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News and Views

Budget & Fiscal Policy

Changes in Income Tax Act 2058 of Nepal by Finance Bill 2081

We are happy to share the changes made by Finance Bill 2081 to Income Tax Act, 2058. The old and new provisions are presented in comparative form for ease of understanding. If entirely new provision has been added no formatting Read more

By Shankar Thapa, 2 yearsMay 29, 2024 ago
Budget & Fiscal Policy

Changes in Income Tax Act 2058 of Nepal by Finance Bill 2079

We are happy to share the changes made by Finance Bill 2079 to Income Tax Act, 2058. The old and new provisions are presented in comparative form for ease of understanding. If entirely new provision has been added no formatting Read more

By Shankar Thapa, 4 yearsMay 30, 2022 ago
Budget & Fiscal Policy

Changes in Income Tax Act 2058 of Nepal by Finance Bill 2078

We are happy to share the changes made by Finance Bill 2078 to Income Tax Act, 2058. The old and new provisions are presented in comparative form for ease of understanding. If entirely new provision has been added no formatting Read more

By Shankar Thapa, 5 yearsMay 30, 2021 ago
News & Regulatory Updates

Fixation of Minimum Remuneration

Ministry of Labour, Employment and Social Security has published a notice in Nepal Gazette on 2078/01/20 regarding Minimum Remuneration of labours pursuant to Section 106 (3) of Labour Act, 2074. The minimum monthly remuneration has been increased to NPR 15,000 Read more

By Shankar Thapa, 5 yearsMay 4, 2021 ago
Budget & Fiscal Policy

Budget Update on COVID 19 Relief

Budget Update on COVID 19 Relief An update on Provisions in Budget regarding Relief, Facilities and Economic Recovery. The Coronavirus Pandemic has caused disruption in the businesses globally. Government of Nepal through budget of Fiscal Year 2077/78 has proposed some Read more

By Shankar Thapa, 6 yearsMay 29, 2020 ago
Budget & Fiscal Policy

Changes in Income Tax Act 2058 of Nepal by Finance Bill 2077

We are happy to share the changes made by Finance Bill 2077 to Income Tax Act, 2058. The old and new provisions are presented in comparative form for ease of understanding. If entirely new provision has been added no formatting Read more

By Shankar Thapa, 6 yearsMay 29, 2020 ago
News & Regulatory Updates

Update on second notices by Nepal Rastra Bank (NRB) considering Coronavirus (COVID 19) Pandemic

The Coronavirus Pandemic has caused disruption in the businesses globally. To curb spread of the virus, Nepal has also resorted to lockdown. Considering this situation Nepal Rastra Bank (NRB) has published second notice announcing certain relief measures to borrowers and Read more

By Shankar Thapa, 6 yearsApril 29, 2020 ago
News & Regulatory Updates

Update on notices by Inland Revenue Department (IRD) and Nepal Rastra Bank (NRB) considering Coronavirus (COVID 19) Pandemic

The Coronavirus Pandemic has caused disruption in the businesses globally. To curb spread of the virus, Nepal has also resorted to lockdown. Considering this situation, Inland Revenue Department (IRD) and Nepal Rastra Bank (NRB) published notice announcing various relief measures Read more

By Shankar Thapa, 6 yearsApril 9, 2020 ago
Tax & Compliance

Changes to Value Added Tax (VAT) Act, 2052 by the Finance Act 2076

This is comparative presentation of changes made to Value Added Tax (VAT) Act, 2052 by the Finance Act 2076, compiled by Shankar Associates, Chartered Accountants (A member of MGI Worldwide).For notifying of Errors or any suggestion, email at: info@saca.com.np | Read more

By Shankar Thapa, 7 yearsAugust 19, 2019 ago
News & Regulatory Updates

Social Security Fund (SSF) Issues notice for deposit

Social Security Fund (SSF) Issues notice for depositSocial Security Fund (SSF) has issued notice to organizations listed with SSF to start depositing the contribution amount starting 2076 Shrawan as below:

