Good morning once again!
This listing is for items that did not sell during the October 11 Auction (most likely due to BP/fees, or maybe just because the "right" buyer didn't see the auction, who knows) - so you can buy anything you want right here and right now - no buyer's premiums, no additional fees - JUST DISCOUNTS ON EVERYTHING:
*FREE shipping for any order over $100.
*All the Graded/Slabbed Coins are available at 30% off the listed price guide (which should be accurate, was checked about a month ago.)
*Any Sterling Silver non-coin item will be available at MELT (plus shipping.)
*EVERYTHING ELSE is 10% off the listed start price.
Each lot was individually imaged (front and back) for the auction - so the easiest way for you to see exactly what you're buying is to visit the auction link (the auction is over, so I'm not advertising anything different or advertising an upcoming auction) - so here that is:
https://www.auctionzip.com/auction-catalog/HTF-Coins-Silver,-US,-Foreign-more_FYWN25UAV6?page=0&searchWithAll=&size=200&sort=
Here is the required "prove you still have the stuff" photo with the username card and today's date:
PHOTO
Payment: PayPal. I do not have Venmo/Zello/Bitcoin or any other form of digital payment at this time. No notes if using PPFF, please. Thank you.
Shipping: I will charge you what it costs me for the USPS label rounded up to the nearest dollar. For First Class that is usually $4, for USPS Priority Mail Flat Rate Small Box it will be $9. I will get you a tracking number right after payment is received and will get your package scanned into the USPS system within 24 hours of receipt of payment. I will offer "Risky Shipping" (via stamped greeting card) at my discretion for $1 - for single, small coins ONLY. NOTE: These prices are for Continental US shipping only - if you live outside the continental US, shipping will be more expensive. I am still happy to do it under the same rules as above, but just keep in mind it's going to cost more.
What do YOU need to do to buy coins from this group: send me a list of which lots you want (for example, I want to buy lots # 51, 52, 53, 54, 55) and I will send you a total. There are too many coins here (plus there are duplicates) so I cannot look up the coins you want by description - just give me lot numbers and it will be much simpler.
I'd like to make a simple and polite request - if I have sent you my PayPal information (meaning we've agreed to a deal) please finish it up as soon as you can so I can check you off the list and move on to the next person. This helps make sure you get all the coins we discussed and no one else is in limbo.
I will do my absolute best to update the ad as soon as lots sell.

LEFTOVERS:

11 1973 Proof Set $9.00
12 1973 Proof Set $9.00
13 1974 Proof Set $9.00
15 1975 Proof Set $9.00
17 1975 Proof Set $9.00
18 1975 Proof Set $9.00
19 1975 Proof Set $9.00
20 1975 Proof Set $9.00
21 1975 Proof Set $9.00
22 1975 Proof Set $9.00
23 1975 Proof Set $9.00
24 1975 Proof Set $9.00
25 1975 Proof Set $9.00
26 1975 Proof Set $9.00
27 1976 Proof Set $9.00
28 1976 Proof Set $9.00
29 1977 Proof Set $6.00
30 1977 Proof Set $6.00
31 1977 Proof Set $6.00
32 1977 Proof Set $6.00
33 1978 Proof Set $6.00
34 1978 Proof Set $6.00
35 1978 Proof Set $6.00
36 1978 Proof Set $6.00
37 1978 Proof Set $6.00
38 1975 Proof Set $9.00
51 Toner US Type Set 1 $55.00
52 Toner US Type Set 2 $30.00
53 Toner US Type Set 3 $30.00
54 1949 S Franklin Half UNC KEY DATE $40.00
55 1949 S Franklin Half UNC KEY DATE $40.00
59 1949 S Franklin Half UNC KEY DATE $40.00
60 1976 D Eisenhower Dollar UNC MINT CELLO $4.00
64 1977 D Eisenhower Dollar UNC MINT CELLO $4.00
65 Toner US Type Set 4 $25.00
66 Toner US Type Set 5 $30.00
67 1953 D Franklin Half UNC FULL BELL LINES $25.00
68 Toner US Type Set 6 $65.00
70 1936 Mercury Dime Doubled Die Obverse HIGH GRADE $30.00
73 1955 Roosevelt Dime UNC TONED $8.00
75 1955 S Roosevelt Dime UNC TONED $5.00
76 1955 S Roosevelt Dime UNC TONED $5.00
78 World Silver - Canada 1913 25 Cents $5.00
80 1956 Roosevelt Dime UNC TONED $8.00
81 1958 D Roosevelt Dime UNC TONED $5.00
83 1964 Roosevelt Dime UNC TONED $3.00
84 1964 Roosevelt Dime UNC TONED $3.00
85 World Silver - Canada 1906 10 Cents $3.00
89 1928 S/S Standing Liberty Quarter Rainbow Toned $20.00
90 1974 D Eisenhower Dollar UNC MINT CELLO $4.00
94 France - 1865 BB 5 Centimes $1.00
95 Illinois Governer Otto Kerner Inauguration Medal $4.00
96 1928 S "Inverted MM" Standing Liberty Quarter $35.00
113 Type Coin Lot $50.00
114 50 Indian Head Cents, Mixed Dates & Conditions $40.00
115 50 Indian Head Cents, Mixed Dates & Conditions $40.00
116 50 Indian Head Cents, Mixed Dates & Conditions $40.00
117 75 Indian Head Cents, Mixed Dates & Conditions $60.00
154 1958 Type B Washington Quarter UNC $12.00
156 1956 Washington Quarter UNC RAINBOW TONED $15.00
158 Denmark - 1921 5 Ore $2.00
159 1968 D Kennedy Half UNC TONED $10.00
160 1958 Type B Reverse Washington Quarter UNC $15.00
162 1959 Type B Reverse Washington Quarter UNC $12.00
163 1959 Type B Reverse Washington Quarter UNC TONED $15.00
166 1960 Type B Reverse Washington Quarter UNC $12.00
167 1960 Type B Reverse Washington Quarter UNC $12.00
170 1875 Indian Head Cent $3.00
171 1963 Type B Reverse Washington Quarter UNC TONED $15.00
172 1963 Type B Reverse Washington Quarter UNC TONED $15.00
173 1964 Kennedy Half Mint Clip Error $15.00
175 1964 D Washington Quarter UNC TONED $12.00
179 Stag Beer Wooden Nickel "Fair on the Square" $1.00
180 The TV Shop Slidell, LA One Wooden Buck $1.00
185 St Helena - 1981 25 Pence (Crown Sized) $3.00
190 1996 D Kennedy Half UNC MINT CELLO $2.00
191 State of Missouri Sesquicentennial Medal $2.00
193 State of Missouri Sesquicentennial Medal $2.00
194 State of Missouri Sesquicentennial Medal $2.00
199 1974 D Kennedy Half Dollar DDO UNC $35.00
200 Star Wars Episode III Limited Edition Token/Medal $3.00
253 1978 D Kennedy Half Dollar UNC from Mint Set GEM BU TONED $40.00
255 World Silver - Switzerland 1953 1/2 Franc $3.00
256 1979 Kennedy Half Dollar UNC from Mint Set GEM BU TONED $15.00
257 1986 D Kennedy Half Dollar UNC from Mint Set GEM BU TONED $30.00
258 1986 D Kennedy Half Dollar UNC from Mint Set GEM BU TONED $15.00
259 1954 S Washington Quarter UNC $15.00
260 1957 Washington Quarter UNC TONED $15.00
261 1963 Type B Reverse Washington Quarter UNC TONED $30.00
262 1999 D Kennedy Half Dollar UNC from Mint Set GEM BU PROOFLIKE $10.00
265 Panama - 1975 Proof 5 Centesimos in OGP cello $1.00
266 1971 D Eisenhower Dollar "Talon Head" Obverse Die Clash / "Moon Line" Reverse Die Clash UNC TONED $20.00
269 Maybrook NY Golden Jubilee Good For 10 Cent Wooden Nickel $1.00
270 Maybrook NY 1975 Golden Jubilee 25 Cent Wooden Nickel $1.00
271 World Silver - Australia 1939 Sixpence $4.00
272 1974 Eisenhower Dollar UNC RAINBOW TONED $20.00
274 1957 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
275 1974 D Eisenhower Dollar UNC RAINBOW TONED $15.00
276 World Silver - Australia 1920 Shilling $8.00
277 1959 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
278 2010 S Buchanan Presidential Golden Dollar from Proof Set with Doubled Edge Lettering $10.00
279 1960 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
280 World Silver - Australia 1943 Shilling $8.00
281 1961 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
282 2011 S Johnson Presidential Golden Dollar from Proof Set with Doubled Edge Lettering $10.00
286 1963 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
287 1983 Lincoln Cent DDO FS-101 $40.00
288 1964 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
289 1983 Lincoln Cent DDO UNC $40.00
290 1983 Lincoln Cent DDO UNC GEM BU $75.00
291 1964 D Washington Silver Quarter UNC TONED $10.00
292 2000 "Wide AM" Lincoln Cent UNC $20.00
293 1960's Terre Haute, IN Sesquicentennial Wooden Nickel $1.00
294 .999 Silver 1 oz MLB Mike Piazza Limited Edition Silver Proof Round $30.00
295 1964 "The American Indian - America's First Pioneer" 1 oz .999 Silver Round $30.00
296 "Winter Scenes" Sterling Silver Art Round $25.00
297 Illinois "Illiniwek" Mascot Sterling Silver Art Round TONED $25.00
298 1982 Buffalo NY Sesquicentennial Wooden Nickel $1.00
299 1958 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
300 1959 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
351 1960 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
352 Denmark - 1950 5 Ore KEY DATE $25.00
