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Freelancer Taxes in Nepal: Understanding the 5% Tax, PAN Registration, and Tax Clearance

More and more people in Nepal are becoming freelancers. They work for companies in other countries, doing jobs like writing, making websites, or giving advice. This way of working is good for both the freelancers and the foreign companies.  Freelancers in Nepal like this because: Foreign companies like hiring Nepali freelancers because: The Nepali government … Read more

All About Festival Allowance / Dashain Bonus in Nepal

Nepal, a country rich in cultural diversity, celebrates numerous festivals throughout the year. Among these, Dashain and Tihar stand out as major celebrations that bring families together and light up the nation with joy and festivities. As the festive season approaches, employees across Nepal eagerly anticipate not just the celebrations but also a significant financial … Read more

OCR Mandates Digital Signatures to Companies: Progress or Hurdle for Nepal’s Businesses?

In a move that signals a major shift in Nepal’s corporate landscape, the Office of the Registrar of Companies (OCR) has announced the implementation of a mandatory digital signature system for corporate services. This initiative, spearheaded by the Government of Nepal’s Ministry of Industry, Commerce and Supply, aims to modernize business processes and enhance transparency. … Read more

National Identity Card (NID) Mandatory for Company Registration and Renewal

The Government of Nepal has announced a significant update regarding the registration and renewal of companies. As per the provisions published in the Nepal Gazette on 2081.03.10, it is now mandatory to submit a National Identity Card (राष्ट्रिय परिचयपत्र) or Identity Card number for these processes. Key Details: This update applies to all concerned stakeholders, … Read more

Nepal Amends VAT Rules: New Tax Invoice Formats Introduced (New VAT Bill Format 2081/82)

Kathmandu, July 22, 2024 — The Government of Nepal has announced significant updates to the Value Added Tax (VAT) regulations with the publication of the Forty sixth Amendment to the VAT Rules, 2081, in the Nepal Gazette. The amendment introduces revisions to Schedule5, Schedule5A, and Schedule6, which pertain to the formats for tax invoices and … Read more

Company Registration Compulsory for Outsourcing or Freelancing in Nepal

The Ministry of Communication and Information Technology has recently unveiled a draft of the Bill on Information Technology and Cybersecurity, shedding light on regulations concerning outsourcing within industrial business operations. According to the proposed provision, both individuals and companies engaging in outsourcing activities are required to register their businesses in accordance with existing laws. Outlined … Read more

Supercharge Your Business in Nepal: 7 Easy Steps for More Customers and Sales

In the bustling world of Nepal’s businesses, getting noticed is crucial. To empower entrepreneurs and small business owners in Nepal, we unveil seven straightforward yet powerful strategies that can elevate your business to new heights. From the simplicity of business cards to the warmth of personalized visuals, these techniques are tailored for local success. Let’s … Read more

Power of Proactive Selling: A Guide to Transforming “No” into Opportunity

In the fast-changing world of sales, it’s really important to understand the differences between proactive and reactive selling. This guide goes deep into proactive selling, showing you ways to turn a bunch of “no’s” into lots of chances. Get ready as we explore the twists and turns of proactive selling, finding out the secrets that … Read more

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