Non-credit Course

Course Description

This 32-hour course is designed to provide comprehensive knowledge and practical skills on Income Tax and Value Added Tax (VAT) in the context of Nepal. The course covers the legal framework under the Income Tax Act, 2058 and the Value Added Tax (VAT) Act, 2052, emphasizing taxpayer registration, PAN application, income categorization, tax return filing, VAT registration, invoice preparation, and online submissions. It is enriched with practical sessions involving hands-on training on self-assessment returns (D-01 to D-03), estimated returns, TDS procedures, and VAT documentation. Participants will learn to navigate the IRD’s online taxpayer portal for various filings and claim credits. The course targets undergraduate students, accountants, and entrepreneurs seeking to deepen their understanding of Nepal’s taxation system. By the end, learners will be capable of executing tax responsibilities efficiently and ethically while complying with current laws.

General Objective

The general objective of the course is to develop conceptual understanding of Nepalese Income Tax and VAT system, focusing on compliance, filing procedures, and applications, make able to apply to the practical life. The specific objectives of the course are:

  • To explain the legal provisions, objectives, and structure of Income Tax and VAT laws applicable to individuals and businesses in Nepal.
  • To enable learners to prepare and submit various types of income tax returns and VAT forms using IRD portal.
  • To differentiate between types of income, PAN categories, VAT applicability, and documentation required for tax compliance in Nepal.
  • To build capacity for analyzing and interpreting invoices, vouchers, and tax schedules for both income tax and VAT in the practical life.
  • To encourage ethical tax practices and enhance confidence for handling practical taxation issues in real-life business or professional scenarios.