Value Added Tax(VAT) is a tax imposed on the value added to goods and services consumed in Nepal or exported outside. The tax is based on the principle that each producer or distributor adds value, in some way, to the materials they have purchased and it is this added value that is taxed at each stage of the production and distribution chain. There is the presumption that VAT is shifted forward completely to the Consumer. In the VAT system, producers, distributors and people providing services raise VAT on the products or services sold or provided.
In the Nepali market, foreign direct investments (FDIs) are lured to set up business here, resulting in a gigantic influx of FDI in the country every year.
One such source of FDI is foreign companies setting up their business operations in Nepal. Contemplating this to be the fuel in the process of moving Nepal to a more developed nation, government of Nepal has flexed the restrictions to a greater extent, thus, enabling the infusion of more foreign investments in the economy.
In today’s complex business arena, it becomes quite a challenge for business enterprises to supervise all their audits, accounts and finance management on their own. Consequently, this is where we step in. As Chartered Accountants, we help small and medium enterprises or large companies in managing their finance, taxation, accounts and payroll processing as well as assist them in utilizing their resources to the maximum extent.
