Concession of Tax, Interest and Fees

Section 21 (of Finance Act):

If any Individual (Natural Person) who has not filed The Return of Income Tax during or before F.Y. 2072/73, Files the return of F.Y. 2071/72 and F.Y. 2072/73 and pays tax therein, within Paush end, 2075, The Income tax and Fees and charges before such period shall be waived.

If any person who has not filed the Return of VAT upto Ashad end, 2074, files such return and pays the tax dues therein within poush end, 2075, the Interest, fines and penalties in such tax shall be waived.

Finance Act, 2075

Infrastructure Tax (Section 9:

NPR 5/- shall be imposed on the import of Air Fuel, Petrol and Diesel at the customs Point.

Road Construction Fees (Section 10):

This fees is charged on the registration of any vehicle within Nepal.

Road Repairs and Maintenance (Section 11):

Per Liter NPR 4 on Import of Petrol and NPR 2 on the Import of Diesel shall be collected at customs point.

Cinema Development Fees (Section 12):

Cinema Development Fees shall be charged as per schedule - 4 on the ticket sales.

Pollution Control Fees (Section 13):

NPR 0.50 per liter of petrol and diesel. It should be collected by the importer and is to be deposited by within 25 days of the next month. If not deposited, 15% interest is charged.

Telephone Ownership Charge (Section 14):

• New Line NPR 1000/-. It is also charged when transfer of the line.
• 2% of the sales value is charged from Prepaid sim cards.
• It is to be collected by the telecom service provider and shall be deposited into revenue account of the government within 25 days of the next month. If not deposited within the deadline, Interest @ 15% shall be charged.

Telecom Service Fees (Section 15):

Telecom Service fees is charged @ 13% from customers on sale of Telephone, Mobile or Internet services by the service provider.

Payment of such fees shall be made within 25 days. If not deposited within deadline, 5% additional charge shall be charged.

Casino Royalty (Section 16):

Casinos shall pay annual NPR 4 Crore. If games are played through machines / equipment NPR 1 Crore shall be charged.

One License shall be valid only for one place.

Payment of Royalty shall be made within 2 months from the start of Financial Year (Shall be paid within Bhadra End). Payment has to be made to Ministry of Culture, Tourism and Civil Aviation.

If payment is not made within the time limit, interest shall be charged @15% of such fees. if delay is done for more than 3 months, 15% additional fees is charged.

Administration of Casino Royalty is done by the ministry of Culture, Tourism and Civil Aviation.

Education Service Fees (Tax)

Banks, while providing foreign exchange to the students going abroad study, shall collect education service fees at the rate of 2%.

The Banks collecting such tax (fees) shall deposit the amount to the Income tax revenue account within 25 days of the next month.

Income Tax Slab as per Budget 2075-76