Doing Business in Nepal

Snapshot of Direct Tax in Nepal (contd.) Resident Taxability of Individual Non-Resident Taxed on the global income earned during the tax year Taxed at a slab rate on the Total Income during a tax year Resident: Place of normal residence is in Nepal; or Taxed only on the income earned or received in Nepal during the tax year Taxed at a flat rate of 25% on the Total Income during a tax year - Stayed in Nepal for 183 days or more in a fiscal year; or - Posted by the Government of Nepal to a foreign country at any time during an year. Employers are required to withhold tax from the salary of employees Return filing deadline for individuals is 3 months from the end of fiscal year, i.e. mid-October of each year. Doing Business in Nepal PwC May 2019 16

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