VAT Filing Frequency

1. Monthly VAT filing: For businesses with annual turnover exceeding NPR 10 million. Require to submit the VAT return online before the 25th day of the following month.
2. Quarterly VAT filing: For businesses with annual turnover below NPR 10 million

VAT Rate in Nepal

1. The standard VAT rate in Nepal is 13%. This rate applies to most goods and services.

What Records Must Be Kept for VAT?

Proper record-keeping is essential for VAT compliance in Nepal. Companies must maintain:

1. Sales and purchase invoices
2. Sales register and purchase register
3. Import and export documents
4. Bank statements
5. Stock records
6. Fixed asset registers

These records should be kept for at least 6 years from the date of the last transaction.

Why Four Ace Business Solution for VAT Filing Return?

1. We assist in preparation of purchase book register, sales book register and calculation of VAT as per the requirement of Tax Law of Nepal.
2. We support in monthly VAT calculations, appropriate VAT claim and submission of monthly VAT return to Tax Authority.
3. Our accurate & on-Time Filing help to avoid fines & penalties.
4. We provide timely updates with respect to Indirect Taxation.
5. Our Affordable & Reliable Service are best for SMEs, traders & service providers.