URP's Books on Nepali Taxation

We are going to start zoom class from 9th of Asar 2082 (morning/evening with tentative 2.5 hours class per day) focusing on past questions of ICAN, covering conceptual part simultaneously with solving the problems.
You can register for the class here
https://forms.gle/mTzJvksSE2r9zfJw6

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https://t.me/+2z8_11aCP5FmMjU1

We wish all our a very happy International Accounting Day 2024

We wish all accountants a very Happy International Accounting Day. It's a day to recognise the important role accountants play in the economy and in helping businesses succeed. As an accounting firm, we are committed to enable strong, sustainable, and inclusive economic growth through quality financial reporting, auditing, and ethical behaviour.
We wish everyone of you a very Happy International Accounting Day 2024

This is helpful to move ahead with current deadline extension chaos. Please go through it and advise your client accordingly.

https://nepaltaxonline.com/article/notice-of-income-tax-return-file-extension-and-its-legality?fbclid=IwY2xjawFeFfNleHRuA2FlbQIxMQABHcEJjQOdf-pTa03k1Oy4yQSBA8mT1W0XKo7HDY2y7xifEEWK9fGAIlrjqg_aem_-VWzTBkVfbO2SkPiMPPiNg

आय विवरण दाखिला गर्ने म्याद सम्बन्धी सूचना र कानूनी व्यवस्था | Nepal Tax Online | Tax Resource, Expertise & Insights Nepal Tax Online is a comprehensive tax knowledge base that provides resources designed to solve your Nepal tax queries and everyday tax problems.

'Tax Certainty' is the first and foremost element to foster favourable investment climate. There must be consistency in interpretation of tax laws to ensure tax certainty. When you have over sixty tax officers interpreting a provision of tax law in a way that is different to your opinion, you should ponder whether your interpretation is correct! But, what we can see from recent tax cases is that we are accusing all our predecessors of having malafide intent in interpreting law, when we have differing opinion.
Further, is total tax claim exceeding the turnover of a taxpayer justifiable claim? Should not we consider the overall economic impact while determining the degree of financial penalty on the matters that are purely the dispute as to interpretation of law?

Wondering about these things, I have found a very good explainer from Janardan Baral of onlinekhabar on recent tax dispute of Cotiviti and sharing the news:

कोटिभिटी मुद्दामा कानुनको अपव्याख्या, ६८ अर्बको आईटी उद्योग धराशायी हुने जोखिम २० चैत, काठमाडौं । नेपालमात्र होइन, संसारका कुनै पनि देशमा वस्तु तथा सेवा निर्यातमा मूल्य अभिवृद्धि कर (भ्याट) लाग.....

कानून निर्माणमा कमजोरी, १०/१२ वर्षसम्म एउटा व्याख्या अनि एकै पटक झ्याम झूम कर असूली ! कानून निर्माण प्रकिया सुधार गरे, कर जोखिम निर्धारण प्रणाली बनाए; विज्ञबाट लिखित राय लिए जोखिम कम हुने थ्यो होला । अहिले त पूँजीगत लाभकरको कुरा मात्र हो, लाभांशको पालो आउन बाँकी छ

मर्जर र प्राप्तिपछि सेयर कारोबारमा दिइएको करछुट असुल्दै सरकार विगतमा गाभ्ने गाभिने तथा प्राप्ति (मर्जर तथा एक्विजिसन) प्रक्रियापछि सेयर कारोबारमा सेयरधनीलाई दिइएको करछुट सर.....

Errata: URP’s Q&A on Income Tax & VAT Yes, it is published today. Go through the following file to update your answers in the book. If you think that an answer is erroneous, please write to me: [email protected]…. errata-on-…

Update: Books are available now at Dhaulagiri book shop from 17th Falgun and from 18th Falgun at Pairavi House and Kitabyatra

Finally, the wait is over. These books are available easily from Wednesday at Dhaulagiri Book Shop, in front of Shankar Dev Campus and limited copies will be made available from Pairavi Book House, New Plaza, Putalisadak.

Go grab your copies soon and be prepared to crack the ICAN CAPII and CAPIII Examinations.

If you don't already know, the income and VAT book also includes bare laws (as per latest amendment) in Nepali language along with unofficial English translation. This makes it fit for professionals and other tax enthusiast as well..

के आलु, प्याज, स्याउको उत्पादन नेपालमा भए त्यस्तो उत्पादनको बिक्रीमा भ्याट नलाग्ने हो र?

Happy Dashain every one!

On behalf of URP Family, we wish you and your loved ones a very happy Dashain!!

Our sincere apologies for the mistakes in the book- URP's Q&A on Income Tax & VAT. The errata is published now.

Errata: URP’s Q&A on Income Tax & VAT Yes, it is published today. Go through the following file to update your answers in the book. If you think that an answer is erroneous, please write to me: [email protected]…. errata-on-…

विजया दशमीको हार्दिक मंगलमय शुभकामना..