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Shankar Associates, Chartered Accountants

2 weeks ago

Do you know about Nepal's Digital Service Tax (DST)?🌐Nepal has taken a significant step in the digital landscape with the introduction of the Procedure Related to Digital Service Tax in July 2022. 📅This move primarily targets non-resident digital service providers and encompasses a wide range of digital services, from advertising to gaming, provided they exceed NPR 2,000,000 in annual transactions. 💻 The tax rate is a competitive 2% of the transaction value, excluding Nepalese indirect taxes. Notably, income returns filed under this procedure are exempt from income tax. 🚀 The administration of this tax falls under the Large Taxpayer Office, and registration is mandatory within 30 days if you meet the threshold. Registered tax payers are required to file tax returns online within three months of the income year's end. 📊 Audits for compliance are conducted, and penalties apply for concealed DST liabilities. 📢 In summary, Nepal's Digital Service Tax is a 2% levy on eligible digital transactions, offering clear provisions for registration, taxation, and audit enforcement. A promising development for Nepal's digital ecosystem! 👏 #digitalservicetax #nepaltaxation #DigitalEconomy 💼🌐 ... See MoreSee Less

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Shankar Associates, Chartered Accountants

3 weeks ago

Government of Nepal, Ministry of Labor, Employment and Social Security has published notice in Nepal Gazette to revise the minimum wage in Nepal to NPR 17,300 from NPR 15,000. ... See MoreSee Less

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Shankar Associates, Chartered Accountants

2 months ago

💼🌟 "Success in business is not only about the numbers; it's about creating value, building relationships, and making a positive impact." 💪🔑🌍 #BusinessPhilosophy #CreatingValue #BuildingRelationships #PositiveImpact 📈✨ ... See MoreSee Less

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Shankar Associates, Chartered Accountants

4 months ago

Farewells are always difficult but it is a part of the journey! We would like to wish our best to Ms. Insha Shrestha for all her future endeavors. ... See MoreSee Less

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Shankar Associates, Chartered Accountants

4 months ago

We are hiring! Apply if you are interested or share with someone who would fit. ... See MoreSee Less

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Shankar Associates, Chartered Accountants is a partnership firm registered with Institute of Chartered Accountants of Nepal (ICAN) with registration number 604 and is registered with Inland Revenue Department with Permanent Account Number (PAN) 608907293.

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