The implementation of VAT on air transport has led to a contentious dispute between the private sector and the government, resulting in confusion and dissatisfaction. As per the Value Added Tax Act 2052, the VAT is mandatory to be implemented after a 30-day notice. The government had announced the implementation of VAT from July 1, but disagreements between the government and the private sector have persisted even into the second week of July.
Source: nagariknetwork.com
Latest Posts in "Nepal"
- VAT and Customs Dominate Nepal’s Tax Revenue Amid Economic Slowdown, Contributing 52% of Total Collections
- India’s GST 2.0 Sparks Concerns in Nepal Over Smuggling and Trade Deficit
- Nepal Updates VAT Procedures for Nonresident Electronic Service Providers, Effective Immediately
- Gold Traders Urge PM Oli to Reconsider Luxury Tax and VAT on Jewelry
- Federation Urges Removal of Luxury Tax and VAT on Gold and Silver in Nepal