353 1961 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
357 1990 Rappahannock Area Coin Club Wooden Nickel $1.00
359 1962 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
360 Old Time Wooden Nickel Co Support Our Troops Wooden Nickel $1.00
361 1963 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
362 Switzerland - 1874 B 5 Rappen $40.00
363 1964 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
366 1957 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
368 1958 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
370 1959 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
371 Great Britain - 1920 1/2 Crown NICE $60.00
372 New Zealand - 1942 1/2 Crown $35.00
373 1960 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
374 Sudan - 1972 50 Ghirsh UNC $4.00
375 1961 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
377 Clear Lake, IA Perkins Wooden Nickel $1.00
378 Lake of the Woods 40th Anniversary Bimetallic Token $1.00
379 1962 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
380 Great Britain - 1981 25 New Pence UNC $3.00
383 Guyana - 1970 1 Dollar UNC $3.00
384 New Zealand - 1953 1 Crown $5.00
385 Illawarrra Numismatic Association Membership Discount Wooden Nickel Token $1.00
386 San Juan Quality Royale Casino Token $1 Face Value $2.00
388 Artisan Silverworks Temecula, CA Wooden Nickel $1.00
390 1963 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
393 Netherlands East Indies - 1945 S 1 Cent UNC $2.00
394 1964 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
395 1957 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
396 Netherlands Antilles - 1965 2.5 Cents UNC TONED $10.00
397 Virginia Numismatic Association Encased Cent $3.00
398 Netherlands - 1921 1/2 Cent BETTER DATE $3.00
399 Netherlands - 1922 1/2 Cent BETTER DATE $5.00
400 1958 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
451 1959 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
452 Belgium - 1902 1 Centime $1.00
453 Netherlands Antilles - 1959 1 Cent UNC $4.00
454 Belgium - 1901 1 Centime $2.00
455 Canada - 1930 5 Cents NICE $8.00
456 Canada - 1930 5 Cents NICER $10.00
458 Canada - 1948 5 Cents $1.00
461 Barbados - 1973 Proof 5 Cents in OGP $1.00
462 Barbados - 1973 Proof 1 Dollar in OGP $1.00
463 Barbados - 1973 Proof 25 Cents in OGP $1.00
464 Barbados - 1973 Proof 10 Cents in OGP $1.00
465 World Silver - Canada 1882 H Ten Cents $10.00
466 World Silver - Canada 1886 Ten Cents $15.00
467 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse Book High UNC $2.00
469 Trinidad & Tobago - 1973 Proof 10 Cents in OGP $1.00
470 World Silver - Canada 1899 Ten Cents $8.00
471 Trinidad & Tobago - 1973 Proof 1 Cent in OGP $1.00
472 British Virgin Islands - 1974 Proof 10 Cents in OGP cello $1.00
473 Trinidad & Tobago - 1973 Proof 50 Cents in OGP $1.00
474 World Silver - Canada 1908 Ten Cents $4.00
476 British Virgin Islands - 1973 Proof 1 Cent in OGP $1.00
477 Netherlands - 1906 1 Cent NICE $1.00
478 British Virgin Islands - 1973 Proof 25 Cents in OGP $1.00
479 1961 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
480 Barbados - 1980 Proof 25 Cents in OGP cello $1.00
481 1962 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
482 Panama - 1976 Proof 5 Centesimos in OGP cello $1.00
483 Panama - 1976 Proof 10 Centesimos in OGP cello $1.00
484 Netherlands - 1912 1/2 Cent NICE $3.00
485 1963 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
486 1964 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
488 Netherlands East Indies - 1921 1/2 Cent NICE KEY DATE $12.00
490 British Virgin Islands - 1974 Proof 1 Cent in OGP $1.00
491 Denmark - 1920 10 Ore Doubled Die Obverse (date) $5.00
492 India - 2010 10 Rupees UNC $1.00
494 British Virgin Islands - 1974 Proof 5 Cents in OGP cello $1.00
495 France - 1946 C 5 Francs $3.00
497 World Silver - Canada 1874 H 25 Cents $8.00
498 British Virgin Islands - 1974 Proof 10 Cents in OGP $1.00
499 France - 1952 5 Francs KEY DATE $10.00
500 France - 1946 5 Francs $1.00
551 Switzerland - 1906 1 Rappen BETTER DATE $10.00
552 World Silver - Switzerland 1963 1 Franc NICE $5.00
553 Switzerland - 1902 2 Rappen KEY DATE FIRST YEAR $15.00
554 Panama - 1975 Proof 1 Centesimo in OGP $2.00
555 Panama - 1975 Proof 10 Centesimos in OGP $3.00
556 Panama - 1976 Proof 10 Centesimos in OGP $2.00
557 Switzerland - 1910 2 Rappen BETTER DATE $10.00
558 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse Book Low UNC $2.00
559 Panama - 1975 Proof 25 Centesimos in OGP $2.00
561 Panama - 1975 Proof 5 Centesimos in OGP $2.00
562 Panama - 1976 Proof 5 Centesimos in OGP $4.00
568 Panama - 1974 Proof 5 Centesimos in OGP cello $1.00
570 France - 1889 A 5 Centimes $1.00
572 Panama - 1973 Proof 1/10 Balboa in OGP $1.00
573 France - 1854 D 5 Centimes $1.00
574 Barbados - 1973 Proof 1 Cent $1.00
575 Panama - 1973 Proof 1/4 Balboa in OGP $1.00
576 France - 1862 K 5 Centimes $1.00
577 1934 Washington Quarter Medium Motto NICE $15.00
579 Liberia 1941 2 Cents NICE $6.00
580 World Silver - Denmark 1874 25 Ore $6.00
581 Liberia - 1974 Proof 5 Cents in OGP $1.00
583 France - 1856 BB 5 Centimes $1.00
584 Liberia - 1974 Proof 10 Cents in OGP $1.00
585 Mexico Mint Set 1965 (includes silver) $5.00
587 Mexico Mint Set Mixed Dates (includes silver) $5.00
588 France - 1863 K 5 Centimes $2.00
590 France - 1855 D 5 Centimes $1.00
593 France - 1854 K 5 Centimes $1.00
594 Bahamas - 1970 Proof 1 Cent in OGP $1.00
595 France - 1853 D 10 Centimes $1.00
596 France - 1856 K 10 Centimes $1.00
599 France - 1854 W 10 Centimes $1.00
600 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse Book Low UNC $2.00
651 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse Book Low UNC $2.00
652 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse Book Low UNC $2.00
653 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse 012 UNC $2.00
654 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse 012 UNC $2.00
655 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse 012 UNC $2.00
658 World Silver - Austria - 1868 10 Kreuzer $2.00
660 World Silver - Canada 1916 25 Cents $6.00
661 Greece - 1959 10 Drachmai UNC $10.00
663 World Silver - Canada 1921 25 Cents $8.00
664 World Silver - Canada 1921 25 Cents $8.00
666 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse 001 UNC $2.00
667 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse 002 UNC $2.00
670 Barbados - 1973 Proof 1 Cent and 5 Cents in OGP (two coins) $1.00
671 Barbados - 1973 Proof 10 Cents and 25 Cents in OGP (two coins) $1.00
672 Cayman Islands - 1974 Proof 5 Cents and 10 Cents in OGP (two coins) $1.00
673 Bahamas - 1973 and 1974 Proof 1 Cents in OGP (two coins) $1.00
674 Bahamas - 1973 and 1974 Proof 5 Cents in OGP (two coins) $1.00
675 Switzerland - 1921 10 Rappen NICE $8.00
676 Switzerland - 1936 2 Rappen KEY DATE $5.00
677 World Silver - Switzerland 1955 1/2 Franc BETTER DATE $4.00
679 1982 Silver Proof George Washington Commemorative Half Dollar in OGP $11.00
680 1982 Silver Proof George Washington Commemorative Half Dollar in OGP $11.00
681 1982 Silver Proof George Washington Commemorative Half Dollar in OGP $11.00
682 1982 Silver Proof George Washington Commemorative Half Dollar in OGP $11.00
684 World Silver - Saint Thomas & Prince Island (Sao Tome et Principe) 1951 2 1/2 Escudos LOW MINTAGE $25.00
685 1986 Proof 2 CoinStatue of Liberty Set (Silver Dollar and Clad Half) in OGP $22.00
686 1986 Proof 2 CoinStatue of Liberty Set (Silver Dollar and Clad Half) in OGP $22.00
687 Bahamas - 1976 Proof 25 Cents in OGP $1.00
689 Two French Notgeld Tokens $2.00
690 1986 Proof 2 CoinStatue of Liberty Set (Silver Dollar and Clad Half) in OGP $22.00
691 Two French Notgeld Tokens $2.00
692 1986 Proof 2 CoinStatue of Liberty Set (Silver Dollar and Clad Half) in OGP $22.00
693 Mexico - 1954 5 Centavos UNC $3.00
694 World Silver - Japan 1932 50 Sen $6.00
695 Mexico - 1966 20 Centavos UNC $5.00
696 1986 Silver Proof Statue of Liberty Dollar in OGP $20.00
697 World Silver - Canada 1929 10 Cents $3.00
698 1986 Silver Proof Statue of Liberty Dollar in OGP $20.00
699 Mexico - 1973 20 Centavos UNC $6.00
700 World Silver - Canada 1948 10 Cents $3.00
751 1986 Silver Proof Statue of Liberty Dollar in OGP $20.00
752 Mexico - 1955 5 Centavos $1.00
753 Mexico - 1955 5 Centavos $1.00
755 Canada - "Heads and Tails" RCM Mint Booklet with 1968 Mint Set $5.00
756 Four Canada 1991 UNC Cents (4 coins) in OGP CELLO $1.00
