dimension regulations. The tax to be paid is ...