Business and Taxation
Professional's Guide on Business and Taxation laws applicable for doing business in Nepal
Friday, May 10, 2024
Registration and De-Registration of PAN and VAT in inland revenue department in Nepal
Thursday, May 9, 2024
Set - Off, Carry Forward and Set - Off of Business Losses:
Tuesday, July 18, 2023
VAT on Air Travelling
Introduction of VAT on Airlines Services (Air Travelling)
Application for Registration shall be given by filling an online form
An application for registration under VAT shall be given (online form).
Foreign company (Airlines) shall submit an operating license issued by respective authority.
Credit of Input VAT on Purchases
If there is any Stock/ Inventory item on which VAT had been paid credit can be claimed by filling up a form Annexure - 16, for any item which was purchased within previous 12 months of date of registration.
Such form shall be filled within 15 days of registration into VAT.
VAT Invoice to be issued
1. Amount Charged by Airlines Service Company |
XX |
2. Add: Add: Profit Margin (commission) |
XX |
Total |
100 |
3. Add: Value Added Tax (VAT) |
13 |
Total |
113 |
Internal Travelling (within Nepal)
All internal airlines' services collect VAT on ticket price.
Income From Business - Nepal
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