757 Four Canada 1991 UNC 5 Cents (4 coins) in OGP CELLO $1.00
759 Four Canada 1991 UNC 10 Cents (4 coins) in OGP CELLO $2.00
760 Philippines - 1975 Proof 10 Cents in OGP $1.00
761 Nepal 1974 Proof Set LOW MINTAGE $3.00
762 Philippines - 1975 Proof 5 Cents in OGP $1.00
766 Four Canada 1991 UNC 50 Cents (4 coins) in OGP CELLO $4.00
767 Four Canada 1991 UNC 1 Dollar (4 coins) in OGP CELLO $7.00
768 Belize 1974 Uncirculated Specimen Set in OGP $25.00
771 Jamaica - 1976 Proof 1 Cent in OGP $1.00
773 1961 Silver Proof Washington Quarter DEEP CAMEO $10.00
774 1964 D Washington Quarter UNC TONED $8.00
775 1961 Silver Proof Washington Quarter DEEP CAMEO $10.00
776 1974 P Kennedy Half Dollar UNC MINT CELLO $2.00
777 Poland - 2014 2 Zlotych UNC $2.00
778 Two Mixed World Coins $1.00
779 1959 Silver Proof Washington Quarter DEEP CAMEO $10.00
780 1956 Silver Proof Washington Quarter $6.00
781 1956 Silver Proof Washington Quarter $6.00
782 Two Mixed Tokens $1.00
783 1976 P Kennedy Half Dollar UNC MINT CELLO $2.00
785 1956 Silver Proof Washington Quarter $6.00
787 1941 S "Large S" Lincoln Wheat Cent $1.00
789 1953 Silver Proof Washington Quarter NICE $20.00
794 2011 S Silver Proof Glacier Quarter $6.00
795 St Pierre & Miquelon - 1948 1 Franc UNC $8.00
796 2013 S Silver Proof Great Basin Quarter $6.00
800 1995 Lincoln Cent Doubled Die Obverse $20.00
851 1971 Lincoln Memorial Cent NGC MS67RD (Price Guide $195)
852 1971 Jefferson Nickel NGC MS66 6FS (Price Guide $125)
853 1946 S Roosevelt Dime NGC MS67FT (Price Guide $95)
854 World Silver - Egypt AH1293 (Year 10; 1884) 10 Qirsh $12.00
856 1965 Roosevelt Dime NGC MS67 FULL TORCH (Price Guide $750)
857 1965 Washington Quarter NGC MS66 (Price Guide $30)
858 1971 Washington Quarter NGC MS66 (Price Guide $50)
859 1971 D Washington Quarter NGC MS67 (Price Guide $65)
860 1963 D Franklin Half Dollar NGC MS65 FULL BELL LINES (Price Guide $190)
861 1971 D Kennedy Half Dollar NGC MS67 (Price Guide $120)
862 1971 P Eisenhower Dollar NGC MS65 (Price Guide $80)
863 1825 Half Cent NGC VG10BN (Price Guide $85)
864 1939 S Jefferson Nickel PCGS MS65 Rev 1940 (Price Guide $90)
865 1943 P Silver Jefferson Nickel DDO (Doubled Eye) NGC XF45 (Price Guide $75)
866 1941 D Jefferson Nickel NGC MS66 5 Full Steps (Price Guide $40)
867 1941 D Jefferson Nickel NGC MS67 5 Full Steps (Price Guide $175)
868 2011 S Silver Proof Chickasaw Quarter $6.00
869 2013 S Silver Proof White Mountain Quarter $6.00
870 1943 D Jefferson Nickel Old NGC MS67 (Price Guide $90)
871 1956 D Jefferson Nickel NGC MS65 TONED (Price Guide $20)
872 1956 D Jefferson Nickel NGC MS65 TONED (Price Guide $20)
873 1958 Proof Jefferson Nickel NGC PF69 (Price Guide $110)
874 1978 D Jefferson Nickel NGC MS66 5 Full Steps (Price Guide $60)
875 1945 S Micro S Mercury Dime NGC MS66 (Price Guide $140)
876 1946 S/S Washington Quarter RPM-002 NGC MS65 (Price Guide $75)
877 1946 S/S Washington Quarter RPM-002 NGC MS65 (Price Guide $75)
878 1947 S/S Washington Quarter RPM-001 NGC MS66 (Price Guide $285)
879 1950 Washington Quarter DDR NGC MS66 (Price Guide $150)
880 1957 Washington Quarter Type B Reverse PCGS MS66 (Price Guide $110)
881 1958 Washington Quarter Type B Reverse NGC MS65 (Price Guide $100)
882 2013 S Silver Proof Fort McHenry Quarter $6.00
883 1959 Washington Quarter Type B Reverse NGC MS64 (Price Guide $40)
884 1959 Washington Quarter Type B Reverse NGC MS64 (Price Guide $40)
885 1959 Washington Quarter Type B Reverse NGC MS64 (Price Guide $40)
886 Canada - 1962 "Hanging 2" 1 Cent UNC $8.00
887 1959 Washington Quarter Type B Reverse NGC MS65 (Price Guide $55)
888 1959 Washington Quarter Type B Reverse NGC MS65 (Price Guide $55)
889 1959 Washington Quarter Type B Reverse NGC MS65 (Price Guide $55)
890 1959 Washington Quarter Type B Reverse NGC MS65 (Price Guide $55)
891 1959 Washington Quarter Type B Reverse NGC MS65 (Price Guide $55)
892 1960 Washington Quarter Type B Reverse NGC MS65 (Price Guide $65)
893 1960 Washington Quarter Type B Reverse NGC MS64 (Price Guide $50)
894 1960 Washington Quarter Type B Reverse NGC MS64 (Price Guide $50)
896 1960 Washington Quarter Type B Reverse NGC MS65 (Price Guide $65)
897 1960 Washington Quarter Type B Reverse NGC MS65 (Price Guide $65)
898 1960 Washington Quarter Type B Reverse NGC MS65 (Price Guide $65)
899 1962 Washington Quarter Type B Reverse PCGS MS65 (Price Guide $110)
951 1963 Washington Quarter Type B Reverse PCGS MS65 (Price Guide $130)
952 1963 Washington Quarter Type B Reverse NGC MS65 (Price Guide $130)
953 Philippines - 1944 D/D 20 Centavos NGC AU58 RARE Variety (Priced at $55)
954 1942 Walking Liberty Half DDR NGC AU58 (Price Guide $100)
955 1942 Walking Liberty Half DDR PCGS MS67 GEM (Price Guide $6,000)
956 1953 D Franklin Half Bugs Bunny PCGS MS64FBL (Price Guide $170
957 1954 D Franklin Half Bugs Bunny PCGS MS64FBL (Price Guide $100)
958 1954 D Franklin Half Bugs Bunny PCGS MS64FBL (Price Guide $100)
960 1974 D Kennedy Half DDO PCGS AU58 (Price Guide $35)
961 1977 D Kennedy Half DDO NGC AU58 (Price Guide $175)
962 1977 D Kennedy Half DDO NGC AU58 (Price Guide $175)
963 1977 D Kennedy Half DDO NGC MS61 (Price Guide $250)
964 1977 D Kennedy Half DDO NGC MS62 (Price Guide $350)
965 1977 D Kennedy Half DDO ANACS MS63 (Price Guide $100)
966 1977 D Kennedy Half DDO NGC MS65 (Price Guide $250)
967 1977 D Kennedy Half DDO NGC MS65 (Price Guide $250)
968 1885 O Morgan Dollar NGC MS63 TONED (Priced at $100 due to toning)
969 Sterling Silver Cup Engraved "Johnny" 53.3 grams
971 Sterling Silver Cigarette Case Engraved "CML" 67.5 grams
972 2010 S Silver Proof Mount Hood Quarter $6.00
974 2011 S Silver Proof Olympic Quarter $6.00
976 2010 S Silver Proof Yosemite Quarter $6.00
977 1964 D Washington Quarter BU NICE $5.00
978 1959 D Washington Quarter BU NICE $5.00
979 Sterling Silver Tongs 19.1 grams
980 Sterling Silver Tongs 19.0 grams
981 1984 P Kennedy Half Dollar UNC MINT CELLO $2.00
982 1979 P Kennedy Half Dollar UNC MINT CELLO $2.00
983 1959 D Washington Quarter BU NICE $5.00
984 1959 D Washington Quarter BU NICE $5.00
985 France - 1919 10 Centimes NICE $2.00
986 1953 S Silver Washington Quarter NICE $8.00
987 France - 1945 C 5 Francs $2.00
988 France - 1945 C 5 Francs $2.00
989 Sterling Silver Spoon Engraved "Eugene 1892" 10.0 grams
990 France - 1946 C 5 Francs $3.00
991 France - 1946 C 5 Francs $3.00
992 France - 1946 C 5 Francs $3.00
993 France - 1946 C 5 Francs $3.00
994 1964 D Washington Quarter BU NICE $5.00
995 Sterling Silver Spoon Engraved "1893" 10.0 grams
998 1964 Washington Quarter BU NICE $5.00
999 1962 Washington Quarter BU NICE $5.00

It is of nothing unexpected that Nepal is regularly viewed as probably the best spot for movement. It has an astonishing Himalayan excellence, intriguing multicultural viewpoints and characteristic magnificence to coordinate. Guests from all pieces of the world come to Nepal by the thousands consistently, particularly for trekking. All things considered, the travel industry segment of Nepal has a great deal of potential for development and extension.
Following up on this motivation, the Ministry of Culture, Tourism and Civil Aviation (MoCTCA) has wanted to arrange ‘Visit Nepal Year’ in 2020 to pull in more sightseers to the nation. The legislature has set an objective to acquire 2,000,000 voyagers every year by the focused on year. As indicated by Tourism Minister Jitendra Narayan Dev, a secretariat for the Visit Nepal Year will be set up in the blink of an eye to make fundamental arrangements.
In spite of the fact that the MoCTCA had intended to observe Visit Nepal Year in 2018, it was put off because of the deferral in development of air terminals, legacy locales and streets. The 60-day activity plan of the Nepal Visit Year discloses that due need will be given to the early culmination of the development and extension of the universal and local air terminals, legacy destinations and other the travel industry foundation in the nation. The legislature has intended to finish the development of Tribhuwan International Airport and development of Gautama Buddha Airport in Bhairahawa before 2020, alongside the remaking of significant legacy destinations. The service will start the procedure to bring key accomplice for Nepal Airlines Corporation (NAC) — the national banner bearer. It additionally plans to take forward NAC’s proposition to buy two increasingly restricted body airplane.
