Tax Rates in Nepal

Tax Rates in Nepal for the Fiscal Year 2068/69 (2011/2012)

INCOME  (Annual)	TAX RATES
1.For Individual (excluding proprietorship firm)
Where the total income does not exceed Rs. 1,60,000	1% (social security tax)
Where the total income exceeds Rs. 1,60,000 but does not exceeds Rs. 2,60,000.	15%
Where the total income exceeds Rs. 2,60,000*	25%*
*Note: 40% additional income tax (surcharge) on computed income tax if total income exceeds Rs. 25,00,000.
2.For spouse/widow (excluding proprietorship firm)
Where the total income does not exceed Rs. 2,00,000	1% (social security tax)
Where the total income exceeds Rs. 2,00,000 but does not exceeds Rs. 3,00,000.	15%
Where the total income exceeds Rs. 3,00,000*	25%*
*Note: 40% additional income tax (surcharge) on computed income tax if total income exceeds Rs. 25,00,000.

CORPORATE  INCOME TAX
Registered private and public limited company and other organizations including private firms levied at a flat rate of:
Banks, Financial Institutions, General Insurance Business, Petroleum Business and cigarette & Beverage business	30%
Others	25%
For Non-Resident Persons	25%
Enterprises accepted as industry by Industrial Enterprise Act (except alcohol & tobacco based units)	20%
Enterprises, which construct and operate road, bridge, tunnel, ropeway, flying bridge, trolley bus, tram	20%
Entities engaged in building and operating public infrastructure to be transferred it to NG	20%
Entities wholly engaged in power generation, transmission or distribution for an income year	20%
Export business	20%