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The Patent, Design and Trademark Act, 1965 (PDTA) stands as the cornerstone legislation governing intellectual property rights related to patents, designs, and trademarks in Nepal. Enacted in 1965 (2022 B.S.), this Act provides the legal framework for registering, protecting, and enforcing these crucial forms of intellectual property within the Nepalese jurisdiction. What is the Patent,...

Can a Foreigner buy Property in Nepal? Foreigners are generally not permitted to directly purchase property in Nepal. The Land Act of Nepal restricts foreign ownership of land and real estate. According to Nepali law, only Nepali citizens and certain categories of companies registered in Nepal can own land and property. However, there is an exception for foreign investors who want to...

Zoning laws in Nepal are regulations that divide land into different zones and specify the permitted uses of property within those zones. These laws aim to control and direct the development of land and buildings in a systematic manner. Nepal has been implementing zoning regulations since the introduction of the Land Use Act in 2019. The zoning system in Nepal categorizes land into various...

Real estate law in Nepal is primarily governed by the Lands Act 2021 (1964) and the National Civil Code 2017. These laws regulate ownership, transfer, partition, inheritance, and management of land and property in Nepal. The Lands Act establishes procedures for land registration, measurement, and valuation. Meanwhile, the Civil Code provides a comprehensive framework for property rights,...

What are Building Permits in Nepal? Building permits in Nepal are official approvals issued by local government authorities that allow property owners to legally construct, renovate, or modify buildings and structures. These permits ensure that proposed construction projects comply with national building codes, zoning regulations, and safety standards. In Nepal, building permits are...

What is VAT Registration? Value Added Tax (VAT) registration is the process by which businesses in Nepal register with the Inland Revenue Department (IRD) to collect and remit VAT on their sales of goods and services. VAT registration provides businesses with a unique VAT registration number that must be used on invoices and tax filings. The VAT registration process ensures businesses are...

What is Corporate Tax? Corporate tax in Nepal refers to the tax levied on the profits earned by companies and other business entities operating in the country. It is a direct tax imposed on the taxable income of corporations and is governed by the Income Tax Act 2058 (2002). The corporate tax system in Nepal follows a self-assessment model, where companies are required to calculate...

Tax law for foreign companies in Nepal is governed primarily by the Income Tax Act 2058 (2002) and its associated regulations. Foreign entities looking to operate in Nepal must navigate a complex system of direct and indirect taxes, as well as comply with various registration and reporting requirements. The standard corporate tax rate for foreign companies in Nepal is 25%, though certain...

The tax structure in Nepal consists of direct taxes like income tax and property tax, as well as indirect taxes such as value added tax (VAT) and customs duties. The Income Tax Act 2002 serves as the primary legislation for income taxation in Nepal, supplemented by annual Finance Acts that may introduce changes to tax rates and provisions. The tax system in Nepal follows a self-assessment...

Tax audits are an essential part of Nepal’s tax administration system, helping ensure compliance with tax laws and regulations. This article provides a comprehensive overview of tax audits in Nepal, including the types of audits, procedures, requirements, and key considerations for taxpayers. What is Tax Audit? A tax audit is an examination of an individual or organization’s...