Besides, the 60-day plan will likewise outline nation shrewd the travel industry advancement technique and its usage an exertion that will help the travel industry advancement associations to complete limited time exercises to tap potential outbound explorers of concerned nations. Right now, India, China, United States of America, United Kingdom and Sri Lanka are the significant nations of travelers’ sources.
Similarly, the nation astute the travel industry advancement methodology is set to tap the outbound voyagers of the neighboring countries to Nepal with regards to rising number of outbound explorers in India and China. Recognizing the explanations for low development in vacationer appearances, Nepal will at that point take vital measures to pull in more sightseers in the nation, as indicated by Minister Dev. He additionally further said that the air administration concurrences with the United Arab Emirates, Turkey and New Zealand will before long be concluded. The activity plan additionally expresses that MoCTCA will audit the air administration concurrences with Thailand, Japan, Egypt and China among others.
The activity plan likewise incorporates plans to revise the Tourism Act, with the vision of making it increasingly logical. It likewise intends to change the Casino Regulation, the Travel and Trekking Regulation and the Mountaineering Expedition Regulation.
Essentially, Tourism Minister Dev has imagined overhauling Nepal Academy of Tourism and Hotel Management to a Tourism University with the point of to narrowing the hole between HR in the travel industry. To set up the Tourism University, the MoCTCA will complete important foundation like surrounding the draft law and land obtaining for the college among others. In like way, a study will likewise be completed by MoCTCA to grow the line organizations of the service and the offices to the common and nearby levels. It will likewise outline a ground breaking strategy for the safeguarding of vacationer locales. The Tourism Act is set to bring an estimation of around 2 million vacationers to Nepal.
Best Recommended Touring/Hiking Package for Visit Nepal 2020
Everest base camp helicopter visit
Everest base camp helicopter visit is a standout amongst other elective approaches to Everest base camp. It presents four hours visit through helicopters and your fantasy makes genuine. This helicopter visit begins from Kathmandu to Kathmandu so this is the best visit for senior citizenship, and little youngster as well. There was no age or different cutoff points to do this visit.
Everest base camp trek
Everest base camp trek is one of the fantasy goals for each guest. The greater part of the individuals make their fantasies to visit Mount Everest base camp in their life. Join Nepal Everest base camp trekking organization and make your outing lifetime noteworthy.
Annapurna Base Camp Trek
Annapurna base camp trek is one of the short and simple high elevation treks than other trekking. This offers you a great perspective on the Mount Annapurna go and other high piles of Annapurna areas. Annapurna base camp trekking term will be relied upon the voyager’s decision it takes to the last goal from 6 to 10 days which had been assisted with fitting in numerous sorts of guests.
Ghorepani Poonhill trek
Ghorepani Poonhill trek is one of the most well known short trekking courses in Nepal. It takes 2 days trekking schedule to 6 days trekking agenda. Ghorepani Poonhill trek exhibits a radiant view from the Ghorepani and Poonhill. Poonhill is the best dawn/dusk perspective of Nepal. You can see the best perspective on the Mount Annapurna mount Dhaulagiri, Mount Fishtail and other high heaps of Annapurna districts.
Khopra Danda Trek
A recently opened path in Annapurna district which is a slanting path in Nepal. Which gives you one of the various sorts of understanding to visit the Annapurna district. It displays a Ghorepani course and afterward picks diversely to Khopra danda so you have increasingly discretionary view goals to this course. We generously suggested this course for Nepal guests in 2020 with our accomplished travel authority and trekking guide/potters.
EBC Chola Pass Gokyo Lake Trek
EBC Chola passes Gokyo trek presents Everest base camp involvement in one of the most famous high pass Chola pass and afterward Gokyo Lake of the Everest. This is the best trekking trail of Everest do take the best perspective on the high mountains including Mount Everest, mount Amadamlam, Pumori and different mountains.
Annapurna Circuit trek
Annapurna base camp trek is a well known trekking trail in Nepal since this trekking course experiences the most elevated go on the planet. So this course gives you an additional best involvement in mountains way of life and condition.
Trekking Package for 2020
Everest high pass trekking
Langtang valley trek
Mardi Himal Trek
Upper horse trek
Gosainkunda pass trek
Visit bundle for 2020
Kathmandu Nagarkot bundle.
Pokhara Chitwan visit
Upper Mustang Jeep visit
Lumbini visit
Buddhist legacy visit

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Pigeon Travel & Tours (p) Ltd
Thamel,Kathmandu,Nepal
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First of all let us discuss the types of taxation system in Nepal.

Types of Taxation in Nepal for Businesses

We may hate taxation, everybody does. But we know that we can’t avoid it either. And, especially if you are an aspiring start-up venture with long run vision and looking for scaling-up through external financing, you should never avoid paying taxes. I would tell you why on next article, but for now I want to drag your attention towards the tax-responsibilities of a start-up ventures registered as a company. Click here for full info in Types of Taxation in Nepal
There are three types of tax, businesses have to pay attention for and they are as discussed below:
1. Tax Deducted at Source (TDS) Return File:
TDS is amount deducted from the payment made in course of business, employment or investment transactions by the company to the various recipients. Such transactions include, but are not limited to, payment of salaries, interests, rents, royalties, general insurance, dividends, other services etc. That suggests, if the company makes payment for above mentioned reasons, it should do so only after deducting a certain percentage from the total amount and shall deposit the deducted amount to the government coffers. The applicable TDS rate ranges from 1.5% to 15% depending upon the nature of transaction.
In order to return file the TDS, company must prepare a monthly TDS statement detailing the transactions; recipients of payment, amount and TDS amount. Such statement along with the TDS amount should be submitted to the concerned Inland Revenue Office (Tax Office) until the 15th day of the following month. A TDS statement need not be submitted for months in which no TDS was deducted.

1. Value Added Tax (VAT) Return File:

VAT is probably the most ‘recognized’ form of taxation in Nepal as almost all the businesses with annual sales revenue is Rs. 20 lakhs and above shall registered in VAT and file periodic VAT return. Additionally, the ventures with less than that revenue threshold can also voluntarily register for VAT. Except for the ventures with No or Low sales revenue, it is advisable for the start-ups to get themselves registered in the VAT.
Once registered, the company must collect Sales Book, Purchase Book, and VAT Account and collect VAT on sales and provide customer with tax invoice. The tax invoice will require the name and address of the seller and the purchaser, the seller`s PAN number and invoice number, the date of the transaction and a description of the sale including the number of items purchased, the unit cost of each item and a mention of any discounts given.
The tax invoice must be prepared in three copies and the first copy should be clearly identified as a tax invoice. The original copy is to be given to the purchaser; the second copy is to be retained for audit purposes while the bottom copy is for use by the seller in preparing a record of the transaction.
The difference of VAT collected on sales to VAT charged on purchases determines the amount a company must deposit to the government. Company must submit VAT return and pay tax within the 25th day of the following month. In general, VAT are payable monthly. However, if the company’s monthly transaction in very low, it can file VAT returns on bi-monthly or quarterly basis.

1. Income Tax:

Income tax here referred to the corporate tax that the venture needs to pay on its profit-income. No venture is exempt from paying income tax. In Nepal, income tax is paid on the basis of venture’s own tax assessment unless the tax office find reason to review, alter or even investigate on such tax declaration.
Venture compulsorily needs to file advance tax return (Tax Payable) three times a year in following installments,
· by the end of the month of Poush 40% of the estimated annual tax payable
· by the end of the month of Chaitra 70% of the estimated annual tax payable
· by the end of the month of Ashad 100% of the estimated annual tax payable
The Inland Revenue Office may verify on the tax assessment provided by the venture. In addition, the office might opt to conduct a full-fledge assessment (tax audit) on the suspicion of the fraud, any time within four years.
Now we discuss
Taxation in Nepal
Nepal levies a wide variety of taxes, including income tax (corporate income tax and personal income tax), value added tax, excise duty, custom duty, property related tax (land registration tax, property transfer tax) and others like stamp duty. Click here Taxation in Nepal for complete info.
A. Direct Taxes
· Income Year:
Mid-July of one year to Mid-July of another year (Shrawan to Ashad as per Nepalese Calendar)
· Corporate Income Tax:
The taxability of the income of a person in Nepal is based on two broad principles. Any resident person generating income or receiving any payment from outside Nepal is taxed on the basis of ‘Residence Principle’. Similarly, in case of non-resident person generating income or receiving any payment from various income heads viz. employment, business, investment or win fall gain, it is taxed in Nepal on the basis of ‘Source Principle’.
An entity is resident in Nepal if it is registered / formed as per the laws of Nepal.
· Tax Rate:
Statutory corporate income tax rate on resident person is 25%. However, entities operating banking and General Insurance Business, dealing petroleum products, producing cigarettes, cigars, liquors and other related products are subject to 30% tax rates. Similarly, 20% income tax rate is applicable to
- Special Industries (Manufacturing industries specified in Industrial Enterprises Act)
- Entities operating road, bridge, tunnel, rope-way or overhead bridge upon construction
- Entities operating trolley bus or tram - Cooperatives other than fully exempt from tax
- Income from export
- Entities constructing public infrastructures on BOOT (Build-Own-Operate-Transfer) model
- Entities involved in construction of Electricity Powerhouse, Production and Transmission lines
Amount repatriated by Foreign Permanent Establishment (FPE) of a Non-Resident is subject to tax at the rate of 5%.
· Taxable Income:
Taxable Income = Total Income – Exempted Income – Deductions – Unabsorbed Losses
· Total Income:
Income means Income from Employment, Business, Investment or Win fall gain and includes the Total Income derived as per Income Tax Act, 2002
Deductions
· General Deduction:
Any expenses incurred by a person in connection with generation of income from business or investment during an Income Year are allowed as deduction.
· Interest:
Any interest incurred by a person from the borrowed money in connection with generation of income from business or investment during an Income Year is allowed as deduction.
