Micro-industry: An industry with the following conditions other than an industry requiring
special permission is considered to be a micro-enterprise:
1. With the fixed capital not exceeding two million rupees, excluding house and land;
2. the entrepreneur himself or herself is involved in the operation and management of the industry;
3. With a maximum of nine workers including the entrepreneur;
4. With annual transaction of less than ten million rupees;
5. With the capacity of electric energy, fuel or other oil engine to be consumed by the engine,
equipment or machine, if any, used being twenty KW or less
Cottage industry: An industry in the following condition is considered to be a cottage industry:
1. Based on traditional skills and technology;
2. Labour-oriented and based on specific skills or local raw materials and local technology, arts and
culture;
3. With the capacity of electric energy to be consumed by the engine, equipment or machine, if any,
used being up to fifty KW;
(1) Handloom, pedal-loom, semi-automatic loom, wrapping, dyeing and printing, tailoring (other
than readymade garments) and knitting with traditional technology;
(2) Hand knitted woollen and silk mats and blankets (Radi, Pakhi), carpets, pashmina, garments,
hand-made paper and goods made thereof;
(3) Goods based on traditional skill;
(4) Traditional sculpturing;
(5) Hand-made utensils made from metals such as copper, Pittal, Dhalout, brass and German
silver, and handicrafts;
(6) Hand-made utensils and traditional tools of domestic use made from iron such as
knifes,Chulesi, Khukuri, sickle, Kuto, Kodalo;
(7) Hand-made gold or silver ornaments, goods, utensils (precious, semiprecious, and inclusive
of those with ordinary stones);
(8) Industries cutting precious, semi-precious and ordinary stones available domestically cutting,
rural tanning/hand-made leather goods;
(9) Industries based on natural fibres such as zute, sabia grass, Choya, Babiyo, cotton thread,
allo;
(10) Stone arts (stone carved goods);
(11) Paubha, thanka art and other traditional ……chitrakala;
(12) Masks and putali and dolls reflecting traditional culture; 68
(13) Different kinds of handicraft goods reflecting traditional culture, musical instruments and
art;
(14) Wood, bone and horn, clay , rock, and mineral artistic goods, ceramics and clay pots;
(15) Hand printed brick industries.
Small industry: An industry with the fixed capital not exceeding one hundred fifty million rupees, other than a micro enterprise and cottage industry;
Medium industry: An industry with the fixed capital exceeding one hundred fifty million rupees but not exceeding five hundred million rupees
Large Industry: Fixed Capital of more than Rs.50 Crore
Buildings, structures and similar works of a permanent nature 5
o House Rentals: Payments made to natural persons for house rentals are not subject to the 10%
withholding tax and should be deposited with the relevant Municipality ward office.
o Bank Deposit Income: Income from bank deposits for resident natural persons is taxed
separately at a flat rate of 6%.
o Investment Insurance Gains: Gains from investment insurance and unapproved retirement funds
for resident natural persons are taxed at a flat rate of 5%.
o Windfall Gains: Taxed at 25%.
o Mutual Fund Returns: Taxed at 5%.
o Meeting Fees: Taxed at 15%.
o Dividends: Dividends from resident companies and partnership firms are taxed at a final
withholding rate of 5% for both resident and non-resident individuals.
- Tax on the first NPR 5,00,000: 1% = NPR 5000 (0% if contributed in SSF) {for married this amount is Rs.6,00,000}
- Tax on the next NPR 2,00,000: 10% = NPR 20,000
- Tax on the next NPR 3,00,000: 20% = NPR 60,000
- Tax on the next NPR 10,00,000: 30% = NPR 3,00,000
- Tax on the next NPR 30,00,000: 36% = NPR 10,80,000
- Tax on the remaining NPR 10,00,000: 39%=NPR 3,90,000
- 10% tax rebate on total tax liability for single women.
