Tax Rate In Nepal For Fiscal Year 2079/80 [FY 2022-23]

The tax rates in Nepal for Fiscal Year 2079/80 (Mid-July 2022 to Mid-July 2023) are as follows:

• Income up to NPR 400,000 is taxed at 1%
• Income between NPR 400,000 and NPR 1,000,000 is taxed at 10%
• Income between NPR 1,000,000 and NPR 2,000,000 is taxed at 20%
• Income above NPR 2,000,000 is taxed at 30%

It’s important to note that these tax rates apply to the total income earned during the fiscal year 2079/80. Different tax rates may apply to certain types of income, and there may be additional taxes and fees applicable depending on the nature of the income or business activity. It’s always recommended to consult with a tax professional for personalized guidance on tax matters in Nepal.