Tax Compliances under Income Tax Act: For Companies in Nepal

Corporate Tax Obligations and Filing Schedules in Nepal

The Income Tax Act mandates that all incorporated businesses operating in Nepal maintain strict tax accounts and submit timely filings to avoid penalties.

1. Estimated Tax Filings

Companies must submit estimated tax returns and make installment payments thrice every fiscal year (by mid-January, mid-April, and mid-July).

2. Annual Income Tax Return

A final audited financial statement and tax return must be filed within three months of the fiscal year-end (subject to extension requests).

3. Tax Deducted at Source (TDS)

Firms are obligated to deduct TDS on payments such as rent, interest, service charges, and royalties, filing these deductions monthly.

Rajiya Law Associates provides tax planning, audit support, and representation in tax dispute resolutions before the Revenue Tribunal.