The Inland Revenue Department IRD aims to ensure timely compliance with tax regulations and maintain smooth tax administration in Nepal. Important notice from Nepal’s Inland Revenue Department regarding tax filing for the fiscal year 2081/82. Notice on Estimated Business Tax Returns and First Installment Payment for Fiscal Year 2081/82.
Taxpayers are advised to take note of these requirements and ensure timely submission of their estimated tax returns and payment of the first installment to avoid any penalties or complications.
The Internal Revenue Department of Nepal, Ministry of Finance, has issued an important notice regarding tax payments and returns for the fiscal year 2081/82. This notice is intended for all taxpayers who are required to submit their tax returns under Section 94 of the Income Tax Act, 2058.
Tax Return Filing & First Installment Payment Details
- Filing Requirement: According to Section 94 of the Income Tax Act, 2058, taxpayers are required to submit their estimated business tax returns for the fiscal year 2081/82.
- First Installment Payment: The notice specifies that taxpayers must pay 40% of their estimated tax amount as the first installment.
- Deadline: The payment must be submitted by the end of Poush 2081.
- Filing Locations: Taxpayers can submit their returns and payments at any of the following offices:
- Large Tax Payer Service Office
- Medium Level Tax Office
- Inland Revenue Office
- Tax Service Office
This notice serves as a reminder to all relevant taxpayers to comply with their tax obligations within the specified timeframe. The government has provided multiple office locations for convenience in filing returns and making payments.
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