Search results
Results from the WOW.Com Content Network
6.9% (for minimum wage full-time work in 2024: includes 20% flat income tax, of which first 7848€ per year is tax exempt for low-income earners + 2% mandatory pension contribution + 1.6% unemployment insurance paid by employee); excluding social security taxes paid by the employer
Inland Revenue Department (IRD) Nepal is the department of Nepal Government under Ministry of Finance, located in Lazimpat, Kathmandu.The IRD is currently responsible for the enforcement of Tax Laws and administration of the following taxes: Income Tax, Value Added Tax, Excise Duty and duties like Entertainment fee (Film Development Fee).
The economy of Nepal is a developing category and is largely dependent on agriculture and remittances. [6] Until the mid-20th century Nepal was an isolated pre-industrial society, which entered the modern era in 1951 without schools, hospitals, roads, telecommunications , electric power, industry, or civil service.
17 March – 2023 Nepalese vice presidential election: Ram Sahaya Yadav of the People's Socialist Party, Nepal is elected 3rd Vice President of Nepal, defeating Asta Laxmi Shakya of the CPN (UML) and Mamata Jha of the Janamat Party. [20] 19 March – Free Student Union elections are held in TU-affiliate campuses for the first time in 14 years.
22 August – The government lifts a ban on TikTok that had been imposed since November 2023. [ 19 ] 23 August – A bus carrying Indian pilgrims on its way to Kathmandu to Pokhara plunges from the Prithvi Highway into the Marshyangdi River near Anbu Khaireni , killing at least 27 people and injuring 16 others.
Reducing the earlier six payable slabs for computing individual income tax to five in the New Tax Regime, the Finance Minister proposed higher threshold limit of ₹3 lakh from existing ₹2.5 lakh for taxpayers. [17] new Slab The implementation of improved limits in tax slabs is said to provide significant relief to taxpayers under the new regime.
Nepal Financial Reporting Standards (NFRS) are designed as a common global language for business affairs so that company accounts are understandable and comparable within Nepal. The rules are to be followed by accountants to maintain books of accounts which are comparable, understandable, reliable and relevant to users internal or external.
The Institute of Chartered Accountants of Nepal (ICAN) was established under a special act, The Nepal Chartered Accountants Act, 1997 to enhance social recognition and faith of people at large in the accounting profession by raising public awareness towards the importance of accounting profession as well as towards economic and social responsibility of the accountants, and to contribute ...