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We tailor our
services to meet
the specific needs
of clients. -
We collaborate and
bring synergy among
our members to
achieve goals
Finance Act 2079/80 (2022/23) has introduced Digital Service Tax on Digital Services provided by Non Resident Person to the Resident Consumers. Digital Service Tax shall be levied at the rate of 2% of the transaction value (excluding indirect tax levied in Nepal) of digital services provided by Non Resident Person to Resident consumers, in case the annual transaction of digital service crosses 2 millions.
The Governor, CA Maha Prasad Adhikari unveiled the Monetary Policy 2079-80 (2022-23) on 22 July 2022. The reviving world economy after the pandemic has been challenged due to the ongoing war between Russia and Ukraine which in turn has led to a substantial rise in the price of petroleum products and food items
A Foreign investor can invest or operate a business in Nepal (i) by incorporating a limited liability company in Nepal, (ii) by acquiring shares of a limited liability company already in existence. Foreign investors can incorporate a private limited company or a public limited company. Private limited companies can also be incorporated with a single shareholder. At least seven shareholders are required to incorporate public limited companies. There is no provision for registration of limited liability partnerships.
NBSM has complied the Procedure and Compliance aspect of Foreign Company Registration in Nepal.
a. Payroll Processing
Timely payment of salary to employees motivates employees and therebyincreases their productivity
and loyalty towards the organization. We assist ourclient in preparation of monthly salary sheet, pay
slip and other benefits that theorganization pay for so that the salary can be delivered in due time.
b. Business Valuation
Our business valuation experts bring extensive experience which helps our clients to understand the
various factors that influence the business valuation which brings credibility & clarity to the complex
valuation issues.
c. Due Diligence
Study of the project before injection of investment is crucial aspect for investment decision. Our
expertise assists our clients in understanding the complexities and factors to be considered for the
investment decision. Our process includes investigating the historical data and the future forecasted
resultof the entity.
d. Merger & Acquisition
Organizations grow through mergers and acquisitions. Study of the business andmarket is important
aspect. Impact of taxation and various laws on account of such mergers and acquisitions are
thoroughly reviewed an suggested to our clients. Pre and post mergers implications and implications
throughout the mergers and acquisition process are handled with the expertise knowledge.
e. Joint Ventures
Tax implications and other business complexities arising out of joint ventures are bridged through the
expertise knowledge of our team.
a. Internal Audit
Internal Audits scope is designed to help organizations evaluate and improve their internal control
systems, risk management practices, and overall operational efficiency. Through internal audit we
provide independent and objective assessments to ensure that an organization's processes are effective,
compliant with regulations, and aligned with its strategic objectives.
Internal control in an organization is checked for their existence and efficiency thereby recommending
for improvements, if any.
b. Management and Operational Audit
Through management and operation audit we focus on specific operational areas within an organization,
such as procurement, inventory management, production, or sales. This is to enhance efficiency, reduce
waste, and improve the overall performance of these functions.
a. Domestic Tax Advisory Services
We work closely with clients to optimize financial strategies, ensuring efficient allocation of resources,
and maximizing profits within the framework of Nepal's tax laws. We extend our tax services in the
following specifics:
i. Direct Tax
ii. Indirect Tax
a.Statutory Audit
Various laws require the financial statements to be audited by an independent auditor. We perform
statutory audit of organizations complying the standards and confirm the compliance with various
applicable statutes and provide opinion on whether the presented financial statements reflect the true
and fair value of transactions.
b. Tax Audit
We provide tax audit services to check that the client has complied with tax audit requirements imposed
by tax authorities. These services encompass a range of activities and expertise aimed at ensuring that
the client's financial records and tax filings are accurate, complete, and in accordance with Nepals tax
laws and regulations.
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Bar none, the biggest objection a customer ever raises is price. Often they d...
Bar none, the biggest objection a customer ever raises is price. Often they d...