· Cost of Trading Stock:
The cost of trading stock calculated either on first-in-first out basis or weighted average cost basis is allowed as deduction.
· Repair and Maintenance Expense:
Repair and Maintenance Expense of depreciable asset, owned and used by the person, incurred in connection with generation of income from business or investment during an Income Year subject to maximum of 7% of depreciation base at the closing of the year is allowed as deduction. The limit is not applicable to Airline Company if it is within the parameter of Civil Aviation Authority. Further, the amount or part thereof, which is in excess of limit, can be added to the depreciation basis prevailing in the beginning of subsequent Income Year, of the pool to which it relates.
· Pollution Control Cost:
Pollution Control Cost incurred in connection with conducting the business during an Income Year subject to maximum of 50% of adjustable taxable income from all business conducted by the person is allowed as deduction. The amount or part thereof, which is in excess of limit, can be capitalized in the asset in the beginning of subsequent Income Year and depreciation is allowed subsequently.
· Research and Development Cost:
Research and Development Cost incurred in connection with conducting the business during an Income Year subject to maximum of 50% of adjustable taxable income from all business conducted by the person is allowed as deduction. The amount or part thereof, which is in excess of limit, can be capitalized in the asset in the beginning of subsequent Income Year and depreciation is allowed subsequently.
· Deprecation:
Depreciation of depreciable asset, owned and used by the person, in connection with generation of income from business or investment during an Income Year is allowed as deduction. Depreciation is allowed as per written down value (WDV) basis method and depreciable assets are categorized into various pools, the rate of depreciation is prescribed by Tax Authority as follows:
Accelerated Depreciation of 1/3 of applicable rate is also available in case of following entities
- Special Industries
- Hydro Power and Power Generation
- Tram and Trolley
- Export Oriented Industries
- Entities engaged in infrastructure development under BOOT scheme
- Co-operative registered under Co-operative Act (Only for tax exempt)
Non-Deductibles
Any expense which is not related to generation of income is not allowed for deductions. Further, expense which is of personal nature is not deductible.
· Losses Carried Forward:
Losses can be carried forward up to seven years from the year of occurrence. However, in case of special industries like entities dealing in petroleum products, BOOT projects, Projects involved in Electricity Power House, Generation and Transmission are allowed to carry forward up to twelve years. In case of long term contract obtained from international bidding losses can be carried back.
· Deemed Taxable Income:
If a business cannot provide complete and accurate information on costs and income while calculating taxable income, the Tax Authority has right to deem and assess the taxable income according to laws.
· Foreign Tax Credit:
In case that a resident person has paid overseas income tax on its taxable income derived from sources outside Nepal, the income tax paid overseas can be adjusted against its tax payable in Nepal. However, the adjustable amount of overseas income tax cannot exceed the amount of income tax otherwise payable in Nepal in respect of non-Nepal sourced income.
· Tax Avoidance Scheme:
If a person makes any arrangement with the purpose of avoiding or reducing tax liability, Tax Authority may, for the purpose of determination of tax liability, re-characterize the arrangement or part of it. Similarly, if a person does any transaction with a purpose to reduce tax liability entering into ‘Transfer Pricing’ or ‘Income Splitting’ arrangement, Tax Authority has the power to re-characterize and assess the tax.
Personal Income Tax
An individual is resident in Nepal if he resides for a period of 183 days or more in 365 consecutive days. A person who is not resident of Nepal is non-resident individual. Income of an individual resident is taxed on progressive rate as follows:
The following amounts are deductibles.
- Contribution to Retirement Payment up to maximum of NPR 300,000
- Donation to tax exempted entities up to maximum of NPR 100,000
- Insurance premium up to NPR 20,000
- Remote area allowances up to maximum of NPR 50,000
Further, medical tax credit up to maximum of NPR 750 is allowed and remaining can be carried forward. Additionally, 10% tax rebate is allowed to female individual.
Withholding Taxes:
(For complete details about this click here Taxation in Nepal )
Following Advance Taxes are applicable:
· Gain on Sale of Shares:
- In case of sale by a natural person - 5% - Listed Company, 10% - Unlisted Company
- In case of sale by any other person - 10% - Listed Company, 15% - Unlisted Company.
However, normal tax rate is applicable to a person other than natural person and advance tax paid can be allowed to set off from final tax liability.
· Gain on Transfer of Land & Building:
Gain on transfer of land or land & building on transaction exceeding NPR 3 million (to be collected by land revenue office at the time of registration) in case of natural person
- Disposal of land or land & building owned for more than 5 years – up to 2.5%
- Disposal of land or land & building owned up to 5 years – up to 5%
- In other case – normal tax rate applicable
· Change of Control:
Where there is change of 50% or more in the underlying ownership of an entity as compared with its ownership 3 years previously, the entity shall be treated as disposing off any assets and any liabilities owned by it. Where there is change in ownership during the Income Year of an entity, the parts of the Income Year before and after the change in ownership are treated as separate Income Years.
Compliance Requirement
· Income Tax Return:
Within three months from the end of Income Year. If application is made to Tax Office for extension, IRD may extend such notice for maximum of three months.
· Advance Tax Return:
Based on estimated tax liability
- Within Mid-January (Poush end) of Income Year (First Installment) – 40% of Tax Liability
- Within Mid-April (Chaitra end) of Income Year (Second Installment) – 70% of Tax Liability
- Within Mid-July (Ashad end) of Income Year (third Installment) – 100% of Tax Liability
· Tax Assessment:
Assessment system is based on Self-Assessment. However, an assessment under Self-Assessment scheme may be subject to review and amendment by Tax Authority which can be performed within four years from the date of submission of Income Tax Return.
· Advance Ruling:
If there is ambiguity in application of any issue as per Income Tax Act, there is provision of making application for advance ruling to IRD and the instruction issued by IRD is binding to the applicant.
· Appeal:
If the taxpayer is not satisfied with the decision of amended assessment by Tax Authority, the taxpayer has a right to apply for administrative review by depositing one third of disputed amount and further to Revenue Tribunal by depositing half of principal portion of disputed amount and full portion of fines and penalties.
B. In-directed Taxes
VAT
· Applicability:
VAT is applicable on supply of goods or services;
- supplied into Nepal,
- imported into Nepal, and
- exported from Nepal
Some goods or services which are of basic necessities and agro-products are exempted and some are zero rated (export of services)
· Tax Rate: - Single rate 13%
· Registration:
Every person supplying the goods crossing threshold of NPR 5 million and supplying services or goods & services both crossing the limit of NPR 2 million are required to be registered under VAT.
· Taxable Value:
Taxable Value means the price the supplier receives from recipient including expenses related to transportation and the amount of profit plus excise duty, ownership fee and other taxes but excludes discount, commission or other similar commercial rebates.
· VAT Records:
Purchase book, Sales Book and VAT records, either manual or computerized, are the basic records to be maintained by a registered person.
· VAT Credit and Refund:
VAT paid on purchase of raw materials and expenses on production of finished goods are allowed to take credit within one year from the date of transaction. VAT credit is allowed for goods or services exported out of country and charged at zero rate. Input tax credit of a tax period which could not be adjusted against next six consecutive months, the taxpayer can claim the refund. Similarly, in case of more than 40 percent of export out of total sales in a tax period is eligible for refund of Such excess tax paid in the same tax period. Such refund shall be made within 3 years from the end of tax period.
· VAT Return:
Every registered taxpayer is required to submit VAT return within 25 days from the end of Nepalese Calendar month. However, certain industries like publishing houses and brick industry can opt for quarterly submission.
· Facilities:
Bank guarantee facility is available for VAT payable on purchase of raw materials and services for those industries exporting more than 40% of its production during previous 12 months.
· Tax Assessment:
Assessment system is based on Self-Assessment. However, an assessment under SelfAssessment scheme may be subject to review and amendment by Tax Authority which can be performed within four years from the date of submission of VAT Return.
· Advance Ruling:
If there is ambiguity in application of any issue as per VAT Act, there is provision of making application for advance ruling to IRD and the instruction issued by IRD is binding to the applicant.
· Appeal:
If the taxpayer is not satisfied with the decision of amended assessment by Tax Authority, the taxpayer has a right to apply for administrative review by depositing one third of disputed amount and further to Revenue Tribunal by depositing half of principal portion of disputed amount and full portion of fines and penalties.
Excise Duty
· Applicable Act: Excise Act 2002 & Excise Rules 2003 and amendment made by Finance Act from time to time.
· Applicability: Excise Duty is applicable to goods/services produced/imported into Nepal. Relaxation and exemption are mentioned to certain goods produced in Nepal.
· Tax Rate: Specific to individual item based on specific rate or ad-valorem basis.
· Valuation: On production – Factory Price and On Import –Value for custom purpose plus custom duty
· Licensing: No one can manufacture, import, sale or store a product without taking license. License taken is valid for one year and has to be renewed by paying renewal fee.
· Excise Duty Credit: Excise duty paid on purchase of raw materials and auxiliary materials allowed. No excise duty credit is allowed to packaging materials.
· Management System: Physical Control System – in case of liquor, cigarette and tobacco. Self-Removal System – in case of other goods.
· Facilities: Bank Guarantee Facility is provided to goods imported through boned warehouse. Full exemption of excise duty is provided in case of export. Similarly, full exemption is provided to industries producing goods using scrap more than 90%.
· Records: Records of excisable goods purchased, produced, sold, released and balance of stock as certified by excise duty officer.
· Time of Payment:
For complete details about this click here Taxation in Nepal .
· Excise Return:
Within 25 days from the end of Nepalese Calendar month.
· Advance Ruling: If there is ambiguity in application of any issue as per Excise Act, there is provision of making application for advance ruling to IRD and the instruction issued by IRD is binding to the applicant.
· Appeal: If the taxpayer is not satisfied with the decision of amended assessment by Tax Authority, the taxpayer has a right to apply for administrative review by depositing one third of disputed amount and further to Revenue Tribunal.
