The Nepali Inland Revenue Department has published the 2024 Digital Service Tax Act, which includes: relevant definitions, a 2% tax rate on the value of digital service transactions for non-residents, an exemption limit of 3 million Nepalese rupees (US$22,351) per year, a 0.1% fine per year for non-submission of a return, and a 15% interest charge for failure to pay tax within three months after the income year. The Act entered into force on April 13, 2024.
Source GlobalVATcompliance
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