To regulate the taxation of digital services provided by non-resident companies to Nepali customers, the Inland Revenue Department (IRD) of Nepal has introduced the “Procedure for Digital Service Tax, 2081 (2024)”. Effective from 1st Shrawan 2081 (July 17, 2024), This new regulation, effective from 1st Shrawan 2081 (July 17, 2024), aims to regulate and tax digital services provided by foreign companies to Nepali consumers. As digital platforms such as e-commerce sites, online streaming, and cloud-based services continue to expand, this tax procedure ensures that non-resident service providers contribute to Nepal’s economy in a fair and transparent manner.
How will GenAI prompt a step change toward autonomous supply chains?
