Value added tax (Nepal)
Value Added Tax (VAT) is an indirect tax levied on the value creation or addition. Concept of VAT in Nepal was introduced in FY 2049/50 but the act was developed in BS 2050. VAT was implemented in 1998 and is the major source of government's revenue. It is administered by Inland Revenue Department of Nepal.
VAT Rates in Nepal
The normal VAT rate is 13%[1]; some goods or services are exempted from VAT.[2]
gollark: Renewables are not energy dense, need vast amounts of batteries to be any good, and take tons of energy to produce in the first place.
gollark: Nationalised healthcare possibly not good?
gollark: Nuclear power good, "renewables" often actually really stupid?
gollark: As opposed to sales taxes etc.
gollark: Um. Land value tax good?
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