- Deductions: life insurance premiums paid or NPR 40,000
- premiums paid or NPR 20,000 for health insurance
- Retirement Contribution: Rs.5.00 lac or 1/3 of income whichever is lower
- House in own name, premium upto Rs.5,000.00 housing insurance
- Remote Area: NPR 10,000 to NPR 50,000 as per location
Retirement Contributions: Contributions to approved retirement funds are deductible from
taxable income, limited to the lesser of one-third of employment income or NRs 5,00,000.
o Retirement Payments: Payments exceeding 50% of the total sum or NRs 500,000 from an
approved fund upon separation are taxed at 5%. Gains from unapproved funds are taxed at 15%
Rebate: 10% tax rebate for women with only employment income (not opting for couple status)
Capital Gains Tax
o Listed Shares: Short-term capital gains (shares held for up to 365 days) are taxed at 7.5%, while
long-term capital gains (held for more than 365 days) are taxed at 5% for resident natural persons.
For others, rates are 10% and 25%, respectively.
o Unlisted Shares: Taxed at 10% for resident natural persons, 15% for resident entities, and 25%
for others.
o Real Estate: Gains from the disposal of land and buildings are taxed at 5% if owned for more
than five years, and 7.5% if owned for five years or less. For non-natural persons, the rate is
1.5%, regardless of the holding period.
Employers must deduct tax from employee salaries at the time of payment and remit this
withheld amount to the tax authorities within 25 days after the end of the Nepali calendar month
in which the withholding occurred.
VAT is charged at a flat rate of 13% applied to the invoice value. exports of goods and services are taxed at zero percent
VAT registration compulsory
For individuals dealing solely in goods: NRs 5 million
For individuals dealing solely in services: NRs 3 million
For individuals dealing in both goods and services: NRs 3 million
NO CIC Req.
- Gold and Silver Loans
- Loan against Fixed Deposit.
- Loan against Government Bond.
- Credit Card Loans up to Rs. 3 Lakhs.
- Loans approved electronically through a simplified process, up to Rs. 5 lakhs.
CIC Hit charge: Rs.621.50 & No Hit: Rs.282.50
Blacklisting/De-Listing Charge
Listing & De-listing of the borrower with loan/facility above 10 million Rs. 3390.00
Listing & De-listing of the borrower with loan/facility below 10 million Rs. 2260.00
MFI Listing & De-listing of the borrower Rs. 1130.00
The Secured Transaction Registry (STR) - only for movable assets. Charge: Rs.565.00, Validity: 5 years
Rajinama: Property acquired via Rajinama should have a minimum of 1 year and 35 days since
the transfer
Bakas Patra: Property acquired via Bakas Patra should have a minimum of 2 years 35 days since the
transfer.
Ansha Banda: 6 months 35 days
Types of Account in International Banking:
Nostro Account: Account maintained with foreign Bank in foreign currency.(our account with them)
Vostro Account: Account maintained with us by foreign bank at local currency.(Your account with us.)
Loro Account: Account maintained by other bank with another bank.
M0irror Account: Account opened as the mirror of Nostro Account
MT707/708: Amendment of LC
MT710: LC advising tracer
MT740: Reimbursement Authority
MT750: advice of discrepancy
MT799: free message
MT202: LC payment message
MT103: Single Wire Transfer
SWIFT Code consist: 8 alphabet or alphabet + number
First 4 alphabet represent bank name
5th and 6thalphabet represent country
7th and 8thalphabet represent branch city or state
Loan from Bank- Bank= Creditor & Customer=Debtor
Safe Deposit Vault- Bank=Lessor & Customer=Lessee
Safe Custody- Bank=Bailee & Customer=Bailor
Draft Issue-Bank=Debtor & Customer=Creditor
Payee of a Draft- Bank=Trustee & Customer=Beneficiary
Cheque Collection- Bank=Agent & Customer=Principal
Pledge- Bank=Pledgee (Pawnee) & Customer=Pledgor (Pawnor)
Mortgage- Bank=Mortgagee & Customer=Mortgagor
Hypothecation- Bank=Hypothecatee & Customer=Hypothecator
Sale/purchase of security on behalf of customer- Bank=Agent & Customer=Principal
Money Deposited but no instruction for it's disposal- Bank=Trustee & Customer=Beneficiary
Articles/goods left by mistake by customer- Bank=Trustee & Customer=Beneficiary
LC INCOTERM:
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