First Business News Portal in English from Nepal
KATHMANDU: The Inland Revenue Department (IRD), on recommendation of the Ministry of Finance (MoF), has extended the time for public/businesses to pay VAT, excise duty and income tax till July 9 considering the unfavorable circumstances resulted by the COvid-19 and the prohibitory order.
Issuing a notice today, IRD stated that businesses and individuals are required to submit the second installment of income tax, VAT and excise duty as of Chaitra and Baisakh by July 9.
The private sector had urged the government to extend the tax payment period citing their inability to file tax due to the prohibitory order.
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