Capability 04
Tax & Technical Advisory
Tax positions that survive an IRD query, documented before the query comes.
What this work is
Tax in Nepal is not only a compliance obligation. It is a cost that responds to how transactions are structured, how records are kept, and how positions are documented before a question is ever raised.
We advise on the tax consequences of business decisions, review positions taken in filed returns, and support businesses through assessment and dispute. Where a position is uncertain, we set out the risk plainly rather than presenting an aggressive reading as settled law.
We also handle the technical questions that sit next to tax: withholding treatment, cross-border payments, treaty considerations for foreign-owned entities, and the documentation that determines whether a position survives scrutiny.
You probably need this if
- You have received an assessment or a query from the Inland Revenue Department.
- A transaction is being structured and the tax treatment has not been considered.
- Withholding tax on foreign payments is being applied without a clear basis.
- You are unsure whether a deduction claimed in past returns would survive review.
- A foreign parent company is charging fees or interest to a Nepali subsidiary.
Problems this solves
How an engagement runs
- 01
Review the position
Filed returns, assessments and open notices read against the records.
- 02
Read the law
The exact provisions and rulings that apply to your facts.
- 03
Set the treatment
The correct classification or filing position, documented at the time.
- 04
File or respond
Returns, replies to IRD and review applications prepared with evidence.
- 05
Keep the file
A record that holds up if the position is questioned years later.
What this covers
Tax planning
Tax health checks
Tax advisory
VAT
TDS
Tax dispute support
Accounting analysis
Technical accounting
Financial reporting
Regulatory matters
What you get
- 01
Tax position review
An examination of filed positions with exposure quantified and ranked by likelihood and amount.
- 02
Written advice
A memorandum setting out the treatment, the statutory basis, the alternative reading and our recommendation.
- 03
Assessment and dispute support
Preparation of responses, supporting documentation and technical argument through the assessment process.
- 04
Transaction structuring input
Tax consequences modelled before the transaction is executed, when they can still be changed.
Common questions
Can you represent us before the tax authority?
We prepare the technical position, the documentation and the response. Formal representation is arranged with an appropriately licensed professional where required.
Do you provide statutory audit?
No. Veritas does not carry out statutory audit engagements. Where an audit is required, we work alongside your appointed auditor and support the process from your side.
Is aggressive tax planning something you do?
No. We look for treatment that is correct and defensible. Where a position is uncertain, we tell you the risk rather than assuring you it is safe.
Written on this, by us
- Tax in NepalAppealing an IRD Assessment in Nepal: Administrative Review and the Revenue Tribunal
- Tax in NepalVAT Return Filing in Nepal: Monthly Deadline, Steps and 7 Mistakes That Trigger IRD Penalties
- Tax in NepalDefending a Large IRD Assessment in Nepal: How the Argument Is Actually Built
- Tax in NepalRunning an Online Business in Nepal: E-Commerce Registration, VAT and Tax
Explore Tax & Technical Advisory
Book a free callOther capabilities
Financial Strategy
Funding rounds, capital structure, and the models that have to hold up underneath them.
Business Performance
Margin by product, customer and branch, and the first things to change.
Finance Function & CFO Advisory
Monthly numbers that close on time, without anyone chasing them.
NFRS & Financial Reporting
Statements your auditor signs, your bank reads, and your investors believe.
Outsourcing & Virtual CFO
Monthly accounting, reporting and CFO-level support run for you, for businesses in Nepal and firms abroad outsourcing here.
Part of our practice
Tax and RegulatoryPositions that hold up, and a defence when the IRD disagrees.