Collection concepts

Taxation in Nepal

• 1 Conceptual Foundation

  • Tax foundations
  • Tax law and terminology
• 2 Tax Accounting

  • Registration and accounting
• 3 Classification of Assessees/Taxpayers

  • Taxpayer classification
  • Special provisions and savings
• 4 Taxation of Income

  • Taxation approaches
  • Nepalese provisions
• 5 Heads and Sources of Income

  • Income categories
• 6 Income from Employment

  • Employment foundations
  • Employment income assessment
  • Employment tax calculation
• 7 Capital Gain Tax

  • Capital gain foundations
  • Gain calculation
  • Losses and rates
• 8 Income from Investment

  • Investment foundations
  • Investment assessment
  • Losses and tax calculation
• 9 Valuation of Stocks, and Depreciation

  • Stock valuation
  • Depreciation
  • Unabsorbed expenses
• 10 Business Loss

  • Business loss treatment
• 11 Income from Business

  • Business income foundations
  • Business assessment
  • Business tax calculation
• 12 Total Assessable Income

  • Assessment foundations
  • Reductions
  • Additional exemption limits
• 13 Tax Liability and Tax Payable

  • Liability determination
  • Payable and clearance
• 14 Value Added Tax (VAT)

  • VAT foundations
  • VAT evolution and computation
  • VAT records and realization
  • VAT enforcement
• 15 Rights and Duties

  • Tax authorities
  • Taxpayers
• 16 Tax Collection and Realization

  • Collection concepts
  • Collection and realization methods
  • Refund and remission
• 17 Penal Provision, Review and Appeal

  • Penalties and offences
  • Review and appeal
• 18 Tax Auditing

  • Tax and audit foundations
  • Internal controls
  • Tax audit scope and legislation