By Shankar Thapa, 7 yearsAugust 14, 2019 ago

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Useful Links

Institute of Chartered Accountants of Nepal

Accounting Standard Board of Nepal

Auditing Standards Board Nepal

International Federation of Accountants

The IFRS Foundation

Nepal Rastra Bank

Securities Board of Nepal

Office of Company Registrar

Nepal Insurance Board

Investment Board Nepal

Ministry of Finance

Inland Revenue Department

Shankar Associates, Chartered Accountants

4 days ago

Shankar Associates, Chartered Accountants
Behind every step we take, every challenge we overcome, and every dream we dare to pursue, there is often a father who quietly stood by us—guiding us, believing in us, and teaching us to keep moving forward.A father’s love may not always be expressed in words, but it is found in every sacrifice, every lesson, every late night, and every silent effort made for a better tomorrow.Today, we celebrate the fathers who shaped our lives, strengthened our dreams, and became the foundation of who we are.To every father, grandfather, and father figure who inspires us to become better every day—Happy Father’s Day! 💙May we always have the courage to make them proud.Happy Father’s Day from Shankar Associates, Chartered Accountants.#HappyFathersDay #FathersDay #Father #Fatherhood #FathersLove #Family #LoveAndGratitude #Inspiration #ShankarAssociates #CharteredAccountants #SACA #Nepal #FathersDayNepal ...

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Shankar Associates, Chartered Accountants

2 weeks ago

Shankar Associates, Chartered Accountants
WELCOME TO THE TEAM! We are delighted to welcome our new Article Trainees — Ms. Sumangalika Bhandari, Mr. Sushil Basnet, and Mr. Aakash Bikram Sah — to Shankar Associates, Chartered Accountants. As they begin their professional journey with us, we look forward to supporting their learning, growth, and professional development in the fields of Audit, Taxation, Accounting, and Advisory. We wish them a rewarding and successful journey ahead! Welcome to Shankar Associates, Chartered Accountants! 🤝 #shankarassociates #charteredaccountants #articletrainees #WelcomeToTheTeam #audit #taxation #Accounting #ProfessionalGrowth #CareerJourney #Teamsaca ...

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Shankar Associates, Chartered Accountants

3 weeks ago

Shankar Associates, Chartered Accountants
In times of disaster, humanity is measured not only by words of sympathy but also by the actions we take to support those in need.As our country, Nepal, faces the devastating impact of the recent Bhotekoshi flood disaster, this is a reminder that collective support can play a meaningful role in helping affected communities and families recover and rebuild.Under Section 12(Kha) of the Income Tax Act, 2058, contributions made to the Prime Minister’s Disaster Relief Fund and reconstruction funds established by the Government of Nepal may be deducted while calculating taxable income, subject to the applicable legal provisions.Let us stand together with the affected families, support relief and recovery efforts, and contribute to rebuilding stronger and more resilient communities.Together, we can turn support into recovery and hope into action. 🇳🇵#BhotekoshiFlood #NepalFloods #DisasterRelief #IncomeTax #IncomeTaxAct2058 #TaxAwareness #SocialResponsibility #Nepal #ReliefAndRecovery #RebuildNepal ...

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Shankar Associates, Chartered Accountants

4 weeks ago

Shankar Associates, Chartered Accountants
TAX RATE INCREASED! | 15% → 20%The tax rate on Insurance Agent Commission Income has increased from 15% to 20%.📌 Previous Rate: 15% 📌 New Rate: 20%Insurance agents and taxpayers receiving commission income should take note of this important tax update.🔎 Stay updated with the latest Nepal Tax & Accounting Updates.Follow Shankar Associates, Chartered Accountants for more Nepal tax & accounting updates.#TaxUpdate #NepalTax #InsuranceAgent #CommissionIncome #IncomeTax #TaxRate #Taxation #Nepal #Accounting #ShankarAssociates #CharteredAccountants ...

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Shankar Associates, Chartered Accountants

1 month ago

Shankar Associates, Chartered Accountants
FY 2083/84: What Has Changed in Individual Income Tax?The new Fiscal Year 2083/84 has brought significant changes to Nepal’s Individual Income Tax Slabs.In this video, we compare FY 2082/83 vs FY 2083/84 and explain the major changes in simple terms, including:🔹 Changes in tax slab rates🔹 Revised income thresholds for taxpayers🔹 Changes affecting Single & Couple taxpayers🔹 SSF-related tax treatment🔹 Tax deductions and reliefs🔹 Increase in Private Building Insurance deduction🔹 Children’s Education Expense deduction🔹 Other available tax benefits and deductionsWhether you are an Accountant, HR Professional, Employer, Business Owner, or Salaried Employee, understanding the updated tax slabs is essential for accurate salary tax calculation and compliance.🎥 Watch the full video to understand the FY 2083/84 tax changes and their impact on your income.📌 Save this post for future reference and share it with your colleagues and accounting professionals.#TaxNepal #IncomeTaxNepal #TaxSlab #FY208384 #TaxUpdates #NepalTax #SalaryTax #TDS #AccountingNepal #Accountants #TaxConsultant #TaxDeduction #SSF #TaxPlanning #ShankarAssociates #CharteredAccountants ...

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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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