If you are starting a new business in Nepal, Permanent Account Number (PAN) registration is mandatory, and Value Added Tax (VAT) registration is required if your business meets specific criteria. These PAN and VAT registrations are issued by the Inland Revenue Department of Nepal. Four Ace Business Solution help and support in PAN and VAT registrations for tax compliance and business operations in Nepal.
What is PAN & VAT?
- PAN (Permanent Account Number)
- Required for all businesses and individuals engaged in financial transactions.
- Essential for tax filing, business invoicing, and opening a business bank account.
- VAT (Value Added Tax)
- Mandatory for businesses with an annual turnover exceeding NPR 5 million (for goods) or NPR 3 million (for services).
- Required for import/export businesses and those dealing with VAT-liable goods and services.
Documents required for PAN and VAT registration:
- Completed PAN/VAT registration application form
- Company registration certificate
- Citizenship certificate of the company shareholders or partners
- Memorandum and Articles of Association (for companies)
- Partnership deed (for partnerships)
- Rent agreement or ownership document of the business premises
- Decision Minutes documents (for putting photo in PAN/VAT certificate)
Why Four Ace Business Solution for PAN & VAT Registration Services?
- Business Consultation – Helping you choose the right business structure
- Preparation of Documents – Ensuring all necessary paperwork is complete.
- Application Submission – Registering with the Inland Revenue Department
- Follow-Up & Approval – Ensuring smooth processing and approval.
- Ongoing Tax Support – VAT filing, tax compliance, and bookkeeping services.