Custom Duty
· Applicable Act: Customs Act 2007 & Customs Rules 2007 and amendment made by Finance Act from time to time.
· Applicability: Custom Duty is applicable to import and export of goods and services. Tax Rate: Specific to individual item (as prescribed in tariff on the basis of HS code)
· Taxable Value: Based on transaction value determined as per General Agreement on Tariff and Trade 1994 and valuation principles mentioned in Customs Act.
· Facilities: Bank Guarantee Facility is provided to export industries and Duty Free Shops. Further, certain custom exemption is provided to those industries established in Special Economic Zone (SEZ). Special exemption/concession is provided to those goods if imported from neighboring countries like China, India. Also, concessional tariff rate applicable for the import of those goods which are imported under bilateral/multilateral agreement.
· Post Clearance Audit (PCA): Custom Authority can make PCA after clearance of goods as required.
· Appeal and Review: If an importer is not satisfied with the valuation made by Custom Authority, he can apply to Valuation Review Committee.
Other Taxes
· Health Service Tax: 5% of health service invoices of all entities providing health services except for those provided by Government of Nepal and Community Hospitals shall be charged.
· Education Service Fee: 1% on monthly fee and admission fee (Applicable to private sector schools providing more than higher level secondary education)
· Telecommunication Service Charge: To be charged from customer 11% of the collected amount.
· Telephone Ownership Fee: Rs. 1,000 per connection in case of postpaid and 2% of value of SIM and Recharge Card
· Infrastructure Tax: Rs. 5 per liter for import of petrol, diesel and aviation fuel.
· Road Repair and Improvement Fee: Rs. 4 per liter in petrol and Rs. 2 per liter in Diesel
· Pollution Control Fee: Re. 0.50 per liter in petrol and diesel
· Casino Royalty: Annual License Fee for Casino – Rs. 30 million. Annual License Fee for Casino using only modern equipment and machines – Rs. 7.5 million
Click here Taxation in Nepal for complete info on tax system in Nepal. For the Consulting about the complete taxation system of Nepal I recommend you to click here Reanda Bizserve.

Here in this topic I'm going to share you all info about Taxation System in Nepal. All this info is carried out from here. Nepal levies a wide variety of taxes, including income tax (corporate income tax and personal income tax), value added tax, excise duty, custom duty, property related tax (land registration tax, property transfer tax) and others like stamp duty.
A. Direct Taxes
Income Year:
Mid-July of one year to Mid-July of another year (Shrawan to Ashad as per Nepalese Calendar)
Corporate Income Tax
The taxability of the income of a person in Nepal is based on two broad principles. Any resident person generating income or receiving any payment from outside Nepal is taxed on the basis of ‘Residence Principle’. Similarly, in case of non-resident person generating income or receiving any payment from various income heads viz. employment, business, investment or win fall gain, it is taxed in Nepal on the basis of ‘Source Principle’.
An entity is resident in Nepal if it is registered / formed as per the laws of Nepal.
Tax Rate
Statutory corporate income tax rate on resident person is 25%. However, entities operating banking and General Insurance Business, dealing petroleum products, producing cigarettes, cigars, liquors and other related products are subject to 30% tax rates. Similarly, 20% income tax rate is applicable to
- Special Industries (Manufacturing industries specified in Industrial Enterprises Act)
- Entities operating road, bridge, tunnel, rope-way or overhead bridge upon construction
- Entities operating trolley bus or tram - Cooperatives other than fully exempt from tax
- Income from export
- Entities constructing public infrastructures on BOOT (Build-Own-Operate-Transfer) model
- Entities involved in construction of Electricity Powerhouse, Production and Transmission lines
Amount repatriated by Foreign Permanent Establishment (FPE) of a Non-Resident is subject to tax at the rate of 5%.
Taxable Income
Taxable Income = Total Income – Exempted Income – Deductions – Unabsorbed Losses
Total Income
Income means Income from Employment, Business, Investment or Win fall gain and includes the Total Income derived as per Income Tax Act, 2002
For details follow this small informative link http://bizserve.com.np/wp-content/uploads/2017/12/DBIN-Part-4.pdf
Deductions
General Deduction
Any expenses incurred by a person in connection with generation of income from business or investment during an Income Year are allowed as deduction.
Interest
Any interest incurred by a person from the borrowed money in connection with generation of income from business or investment during an Income Year is allowed as deduction.
Cost of Trading Stock
The cost of trading stock calculated either on first-in-first out basis or weighted average cost basis is allowed as deduction.
Repair and Maintenance Expense
Repair and Maintenance Expense of depreciable asset, owned and used by the person, incurred in connection with generation of income from business or investment during an Income Year subject to maximum of 7% of depreciation base at the closing of the year is allowed as deduction. The limit is not applicable to Airline Company if it is within the parameter of Civil Aviation Authority. Further, the amount or part thereof, which is in excess of limit, can be added to the depreciation basis prevailing in the beginning of subsequent Income Year, of the pool to which it relates.
Pollution Control Cost
Pollution Control Cost incurred in connection with conducting the business during an Income Year subject to maximum of 50% of adjustable taxable income from all business conducted by the person is allowed as deduction. The amount or part thereof, which is in excess of limit, can be capitalized in the asset in the beginning of subsequent Income Year and depreciation is allowed subsequently.
Research and Development Cost
Research and Development Cost incurred in connection with conducting the business during an Income Year subject to maximum of 50% of adjustable taxable income from all business conducted by the person is allowed as deduction. The amount or part thereof, which is in excess of limit, can be capitalized in the asset in the beginning of subsequent Income Year and depreciation is allowed subsequently.
Deprecation
Depreciation of depreciable asset, owned and used by the person, in connection with generation of income from business or investment during an Income Year is allowed as deduction. Depreciation is allowed as per written down value (WDV) basis method and depreciable assets are categorized into various pools, the rate of depreciation is prescribed by Tax Authority as follows
📷
Accelerated Depreciation of 1/3 of applicable rate is also available in case of following entities
- Special Industries
- Hydro Power and Power Generation
- Tram and Trolley
- Export Oriented Industries
- Entities engaged in infrastructure development under BOOT scheme
- Co-operative registered under Co-operative Act (Only for tax exempt)
Non-Deductibles
Any expense which is not related to generation of income is not allowed for deductions. Further, expense which is of personal nature is not deductible.
Losses Carried Forward
Losses can be carried forward up to seven years from the year of occurrence. However, in case of special industries like entities dealing in petroleum products, BOOT projects, Projects involved in Electricity Power House, Generation and Transmission are allowed to carry forward up to twelve years. In case of long term contract obtained from international bidding losses can be carried back.
Deemed Taxable Income
If a business cannot provide complete and accurate information on costs and income while calculating taxable income, the Tax Authority has right to deem and assess the taxable income according to laws.
Foreign Tax Credit
In case that a resident person has paid overseas income tax on its taxable income derived from sources outside Nepal, the income tax paid overseas can be adjusted against its tax payable in Nepal. However, the adjustable amount of overseas income tax cannot exceed the amount of income tax otherwise payable in Nepal in respect of non-Nepal sourced income.
Tax Avoidance Scheme
If a person makes any arrangement with the purpose of avoiding or reducing tax liability, Tax Authority may, for the purpose of determination of tax liability, re-characterize the arrangement or part of it. Similarly, if a person does any transaction with a purpose to reduce tax liability entering into ‘Transfer Pricing’ or ‘Income Splitting’ arrangement, Tax Authority has the power to re-characterize and assess the tax.
Personal Income Tax
An individual is resident in Nepal if he resides for a period of 183 days or more in 365 consecutive days. A person who is not resident of Nepal is non-resident individual. Income of an individual resident is taxed on progressive rate as follows
📷 (for full info click here Taxation System in Nepal)
The following amounts are deductibles.
- Contribution to Retirement Payment up to maximum of NPR 300,000
- Donation to tax exempted entities up to maximum of NPR 100,000
- Insurance premium up to NPR 20,000
- Remote area allowances up to maximum of NPR 50,000
Further, medical tax credit up to maximum of NPR 750 is allowed and remaining can be carried forward. Additionally, 10% tax rebate is allowed to female individual.
Withholding Taxes
📷
Following Advance Taxes are applicable:
Gain on Sale of Shares
- In case of sale by a natural person - 5% - Listed Company, 10% - Unlisted Company
- In case of sale by any other person - 10% - Listed Company, 15% - Unlisted Company.
However, normal tax rate is applicable to a person other than natural person and advance tax paid can be allowed to set off from final tax liability.
Gain on Transfer of Land & Building
Gain on transfer of land or land & building on transaction exceeding NPR 3 million (to be collected by land revenue office at the time of registration) in case of natural person
- Disposal of land or land & building owned for more than 5 years – up to 2.5%
- Disposal of land or land & building owned up to 5 years – up to 5%
- In other case – normal tax rate applicable
Change of Control
Where there is change of 50% or more in the underlying ownership of an entity as compared with its ownership 3 years previously, the entity shall be treated as disposing off any assets and any liabilities owned by it. Where there is change in ownership during the Income Year of an entity, the parts of the Income Year before and after the change in ownership are treated as separate Income Years.
Compliance Requirement
Income Tax Return
Within three months from the end of Income Year. If application is made to Tax Office for extension, IRD may extend such notice for maximum of three months.
Advance Tax Return
Based on estimated tax liability
- Within Mid-January (Poush end) of Income Year (First Installment) – 40% of Tax Liability
- Within Mid-April (Chaitra end) of Income Year (Second Installment) – 70% of Tax Liability
- Within Mid-July (Ashad end) of Income Year (third Installment) – 100% of Tax Liability
Tax Assessment
Assessment system is based on Self-Assessment. However, an assessment under Self-Assessment scheme may be subject to review and amendment by Tax Authority which can be performed within four years from the date of submission of Income Tax Return.
