Here is the list of highlights of budget 2077/78. Per capita Income will be 1,388 US Dollar. Other Sector Highlights Establishment of Health desk & quarantine checks at international borders.…

A credit default swap is a type of credit derivative that provides the buyer with protection against the defaults. For example: if a lender feels that his/her loans to a…

Let us say you have been appointed for your dream job. Now, you will be earning your salary in coming days. For receiving your earned money, your organization certainly request…

Sec. 2 (Ga) defines “Final Withholding Payment” as the payment like dividend, rent, interest and payment to non-resident person mentioned in sec.92 of the Income tax Act and which is…

Nepal Financial Reporting Standards (NFRS) Nepal Financial Reporting Standards (NFRS) are set of financial reporting standards developed by the Accounting Standards Board (ASB) with belief that the common global language…

TDS Rates in Nepal :F.Y. 2076-77 Sec.87 to sec.93 of the Income Tax Act, 2058 requires a person making payments specified therein to withhold tax (deduct TDS ) as per…

While the country is going through the difficult situation due to the pandemic COVID 19, again, NRB has scrolled out a relief package by reducing interest rate to all the…

AML/CFT stands for Anti-Money Laundering & Combating the Financing of Terrorism. In Nepal, AML/CFT mechanism is struggling to thrive. However, Banks in Nepal are primarily adopting and improvising their AML/CFT…

On April 19, 2020 (Baisakh 7, 2077), the members of the Institute of Chartered Accountants of India (ICAI) received an email from the recently elected President of the Institute, CA.…

Repo Rates: Repo rates is the rate at which the banks and financial institutions borrows money from the central bank. Here, Nepal Rastra Bank is the central bank of Nepal.…