Understand the latest Nepalese tax laws for small businesses in 2026. A. Bansal & Associates helps SMEs stay compliant and tax-efficient in Nepal.
Running a small business in Nepal means navigating a constantly evolving tax landscape. With the fiscal year 2082/83 bringing new regulatory updates, it’s essential for entrepreneurs to understand their obligations and opportunities.
Key Tax Obligations for Small Businesses in Nepal
Small businesses in Nepal are subject to Income Tax under the Income Tax Act 2058, Value Added Tax (VAT) if annual turnover exceeds NPR 50 lakhs, and Permanent Account Number (PAN) registration from the Inland Revenue Department (IRD). Depending on your industry, you may also be liable for Excise Duty and Custom Duties.
Recent Updates in 2026 You Should Know
The Nepalese government has introduced simplified filing procedures for micro and small enterprises, extended the deadline for quarterly tax submissions, and revised tax slabs for proprietorship firms. Staying current with IRD circulars is critical to avoiding penalties.
Common Mistakes Small Businesses Make
Many small business owners miss TDS (Tax Deducted at Source) deductions on payments to vendors, fail to maintain proper books of accounts, and overlook advance tax payments. These mistakes can result in penalties and interest charges.
How A. Bansal & Associates Can Help
Our team of certified accountants and tax consultants in Biratnagar provides end-to-end tax compliance services — from PAN registration and VAT filing to income tax returns and audit support. We help small businesses stay compliant while minimising their tax burden legally.
Contact Us
For expert financial and consultancy services in Nepal, contact A. Bansal & Associates today. Address: Tintolia, Biratnagar, Morang | Phone: 021-417100 / 417191 / 9852022454 | Email: info@abansal.com.np | Web: www.abansal.com.np