Advance Ruling
If there is ambiguity in application of any issue as per Income Tax Act, there is provision of making application for advance ruling to IRD and the instruction issued by IRD is binding to the applicant.
Appeal
If the taxpayer is not satisfied with the decision of amended assessment by Tax Authority, the taxpayer has a right to apply for administrative review by depositing one third of disputed amount and further to Revenue Tribunal by depositing half of principal portion of disputed amount and full portion of fines and penalties.
B. Indirected Taxes
(for full info click here Taxation System in Nepal)
VAT
Applicability:
VAT is applicable on supply of goods or services;
- supplied into Nepal,
- imported into Nepal, and
- exported from Nepal
Some goods or services which are of basic necessities and agro-products are exempted and some are zero rated (export of services)
Tax Rate - Single rate 13%
Registration
Every person supplying the goods crossing threshold of NPR 5 million and supplying services or goods & services both crossing the limit of NPR 2 million are required to be registered under VAT.
Taxable Value
Taxable Value means the price the supplier receives from recipient including expenses related to transportation and the amount of profit plus excise duty, ownership fee and other taxes but excludes discount, commission or other similar commercial rebates.
VAT Records
Purchase book, Sales Book and VAT records, either manual or computerized, are the basic records to be maintained by a registered person.
VAT Credit and Refund
VAT paid on purchase of raw materials and expenses on production of finished goods are allowed to take credit within one year from the date of transaction. VAT credit is allowed for goods or services exported out of country and charged at zero rate. Input tax credit of a tax period which could not be adjusted against next six consecutive months, the taxpayer can claim the refund. Similarly, in case of more than 40 percent of export out of total sales in a tax period is eligible for refund of Such excess tax paid in the same tax period. Such refund shall be made within 3 years from the end of tax period.
VAT Return
Every registered taxpayer is required to submit VAT return within 25 days from the end of Nepalese Calendar month. However, certain industries like publishing houses and brick industry can opt for quarterly submission.
Facilities
Bank guarantee facility is available for VAT payable on purchase of raw materials and services for those industries exporting more than 40% of its production during previous 12 months.
Tax Assessment
Assessment system is based on Self-Assessment. However, an assessment under SelfAssessment scheme may be subject to review and amendment by Tax Authority which can be performed within four years from the date of submission of VAT Return.
Advance Ruling
If there is ambiguity in application of any issue as per VAT Act, there is provision of making application for advance ruling to IRD and the instruction issued by IRD is binding to the applicant.
Appeal
If the taxpayer is not satisfied with the decision of amended assessment by Tax Authority, the taxpayer has a right to apply for administrative review by depositing one third of disputed amount and further to Revenue Tribunal by depositing half of principal portion of disputed amount and full portion of fines and penalties.
Excise Duty
Applicable Act: Excise Act 2002 & Excise Rules 2003 and amendment made by Finance Act from time to time.
Applicability: Excise Duty is applicable to goods/services produced/imported into Nepal. Relaxation and exemption are mentioned to certain goods produced in Nepal.
Tax Rate: Specific to individual item based on specific rate or ad-valorem basis.
Valuation: On production – Factory Price and On Import –Value for custom purpose plus custom duty
Licensing: No one can manufacture, import, sale or store a product without taking license. License taken is valid for one year and has to be renewed by paying renewal fee.
Excise Duty Credit: Excise duty paid on purchase of raw materials and auxiliary materials allowed. No excise duty credit is allowed to packaging materials.
Management System: Physical Control System – in case of liquor, cigarette and tobacco. Self-Removal System – in case of other goods.
Facilities: Bank Guarantee Facility is provided to goods imported through boned warehouse. Full exemption of excise duty is provided in case of export. Similarly, full exemption is provided to industries producing goods using scrap more than 90%.
Records: Records of excisable goods purchased, produced, sold, released and balance of stock as certified by excise duty officer.
Time of Payment:
📷
Excise Return:
Within 25 days from the end of Nepalese Calendar month.
Advance Ruling:
If there is ambiguity in application of any issue as per Excise Act, there is provision of making application for advance ruling to IRD and the instruction issued by IRD is binding to the applicant.
Appeal:
If the taxpayer is not satisfied with the decision of amended assessment by Tax Authority, the taxpayer has a right to apply for administrative review by depositing one third of disputed amount and further to Revenue Tribunal.
Custom Duty
Applicable Act: Customs Act 2007 & Customs Rules 2007 and amendment made by Finance Act from time to time.
Applicability: Custom Duty is applicable to import and export of goods and services. Tax Rate: Specific to individual item (as prescribed in tariff on the basis of HS code)
Taxable Value: Based on transaction value determined as per General Agreement on Tariff and Trade 1994 and valuation principles mentioned in Customs Act.
Facilities: Bank Guarantee Facility is provided to export industries and Duty Free Shops. Further, certain custom exemption is provided to those industries established in Special Economic Zone (SEZ). Special exemption/concession is provided to those goods if imported from neighboring countries like China, India. Also, concessional tariff rate applicable for the import of those goods which are imported under bilateral/multilateral agreement.
Post Clearance Audit (PCA): Custom Authority can make PCA after clearance of goods as required.
Appeal and Review: If an importer is not satisfied with the valuation made by Custom Authority, he can apply to Valuation Review Committee.
Other Taxes
Health Service Tax: 5% of health service invoices of all entities providing health services except for those provided by Government of Nepal and Community Hospitals shall be charged.
Education Service Fee: 1% on monthly fee and admission fee (Applicable to private sector schools providing more than higher level secondary education)
Telecommunication Service Charge: To be charged from customer 11% of the collected amount.
Telephone Ownership Fee: Rs. 1,000 per connection in case of postpaid and 2% of value of SIM and Recharge Card
Infrastructure Tax: Rs. 5 per liter for import of petrol, diesel and aviation fuel.
Road Repair and Improvement Fee: Rs. 4 per liter in petrol and Rs. 2 per liter in Diesel
Pollution Control Fee: Re. 0.50 per liter in petrol and diesel
Casino Royalty: Annual License Fee for Casino – Rs. 30 million. Annual License Fee for Casino using only modern equipment and machines – Rs. 7.5 million
For more details follow this link Taxation System in Nepal

Nepal levies a wide variety of taxes, including income tax (corporate income tax and personal income tax), value added tax, excise duty, custom duty, property related tax (land registration tax, property transfer tax) and others like stamp duty.
A. Direct Taxes
Income Year:
Mid-July of one year to Mid-July of another year (Shrawan to Ashad as per Nepalese Calendar)
Corporate Income Tax
The taxability of the income of a person in Nepal is based on two broad principles. Any resident person generating income or receiving any payment from outside Nepal is taxed on the basis of ‘Residence Principle’. Similarly, in case of non-resident person generating income or receiving any payment from various income heads viz. employment, business, investment or win fall gain, it is taxed in Nepal on the basis of ‘Source Principle’.
An entity is resident in Nepal if it is registered / formed as per the laws of Nepal.
Tax Rate
Statutory corporate income tax rate on resident person is 25%. However, entities operating banking and General Insurance Business, dealing petroleum products, producing cigarettes, cigars, liquors and other related products are subject to 30% tax rates. Similarly, 20% income tax rate is applicable to
- Special Industries (Manufacturing industries specified in Industrial Enterprises Act)
- Entities operating road, bridge, tunnel, rope-way or overhead bridge upon construction
- Entities operating trolley bus or tram - Cooperatives other than fully exempt from tax
- Income from export
- Entities constructing public infrastructures on BOOT (Build-Own-Operate-Transfer) model
- Entities involved in construction of Electricity Powerhouse, Production and Transmission lines
Amount repatriated by Foreign Permanent Establishment (FPE) of a Non-Resident is subject to tax at the rate of 5%.
Taxable Income
Taxable Income = Total Income – Exempted Income – Deductions – Unabsorbed Losses
Total Income
Income means Income from Employment, Business, Investment or Win fall gain and includes the Total Income derived as per Income Tax Act, 2002
For details follow this small informative link http://bizserve.com.np/wp-content/uploads/2017/12/DBIN-Part-4.pdf
Deductions
General Deduction
Any expenses incurred by a person in connection with generation of income from business or investment during an Income Year are allowed as deduction.
Interest
Any interest incurred by a person from the borrowed money in connection with generation of income from business or investment during an Income Year is allowed as deduction.
Cost of Trading Stock
The cost of trading stock calculated either on first-in-first out basis or weighted average cost basis is allowed as deduction.
Repair and Maintenance Expense
Repair and Maintenance Expense of depreciable asset, owned and used by the person, incurred in connection with generation of income from business or investment during an Income Year subject to maximum of 7% of depreciation base at the closing of the year is allowed as deduction. The limit is not applicable to Airline Company if it is within the parameter of Civil Aviation Authority. Further, the amount or part thereof, which is in excess of limit, can be added to the depreciation basis prevailing in the beginning of subsequent Income Year, of the pool to which it relates.
Pollution Control Cost
Pollution Control Cost incurred in connection with conducting the business during an Income Year subject to maximum of 50% of adjustable taxable income from all business conducted by the person is allowed as deduction. The amount or part thereof, which is in excess of limit, can be capitalized in the asset in the beginning of subsequent Income Year and depreciation is allowed subsequently.
Research and Development Cost
Research and Development Cost incurred in connection with conducting the business during an Income Year subject to maximum of 50% of adjustable taxable income from all business conducted by the person is allowed as deduction. The amount or part thereof, which is in excess of limit, can be capitalized in the asset in the beginning of subsequent Income Year and depreciation is allowed subsequently.
Deprecation
Depreciation of depreciable asset, owned and used by the person, in connection with generation of income from business or investment during an Income Year is allowed as deduction. Depreciation is allowed as per written down value (WDV) basis method and depreciable assets are categorized into various pools, the rate of depreciation is prescribed by Tax Authority as follows
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Accelerated Depreciation of 1/3 of applicable rate is also available in case of following entities
- Special Industries
- Hydro Power and Power Generation
- Tram and Trolley
- Export Oriented Industries
- Entities engaged in infrastructure development under BOOT scheme
- Co-operative registered under Co-operative Act (Only for tax exempt)
Non-Deductibles
Any expense which is not related to generation of income is not allowed for deductions. Further, expense which is of personal nature is not deductible.
