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VAT refund system in Nepal Design and implementation

A mixed system of immediate refund to the exporters and carries forward to the following four months (six months initially) for others was designed under the Nepali VAT system.

International experience indicates that the VAT refund system has been misused by dishonest taxpayers, resulting in substantial loss of government revenue. In order to avoid such a situation, the system of verification has been introduced in Nepal.

Source: thehimalayantimes.com

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