Tax Registration in Nepal

This section says

The entity registered under Rule, the entity entitled to enjoy tax exemption under Rule shall compulsorily file with the Department a copy of its audited financial statements for an income-year not later than three months after the end of the year. In case where an exempt organization fails to file such the statement, the entity shall not be entitled to enjoy tax exemption until the statement is filed with the Department.

So by knowingly or unknowingly enterprises do not submit their financial statement to Income tax offices. If we do not submit those prescribed reports based on the forms published by the Income tax department, enterprise need to pay penalty and the interest of tax amount.

Now, all the submission needs to go through IRD site and need to submit the hardcopies with proper registration number.

We EG Act private limited is associated with HIGH KNOWLODGEABLE TAX CONSULTANTS for proper statutory and tax auditing.

We are well known about these things and have been doing this work for last 10 years. So if you are having any problem regarding to preparation of financial statement and submission to income tax department, feel free to contact us.

Our charge is based on the hourly basis. We only charge what time we spent to complete your work.