Inland Tax Administration•In land Tax administration is under MoF (ministry of Finance).•Tax is collected from individual, firm, company and other organizations.•Tax is as old as the state.•Department of Inland Tax (IRD) is the Apex body of inland tax administration in Nepal•There are•1 large taxpayers’ Office (annual transaction of Rs. 800 million and above)•1 Medium Level Tax office (annual transaction of Rs. 400 to 800 million)•43 IRO (inland revenue offices)•39 Taxpayer’s service offices (TSOs)•13 TSOs are within valley.
Collection of Large Tax Payers Office (LTO)(2067/77)
Taxes being collected by IRD•Income tax•House rent tax•Interest tax•Value Added Tax (VAT)•Excise Duty•Education service fees (2% from foreign currency exchange)•Health service tax•Entertainment fee
Other taxes•Health hazard Tax (at import and manufacturing stage, cigarette, bidi, etc)•Infrastructure development tax•Rs. Ten per liter of petrol and diesel imported at customs point•Road Construction tax: at import and manufacturing stage of vehicles•