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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).
Nepal leads with the newest car sales of electric vehicles in 2023 with 83% of new car purchases being electric. [1] Nepal has witnessed significant growth in the adoption of electric vehicles (EVs), fueled by a combination of favorable policies, rising environmental awareness, and cost-effectiveness. As of 2023, around 45,000 electric vehicles ...
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
The vehicle sales tax is a tax imposed by city and state governments on the purchase of the car. The rate can vary from state to state and in some instances from county to county.
Private cars registered after July 2008 are taxed at the tax rates based on the vehicle's carbon dioxide emissions. The tax bands for CO 2 emissions range from €120 pa for 0-80 g/km to €2,350 pa for >225 g/km. Commercial vehicle tax is based on GVW, regardless of engine size or CO 2 emissions, and range from €333 to €900 pa.
For the purpose of vehicle registration Vehicle & Transport Management Act, 2049 (1992) and Vehicle & Transport Management Rule, 2054 (1997) of Nepal, classifies vehicles into the following 5 main categories on the basis of size and capacity: [3]
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Microstates such as San Marino, Andorra and Liechtenstein have high rates of car ownership. Countries and territories listed by the number of road motor vehicles per 1,000 inhabitants are as follows. Population figures are from the United Nations Statistics Division unless otherwise specified. [1]