Windfall gain tax of 25% will be exempted for the reward up to Rs 500,000 received on behalf of contribution in the field of literature, art, culture, sports, journalism, science and technology and general administration
In case of house rent other than payment to natural person, additional municipality tax to be included and deposited with the local ward/municipal office (2% in case of Kathmandu and Lalitpur Municipal Authorities)
Payment of rent to natural person
The amount obtained by natural person towards the house rental has been excluded from the definition of “Rent”. Hence, 10% withholding rate on rental payment doesn’t apply to the house rental payment to natural person.
The 10% tax (in case of Lalitpur and Kathmandu municipal authority) on house rental payment to natural person should be deposited in respective office.
- Natural person
- Other than Natural Person
5%
15%
- To Resident person
- To Non-resident Person
- In case of payment made to natural person [not involved in any business activity]
- In case of payment made to entities
5%
15%
1.5%
15%
- To resident natural person
- To resident entity
- Others (including non-resident person)
Gain on disposal of Interests in any resident entity (unlisted)
- To resident natural person
- To resident entity
- Others (including non-resident person)
5%
5%
25%
10%
15%
25%
- Owned by individual for over 5 years
- Owned by individual for up to 5 years
- Owned by person other than individual
The land or land and building or building disposed at proceeds less than Rs 1,000,000 doesn’t fall under the category of non-business chargeable assets (NBCA). These taxes are withheld by the Land Revenue office on sale amount.
2.5%
5%
1.5%
- Custom Banding Category 1 (Live Animals),
- Custom Banding Category 3 (Live, Fresh and Iced Fishes)
- Custom Banding Category 6 (fresh flowers),
- Custom Banding Category 7 (Fresh vegetables, potato, onions, dry vegetables, garlic, baby-corn),
- Custom Banding Category 8 (Fresh Fruits)
- Custom Banding Category 2 (Meat),
- Custom Banding Category 4 (Dairy products, egg, honey),
- Custom Banding Category 10 (kodo, phappar, junelo rice and kanika)
- Custom Banding Category 11 (Maida, aatta and pitho)
- Custom Banding Category 12 (medical herbs and sugarcane)
- Custom Banding Category 14 (plant produces)