Taxation

Sources of Income for Government
Types of Taxes and underlying assumptions
Taxation system in Nepal
VAT:
Concept, Global Approaches & Theoretical Framework of VAT system in Nepal
Concept of Taxable Items, Exempt Items & Zero rated Items
Compliance: Recording (Accounting), Reporting and payment of VAT under Nepalese law
Consequences of Non-compliance:
Financial
Non-Financial
Common errors & weaknesses from the viewpoint of checker/Auditors
Precautions & References
ELECTRONIC BILLING: Concept, Purpose, Procedures & Precautions
Income Tax:
Concept, Global Approaches & Theoretical Framework of IT system in Nepal
Taxable Incomes: I) Calculation, II) Accounting, III) Reporting, & IV) Payment
Business Income
Employment Income
Investment Income
Others: Windfall Gain, Inheritance Income etc.
TDS
Consequences of Non-compliance:
Financial:
Non-Financial:
Common errors & weaknesses from the viewpoint of checker/Auditors
Precautions & references