Nepal: Taxes and Costs
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Income taxes are
moderate to high in Nepal
INDIVIDUAL TAXATION
Non-residents are taxed on their Nepalese-sourced income. Married couples may be taxed jointly or separately.
INCOME TAX
Income earned by non-residents is taxed at a flat rate of 25%.
RENTAL INCOME
Rental income earned by non-residents from leasing property is subject to 25% withholding tax.
CAPITAL GAINS
Capital gains realized from selling real property are considered ordinary income and taxed at the standard income tax rate.
CORPORATE TAXATION
INCOME TAX
Income and capital gains earned by corporations are taxed at a flat rate of 25%. Income-generating expenses and operating expenses are deductible when computing for the taxable income.
PROPERTY TAX
Urban House and Land Tax
The urban house and land tax is levied on the value of the property. Depreciation is taken into account, at rates ranging from 0.75% to 3% per year, depending on the type of construction of the house.
URBAN HOUSE AND LAND TAX |
|
| TAX BASE, NPR (US$) | |
| Up to 1 million (US$13,193) | |
| 1 million – 2 million (US$26,385) | |
| 2 million – 5 million (US$65,963) | |
| 5 million – 10 million (US$131,926) | |
| 10 million – 20 million (US$263,852) | |
| Over 20 million (US$263,852) | |
| Source: Global Property Guide | |
Nepal - more data and information
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