Concessions Flashcards
What additional tax concession is available if at least 33% of employees are women, dalit, or disabled?
Additional 10% tax concession.
What is the tax rate for a special industry established in a very undeveloped area?
2% (10% of AR/TR)
What is the final tax rate for an industry in an undeveloped area?
4% (20% of AR/TR)
How much tax exemption does a special industry get in the hilly districts of Sudurpaschim province with 100+ Nepalese employees?
100% tax exemption for 15 years.
What tax exemption does a special industry receive if capital investment exceeds 1 billion and employs more than 500 Nepalese citizens?
100% exemption for the first 5 years.
50% exemption for the next 3 years.
What are the conditions for a special industry to get additional tax exemption if an existing industry increases capital investment?
Capital investment must increase to 2 arba.
Direct employment must exceed 300 Nepalese citizens.
At least 25% increase in capacity.
What tax exemptions are available for industries established in SEZs in Himalayan districts or notified hilly areas?
100% exemption for 10 years.
50% exemption thereafter.
What tax benefits do industries in SEZs in Terai and other hilly areas receive?
100% exemption for 5 years.
50% exemption thereafter.
What are the tax benefits for dividends distributed by industries in SEZs?
100% exemption for the first 5 years.
50% of applicable tax rate for the next 3 years.
What is the tax concession for foreign investors providing services to industries in SEZs?
50% concession on income from:
- Service charge
- Royalty for technology transfer
- Management services
What tax exemption is given to industries involved in research & extraction of mines, petroleum, or natural gas with commercial production by Chaitra end, 2080?
100% exemption for 7 years.
50% exemption for the next 3 years.
What tax exemption is available for industries related to software data processing, cyber security, and digital mapping?
50% tax exemption if established in bio-tech parks, technology parks, IT parks, etc., as specified by the Government of Nepal.
What tax exemption is provided for hydro, solar, wind, or bio-power industries starting commercial transactions by Chaitra 2084?
100% exemption for 10 years.
50% exemption for the next 5 years.
20% exemption for the remaining life.
What tax exemption is available for hydropower projects over 40 MW with reservoir/semi-reservoir, financial closure up to Chaitra 2085?
100% exemption for 15 years.
50% exemption for the next 6 years.
20% exemption for the remaining life.
What are the tax rates for export income for natural persons?
First 5/6 lakh: Nil
Next 2 lakh: 10%
Next 3 lakh: 15%
Next 10/9 lakh: 15%
Next 30 lakh: 18%
Balance: 19.5%
What are the tax rates for export income for entities?
Special Industry: 16%
Other Industries: 20%
What is the final tax rate for an industry in an underdeveloped area?
6% (30% of AR)
What tax exemption is provided for listed manufacturing, tourism, hydropower, software, and technology industries?
15%
What are the tax benefits for the fruit-based brandy, cider, and wine industry in different development areas?
Very undeveloped: 40% Up to 10 years,
Undeveloped: 25% upto 10years
What are the tax concessions for royalties from the export of intellectual property?
25%
What tax exemption is provided on sales of intellectual property taxed?
50%
What are the tax exemptions for tourism industries or airlines operating international flights based on capital investment?
1 Billion: 100% for 5 years,
50% for 3 years
3 Billion: 100% for 10 years,
50% for 5 years
5 Billion: 100% for 15 years
What tax exemption is provided for bonus shares issued by special or tourism or IT industries for expansion?
100%
What are the tax exemptions when a private company with paid-up capital exceeding 50 crores converts into a public company?
10% for 3 years
What are the tax exemptions for tea production,dairy product transactions and producting textile?
50%
How are health organizations operated by community organizations taxed?
20% exemption
What tax exemption is provided to micro-entrepreneurship based on gender?
Women (10 years): 100%,
Men (7 years): 100%
What tax concessions apply to entities engaged in BOOT projects with GON or power transmission industries?
20%
What tax exemption is provided to special industries operating in industrial regions or villages?
50% for 3 years, 20% thereafter
What are the tax benefits for startups with an annual turnover of up to 1 crore?
100% exemption for 5 years
What tax exemptions apply if a special industry is relocated from Kathmandu Valley to outside the valley?
100% for 3 years, 50% for 2 years
What are the tax exemptions are provided to industries that utilize raw materials affecting the environment taxed?
20%
What are the tax benefits for industries producing medical vaccines, oxygen gas, or sanitary pads?
100% exemption for 5 years
50% exemption for 2 years
What tax exemptions apply to industries established by FY 2082 that manufacture or assemble electric vehicles?
40% for 5 years
What tax benefits are given to agricultural equipment industries established within FY 2082?
100% exemptions for 5 years
