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Nepal VAT registration threshold increase


Nepal VAT registration threshold increase

The 2016 budget for Nepal has submitted, and included a change in the Value Added Tax registration threshold.

The new VAT registration threshold has been raised to 5 million Rupees from NPR 2 million Rupees. The tax is still levied at 13%. Unusually, Nepal levies VAT on exports as well as imports.


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.