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Investment Management

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...
Foreign Investors going to be allowed to borrow loan from Abroad

Foreign Investors going to be allowed to borrow loan from Abroad

Nepal Rastra Bank (NRB) has issued Foreign Direct Investment and Loan Management By-law, 2077 (2021 AD) as a Consultation Document to the general public vide notice dated 9 February 2021. The draft document includes, among others, the provisions relating to approval...
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...
FDI allowed in Agricultural Sector

FDI allowed in Agricultural Sector

Government of Nepal (GoN) has decided to allow foreign direct investment (FDI) in the primary agriculture production with certain conditions by publishing a notice on Nepal Gazette dated 04 January 2021 (20 Poush2077) exercising the power conferred by Section 50 of...
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...
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