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Taxation

Permanent Establishment (PE) in case of Fixed Place of Business

Permanent Establishment (PE) in case of Fixed Place of Business

Inland Revenue Department (IRD) has recently issued Permanent Establishment (PE) Directive 2077 (2021 AD). An excerpt from such Directive related to Fixed Place of Business Permanent Establishment is discussed below. In case of non-resident entity doing business in...
Concept and Base for determination of Permanent Establishment (PE)

Concept and Base for determination of Permanent Establishment (PE)

Foundation for Imposing Tax The basis of taxation in any country depends upon “Residence Rule” and “Source of Income Rule”. In both of the rules determination of “Permanent Establishment” (PE) plays a vital role. The concept of Permanent Establishment is necessary to...
Foreign Currency Loan up to 60% from Foreign Investor

Foreign Currency Loan up to 60% from Foreign Investor

Nepal Rastra Bank (NRB) has recently revised one of its earlier circular to ease the process of taking loan in foreign currency by the Nepalese company with foreign investment from their foreign investors. According to the revised circular, Nepalese company with...
Post Covid Tax Measures

Post Covid Tax Measures

Coronavirus (COVID-19) severely impacts traditional economic patterns, both in macro-economics and micro-economics. This will affect the traditional tax-base to the nation and liquidate the tax paying capacity of the existing taxpayers. Therefore, if we cannot control...
Taxation on Digital Economy

Taxation on Digital Economy

It may be too early to comment upon the exact taxation approach, however, the possibility cannot be ruled out that appropriate taxation on Digital Economy may lead to a wider tax base and a new source of Tax Avenue for the government. Fast technological modifications...
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