Nepal Tax Agency Posts VAT Implementation Guidelines for Transport Services

The Nepali Inland Revenue Department Sept. 22 posted online VAT implementation guidelines for transport services. Topics covered include: 1) key definitions; 2) VAT implementation rules; 3) invoicing requirements; 4) the quarterly payment requirement for transport providers with up to 10 million Nepalese rupees (US$75,034) in turnover; and 5) the requirement that providers with over 10 million rupees in turnover provide details of their transactions on a continuous basis. [Nepal, Inland Revenue Department, 09/22/23]

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