The Finance Bill 2083 brings significant amendments to the Income Tax Act, 2058 — restructuring the personal income-tax rate schedule, introducing a formal transfer-pricing framework, expanding sectoral incentives, and tightening compliance and enforcement. This note summarises the key changes by theme.
The Finance Bill 2083 has brought in the “Safe Harbour Rule” provision within the context of Nepali Income Tax law. This rule allows taxpayers to bypass complex transfer pricing documentation and benchmarking studies by adhering to predefined margins or rates, provided they meet specific criteria.
Nepal’s Transfer Pricing Directive 2024 introduces a rigorous benchmarking framework — but cites data sources that are practically inaccessible to taxpayers. Until domestic financial disclosure laws are reformed, practitioners must rely on commercial databases like Prowess IQ and AceTP. Here is what you need to know.