Losses Carried Forward
Losses can be carried forward up to seven years from the year of occurrence. However, in case of special industries like entities dealing in petroleum products, BOOT projects, Projects involved in Electricity Power House, Generation and Transmission are allowed to carry forward up to twelve years. In case of long term contract obtained from international bidding losses can be carried back.
Deemed Taxable Income
If a business cannot provide complete and accurate information on costs and income while calculating taxable income, the Tax Authority has right to deem and assess the taxable income according to laws.
Foreign Tax Credit
In case that a resident person has paid overseas income tax on its taxable income derived from sources outside Nepal, the income tax paid overseas can be adjusted against its tax payable in Nepal. However, the adjustable amount of overseas income tax cannot exceed the amount of income tax otherwise payable in Nepal in respect of non-Nepal sourced income.
Tax Avoidance Scheme
If a person makes any arrangement with the purpose of avoiding or reducing tax liability, Tax Authority may, for the purpose of determination of tax liability, re-characterize the arrangement or part of it. Similarly, if a person does any transaction with a purpose to reduce tax liability entering into ‘Transfer Pricing’ or ‘Income Splitting’ arrangement, Tax Authority has the power to re-characterize and assess the tax.
Personal Income Tax
An individual is resident in Nepal if he resides for a period of 183 days or more in 365 consecutive days. A person who is not resident of Nepal is non-resident individual. Income of an individual resident is taxed on progressive rate as follows
📷
The following amounts are deductibles.
- Contribution to Retirement Payment up to maximum of NPR 300,000
- Donation to tax exempted entities up to maximum of NPR 100,000
- Insurance premium up to NPR 20,000
- Remote area allowances up to maximum of NPR 50,000
Further, medical tax credit up to maximum of NPR 750 is allowed and remaining can be carried forward. Additionally, 10% tax rebate is allowed to female individual.
Withholding Taxes
📷
Following Advance Taxes are applicable:
Gain on Sale of Shares
- In case of sale by a natural person - 5% - Listed Company, 10% - Unlisted Company
- In case of sale by any other person - 10% - Listed Company, 15% - Unlisted Company.
However, normal tax rate is applicable to a person other than natural person and advance tax paid can be allowed to set off from final tax liability.
Gain on Transfer of Land & Building
Gain on transfer of land or land & building on transaction exceeding NPR 3 million (to be collected by land revenue office at the time of registration) in case of natural person
- Disposal of land or land & building owned for more than 5 years – up to 2.5%
- Disposal of land or land & building owned up to 5 years – up to 5%
- In other case – normal tax rate applicable
Change of Control
Where there is change of 50% or more in the underlying ownership of an entity as compared with its ownership 3 years previously, the entity shall be treated as disposing off any assets and any liabilities owned by it. Where there is change in ownership during the Income Year of an entity, the parts of the Income Year before and after the change in ownership are treated as separate Income Years.
Compliance Requirement
Income Tax Return
Within three months from the end of Income Year. If application is made to Tax Office for extension, IRD may extend such notice for maximum of three months.
Advance Tax Return
Based on estimated tax liability
- Within Mid-January (Poush end) of Income Year (First Installment) – 40% of Tax Liability
- Within Mid-April (Chaitra end) of Income Year (Second Installment) – 70% of Tax Liability
- Within Mid-July (Ashad end) of Income Year (third Installment) – 100% of Tax Liability
Tax Assessment
Assessment system is based on Self-Assessment. However, an assessment under Self-Assessment scheme may be subject to review and amendment by Tax Authority which can be performed within four years from the date of submission of Income Tax Return.
Advance Ruling
If there is ambiguity in application of any issue as per Income Tax Act, there is provision of making application for advance ruling to IRD and the instruction issued by IRD is binding to the applicant.
Appeal
If the taxpayer is not satisfied with the decision of amended assessment by Tax Authority, the taxpayer has a right to apply for administrative review by depositing one third of disputed amount and further to Revenue Tribunal by depositing half of principal portion of disputed amount and full portion of fines and penalties.
B. Indirected Taxes
VAT
Applicability:
VAT is applicable on supply of goods or services;
- supplied into Nepal,
- imported into Nepal, and
- exported from Nepal
Some goods or services which are of basic necessities and agro-products are exempted and some are zero rated (export of services)
Tax Rate - Single rate 13%
Registration
Every person supplying the goods crossing threshold of NPR 5 million and supplying services or goods & services both crossing the limit of NPR 2 million are required to be registered under VAT.
Taxable Value
Taxable Value means the price the supplier receives from recipient including expenses related to transportation and the amount of profit plus excise duty, ownership fee and other taxes but excludes discount, commission or other similar commercial rebates.
VAT Records
Purchase book, Sales Book and VAT records, either manual or computerized, are the basic records to be maintained by a registered person.
VAT Credit and Refund
VAT paid on purchase of raw materials and expenses on production of finished goods are allowed to take credit within one year from the date of transaction. VAT credit is allowed for goods or services exported out of country and charged at zero rate. Input tax credit of a tax period which could not be adjusted against next six consecutive months, the taxpayer can claim the refund. Similarly, in case of more than 40 percent of export out of total sales in a tax period is eligible for refund of Such excess tax paid in the same tax period. Such refund shall be made within 3 years from the end of tax period.
VAT Return
Every registered taxpayer is required to submit VAT return within 25 days from the end of Nepalese Calendar month. However, certain industries like publishing houses and brick industry can opt for quarterly submission.
Facilities
Bank guarantee facility is available for VAT payable on purchase of raw materials and services for those industries exporting more than 40% of its production during previous 12 months.
Tax Assessment
Assessment system is based on Self-Assessment. However, an assessment under SelfAssessment scheme may be subject to review and amendment by Tax Authority which can be performed within four years from the date of submission of VAT Return.
Advance Ruling
If there is ambiguity in application of any issue as per VAT Act, there is provision of making application for advance ruling to IRD and the instruction issued by IRD is binding to the applicant.
Appeal
If the taxpayer is not satisfied with the decision of amended assessment by Tax Authority, the taxpayer has a right to apply for administrative review by depositing one third of disputed amount and further to Revenue Tribunal by depositing half of principal portion of disputed amount and full portion of fines and penalties.
Excise Duty
Applicable Act: Excise Act 2002 & Excise Rules 2003 and amendment made by Finance Act from time to time.
Applicability: Excise Duty is applicable to goods/services produced/imported into Nepal. Relaxation and exemption are mentioned to certain goods produced in Nepal.
Tax Rate: Specific to individual item based on specific rate or ad-valorem basis.
Valuation: On production – Factory Price and On Import –Value for custom purpose plus custom duty
Licensing: No one can manufacture, import, sale or store a product without taking license. License taken is valid for one year and has to be renewed by paying renewal fee.
Excise Duty Credit: Excise duty paid on purchase of raw materials and auxiliary materials allowed. No excise duty credit is allowed to packaging materials.
Management System: Physical Control System – in case of liquor, cigarette and tobacco. Self-Removal System – in case of other goods.
Facilities: Bank Guarantee Facility is provided to goods imported through boned warehouse. Full exemption of excise duty is provided in case of export. Similarly, full exemption is provided to industries producing goods using scrap more than 90%.
Records: Records of excisable goods purchased, produced, sold, released and balance of stock as certified by excise duty officer.
Time of Payment:
📷
Excise Return:
Within 25 days from the end of Nepalese Calendar month.
Advance Ruling:
If there is ambiguity in application of any issue as per Excise Act, there is provision of making application for advance ruling to IRD and the instruction issued by IRD is binding to the applicant.
Appeal:
If the taxpayer is not satisfied with the decision of amended assessment by Tax Authority, the taxpayer has a right to apply for administrative review by depositing one third of disputed amount and further to Revenue Tribunal.
Custom Duty
Applicable Act: Customs Act 2007 & Customs Rules 2007 and amendment made by Finance Act from time to time.
Applicability: Custom Duty is applicable to import and export of goods and services. Tax Rate: Specific to individual item (as prescribed in tariff on the basis of HS code)
Taxable Value: Based on transaction value determined as per General Agreement on Tariff and Trade 1994 and valuation principles mentioned in Customs Act.
Facilities: Bank Guarantee Facility is provided to export industries and Duty Free Shops. Further, certain custom exemption is provided to those industries established in Special Economic Zone (SEZ). Special exemption/concession is provided to those goods if imported from neighboring countries like China, India. Also, concessional tariff rate applicable for the import of those goods which are imported under bilateral/multilateral agreement.
Post Clearance Audit (PCA): Custom Authority can make PCA after clearance of goods as required.
Appeal and Review: If an importer is not satisfied with the valuation made by Custom Authority, he can apply to Valuation Review Committee.
Other Taxes
Health Service Tax: 5% of health service invoices of all entities providing health services except for those provided by Government of Nepal and Community Hospitals shall be charged.
Education Service Fee: 1% on monthly fee and admission fee (Applicable to private sector schools providing more than higher level secondary education)
Telecommunication Service Charge: To be charged from customer 11% of the collected amount.
Telephone Ownership Fee: Rs. 1,000 per connection in case of postpaid and 2% of value of SIM and Recharge Card
Infrastructure Tax: Rs. 5 per liter for import of petrol, diesel and aviation fuel.
Road Repair and Improvement Fee: Rs. 4 per liter in petrol and Rs. 2 per liter in Diesel
Pollution Control Fee: Re. 0.50 per liter in petrol and diesel
Casino Royalty: Annual License Fee for Casino – Rs. 30 million. Annual License Fee for Casino using only modern equipment and machines – Rs. 7.5 million
For more details follow this link: http://bizserve.com.np/wp-content/uploads/2017/12/DBIN-Part-4.pdf