On behalf of the government, the Department of Inland Revenue officially informed Norway, Thailand, Sri Lanka, Austria, Pakistan, China, and South Korea through the Ministry of Foreign Affairs on Tuesday.
The Government of Nepal has formally informed seven countries that had bilateral tax exemption agreements (DTAs) before the promulgation of the Income Tax Act 2058 BS regarding the provisions of the Act. On behalf of the government, the Department of Internal Revenue has formally informed Norway, Thailand, Sri Lanka, Austria, Pakistan, China and South Korea through the Ministry of Foreign Affairs on Tuesday.
Before the promulgation of the Income Tax Act 2058, there is a provision for the Nepal government to inform the countries that had DTA agreements about the provisions of the act. However, Nepal had not informed those countries even 24 years after the promulgation of the act.
For the first time, the Nepal government has informed the 7 countries that had DTA agreements before the promulgation of the Income Tax Act 2058 about the act, said Madan Dahal, Director General of the Department of Internal Revenue.
Before the promulgation of the Income Tax Act 2058, it had DTAs with the 7 mentioned countries and 8 countries including Mauritius. Of these, the government revoked the DTA with Mauritius on Kartik 12. Dahal said that the remaining seven countries have now been informed. ‘The Nepal government today, through the Department of Internal Revenue, has formally notified the seven partner countries that have agreements to eliminate double taxation in their domestic tax laws about the significant changes in the domestic tax provisions,’ the department said in a statement.
