This section provides access to publicly available laws, tax tables, IRD circulars, ICAN standards, statutory forms and professional guidance for reference by clients and the professional community in Nepal.
Deadline for individual and corporate income tax returns for FY 2081/82 is Poush end. AN&A recommends early preparation of all supporting schedules to avoid last-minute penalties.
New budget announced revised tax slabs for individuals, changes to corporate surcharge, and new incentives for hydropower and agriculture sectors. AN&A clients will be briefed individually.
IRD has issued a circular mandating electronic filing of VAT and income tax returns for all registered taxpayers effective Shrawan 2082. Paper filing will no longer be accepted.
ICAN has issued updated pronouncements on NSA 315 (Risk Assessment) and NSA 540 (Accounting Estimates). AN&A has updated all audit programmes accordingly.
| Income (NPR) | Rate |
|---|---|
| Up to 10,00,000 | 1% |
| 10,00,001 – 15,00,000 | 10% |
| 15,00,001 – 25,00,000 | 20% |
| 25,00,001 – 40,00,000 | 27% |
| Above 40,00,000 | 29% |
* Individual natural persons. Verify with current Finance Act.
| General corporate | 25% |
| Banking & finance | 30% |
| Hydropower (special) | 20% |
| Special industries | 20% |
Key reference documents for Nepal's business and accounting community. Links marked 🔗 point to official government / ICAN sources.
Primary legislation governing corporate tax, personal tax, withholding, exempt income and deductions in Nepal.
📄 Open Act (PDF)Governs VAT registration, rates (13%), filing obligations, input tax credits and exempt/zero-rated supplies in Nepal.
📄 Open Act (PDF)Annual Finance Act incorporating tax rate changes, new incentives, amended thresholds and budget provisions.
📄 Open Finance ActsOfficial income tax slabs and TDS rates on salary, rent, service fees, dividends, interest and contract payments under the ITA.
📄 Open Tax RatesGoverns company incorporation, share capital, directorship, AGM requirements, statutory audit obligations and dissolution.
📄 Open Act (PDF)Establishes ICAN, regulates the CA profession in Nepal, defines membership requirements and disciplinary procedures.
📄 Open Act (PDF)Primary legislation governing registration, operation, audit requirements and governance of cooperatives across Nepal.
📄 Open Act (PDF)Banks and Financial Institutions Act — governs licensing, operations, audit, governance and regulatory requirements for BFIs.
📄 Open Act (PDF)The complete set of NSAs issued by ICAN — NSA 200–720 covering objectives, documentation, evidence and reporting.
📄 Open NSA StandardsNFRS standards converged with IFRS — applicable to listed entities and large companies in Nepal.
📄 Open NFRS StandardsSimplified NFRS framework for small and medium enterprises — widely used for cooperative and private company audits.
📄 Open StandardsOfficial IRD circulars covering e-TDS filing requirements, revised timelines, penalty provisions and procedural directives.
📄 Open CircularsNRB directives covering capital adequacy, loan classification, provisioning and reporting requirements for BFIs.
📄 Open DirectivesOfficial income tax and VAT forms, returns and downloadable templates from the Inland Revenue Department.
📄 Open FormsVAT registration application, monthly/quarterly VAT return and VAT refund claim forms available from IRD.
📄 Open FormsStandard-format audit engagement letter per NSA 210 — for use by professional accountants in Nepal.
📄 Open TemplateMonth-by-month tax compliance calendar for Nepal businesses — VAT, TDS, advance tax and annual return deadlines.
📄 Open ChecklistPlain-language guide to NFRS for SMEs — written for business owners to understand their financial reporting obligations.
📄 Open GuidePractical governance guide covering audit committee requirements, financial reporting and regulatory compliance under Cooperative Act 2074.
📄 Open GuideEngagement-specific documents, reports and correspondence are shared directly with clients through secure channels. Access details are communicated to clients at the commencement of each engagement.
Clients may access engagement documents and correspondence shared by the firm. All documents are treated with strict confidentiality in accordance with professional obligations under the ICAN Code of Ethics.
For access enquiries:
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Enquiries regarding specific legislative references, IRD circulars, ICAN pronouncements or other professional materials may be directed to the firm.