Excise duty is a form of indirect tax levied on the manufacture, sale, and consumption of specific goods within Nepal. The legal framework for excise duty in Nepal is primarily governed by the Excise Act, 2058 (2002) and the Excise Rules, 2059 (2003). These legislative instruments provide the foundation for the implementation and administration of excise duty in the country. In Nepal, excise duty registration is a crucial legal requirement

Value Added Tax (VAT) is a consumption tax levied on the value added to goods and services at each stage of production and distribution. In Nepal, VAT was introduced on November 16, 1997, through the Value Added Tax Act, 2052 (1996). This tax system replaced the previous sales tax regime, aiming to create a more efficient and transparent taxation structure. VAT is an indirect tax where the ultimate consumer bears

In the realm of taxation and financial governance in Nepal, the Permanent Account Number (PAN) plays a pivotal role. This comprehensive guide delves into the intricacies of PAN registration in Nepal, providing essential information for individuals and businesses alike. By understanding the process, requirements, and implications of PAN registration, you can ensure compliance with Nepalese tax laws and contribute to the nation’s economic development. I. What is PAN? The Permanent

The payment gateway business in Nepal has witnessed significant growth in recent years, driven by the increasing adoption of digital payment solutions and e-commerce platforms. As per the Nepal Rastra Bank (NRB) Payment Systems Oversight Report 2021/22, the total volume of digital transactions in Nepal reached 1.2 billion, with a value of NPR 7.5 trillion. This surge in digital payments has created a fertile ground for payment gateway businesses to

International Non-Governmental Organizations (INGOs) play a crucial role in Nepal’s development landscape. These organizations contribute significantly to various sectors, including health, education, poverty alleviation, and disaster relief. However, to operate legally and effectively in Nepal, INGOs must navigate a complex regulatory framework governed by specific laws and regulations. The primary legislation governing INGOs in Nepal is the Social Welfare Act, 2049 (1992), which provides the legal basis for the registration

Foreign Direct Investment (FDI) in Nepal’s pharmaceutical sector represents a significant opportunity for both international investors and the nation’s healthcare infrastructure. The Government of Nepal, recognizing the potential for economic growth and improved medical access, has implemented policies to encourage FDI in this critical industry. The pharmaceutical sector in Nepal is governed by the Department of Drug Administration (DDA) under the Ministry of Health and Population. The legal framework for

Trademark infringement is a serious legal issue in Nepal, governed by the Patent, Design and Trademark Act, 2022 (1965). This act provides the legal framework for protecting intellectual property rights, including trademarks. In Nepal, a trademark is defined as any word, symbol, or device used to distinguish goods or services of one entity from those of others. The Department of Industry (DOI) is the primary authority responsible for trademark registration

I. Introduction to Hydropower Contracts in Nepal Hydropower contracts in Nepal are legally binding agreements that govern the development, construction, operation, and maintenance of hydroelectric power projects. These contracts play a crucial role in Nepal’s energy sector, given the country’s vast hydropower potential. According to the Nepal Electricity Authority (NEA), Nepal has an estimated hydropower potential of 83,000 MW, of which only about 2% has been harnessed as of 2023.

The Land Acquisition Act, 2076 (2019 AD) is a pivotal piece of legislation in Nepal that governs the process of land acquisition for public purposes. This Act, which replaced the previous Land Acquisition Act of 2034 (1977 AD), aims to streamline the land acquisition process while ensuring fair compensation and protection of landowners’ rights. The Act is a crucial instrument in Nepal’s development efforts, facilitating infrastructure projects, urban development, and

International trademark registration in Nepal is a crucial process for businesses seeking to protect their intellectual property rights in the Nepalese market. Nepal, as a member of the World Trade Organization (WTO) since 2004, has aligned its intellectual property laws with international standards. The Patent, Design and Trademark Act, 2022 (1965) governs trademark registration in Nepal, providing a legal framework for both domestic and international trademark protection. In Nepal, the