Shankar Associates, Chartered Accountants

28/08/2026

In times of disaster, humanity is measured not only by words of sympathy but also by the actions we take to support those in need.

As our country, Nepal, faces the devastating impact of the recent Bhotekoshi flood disaster, this is a reminder that collective support can play a meaningful role in helping affected communities and families recover and rebuild.

Under Section 12(Kha) of the Income Tax Act, 2058, contributions made to the Prime Minister’s Disaster Relief Fund and reconstruction funds established by the Government of Nepal may be deducted while calculating taxable income, subject to the applicable legal provisions.

Let us stand together with the affected families, support relief and recovery efforts, and contribute to rebuilding stronger and more resilient communities.

Together, we can turn support into recovery and hope into action. 🇳🇵

21/08/2026

TAX RATE INCREASED! | 15% → 20%

The tax rate on Insurance Agent Commission Income has increased from 15% to 20%.

📌 Previous Rate: 15%

📌 New Rate: 20%

Insurance agents and taxpayers receiving commission income should take note of this important tax update.

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12/08/2026

FY 2083/84: What Has Changed in Individual Income Tax?

The new Fiscal Year 2083/84 has brought significant changes to Nepal’s Individual Income Tax Slabs.

In this video, we compare FY 2082/83 vs FY 2083/84 and explain the major changes in simple terms, including:

🔹 Changes in tax slab rates
🔹 Revised income thresholds for taxpayers
🔹 Changes affecting Single & Couple taxpayers
🔹 SSF-related tax treatment
🔹 Tax deductions and reliefs
🔹 Increase in Private Building Insurance deduction
🔹 Children’s Education Expense deduction
🔹 Other available tax benefits and deductions

Whether you are an Accountant, HR Professional, Employer, Business Owner, or Salaried Employee, understanding the updated tax slabs is essential for accurate salary tax calculation and compliance.

🎥 Watch the full video to understand the FY 2083/84 tax changes and their impact on your income.

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13/06/2026

The Finance Bill 2083 has brought in the “Safe Harbour Rule” provision within the context of Nepali Income Tax law. This rule allows taxpayers to bypass complex transfer pricing documentation and benchmarking studies by adhering to predefined margins or rates, provided they meet specific criteria.
Details in the link.

The Finance Bill 2083 introduces Nepal's Safe Harbour Rule — allowing eligible taxpayers to skip transfer pricing studies and use predefined margins instead.

05/06/2026

We have summarized the rates of Tax Deducted at Source (TDS) / withholding tax applicable in Nepal for FY 2083/84. In each row the Nepali text and its rate appear on the upper line, with the English translation and rate directly below. The content is presented as an unofficial translation for reference.

Complete TDS (withholding tax) rates in Nepal for FY 2083/84 (2026/27): rates by section and payment type, final withholding payments under Section 92, and individual income tax slabs.

31/05/2026

The Finance Bill 2083 introduces one of the most extensive packages of tax concessions, waivers, and settlement windows Nepal has seen in recent years. Across income tax, VAT, excise, and customs, the Bill offers businesses and individuals a structured opportunity to regularise outstanding dues, resolve pending disputes, and step into the tax net — with penalties and interest waived where conditions are met. Most windows close by end of Poush 2083. Here is what you need to know.

Budget 2083 through Finance Bill 2083 introduces tax waivers, amnesty windows and settlement provisions across income tax, VAT and excise. Key deadlines end Poush 2083. SACA explains.

29/05/2026

बजेट भाषण २०८३ मा समेटिएका कर सम्बन्धि परिवर्तन तथा सहुलियतहरु

• करको बोझ घटाउन आयकर छुटको सीमा दोब्बर गरी व्यक्तिका लागि दश लाख रुँपैया पुऱ्याएको र व्यक्तिगत आयकरको अधिकतम दरलाई दश प्रतिशत विन्दुले घटाएको
• औद्योगिक कच्चा पदार्थको भन्सार महसुल तयारी मालवस्तु भन्दा कम्तिमा एक तह न्यून हुने गरी २७३ प्रकारका कच्चा पदार्थमा भन्सार दर घटाएको
• विद्यमान एघार तहको भन्सार दरलाई सात तहमा सीमित गरेको
• हाल ३६० वस्तुमा लागिआएको अन्तःशुल्क खारेज गरेको छु। भन्सार विन्दुमा संकलन हुने पूर्वाधार विकास कर, सडक मर्मत तथा सुधार दस्तुर जस्ता छरिएका करलाई एकीकृत गरी हरित करमा समाहित गरेको
• प्राकृतिक व्यक्तिको मृत्यु पश्चातको अस्वैच्छिक निःसर्ग एवम् निकायमा भएको स्वामित्व परिवर्तनको कारणले नियन्त्रित निकायमा हुने स्वामित्व परिवर्तनमा आयकर ऐन, २०५८ को दफा ५७ आकर्षित नहुने व्यवस्था गरेको
• सूचीकृत कम्पनीका धितोपत्र बिक्ी गर्दा लाग्दै आएको पुँजीगत लाभकर अन्तिम हुने व्यवस्था मिलाएको
• डिजिटल भुक्तानीको माध्यमबाट उपभोक्ताले गर्ने खरिदमा बीजक जारी हुँदाकै समयमा मूल्य अभिवृद्धि करको दश प्रतिशत छुट पाउने व्यवस्था कार्यान्वयन गर्ने
• सरकार वा करदाता पक्षबाट अदालत वा न्यायिक निकायमा पुगी विचाराधीन रहेको कर विवाद समाधान गर्न निर्धारित कर रकममा एक प्रतिशत थप गरी तोकिएको म्याद भित्र बुझाएमा मुद्धा फिर्ता लिई शुल्क, जरिवाना, थप दस्तुर, विलम्ब शुल्क वा ब्याज मिनाहा हुने
• नेपाल भित्र कृत्रिम हातखुट्टा र अपाङ्गता सहयोगी सामग्री उत्पादन गर्ने उद्योगको नाममा पैठारी हुने कच्चा पदार्थको आयातमा भन्सार महसुल छुट
• आवासीय भवनको बीमा बापत अधिकतम दश हजार रूपैयाँसम्म आयकर प्रयोजनको लागि कट्टी गर्न पाउने व्यवस्था
• कृषि प्रशोधन उद्योगमा पहिलो दश बर्षको आयकर पूर्ण रूपमा छुट र कोल्ड स्टोर, प्याकेजिड तथा टेप्टिड ल्याब सहितका मेशिनरी उपकरणको आयातमा लाग्ने मूल्य अभिवृद्धि कर छुट हुने व्यवस्था

29/05/2026

Happy Republic Day!

01/05/2026

Happy International Labour Day!
We extend our heartfelt appreciation to our incredible team and all professionals whose efforts continue to make a difference.

30/04/2026

Happy Birthday to Our April Stars!

We extend our warmest birthday wishes to our valued team members Anisha Thapa, Puja Kunwar, Arjun Sahu, and Shivanga SJB Rana.Your dedication, energy, and contributions make our workplace stronger every day.

Wishing you all a year ahead filled with growth, success, and good health.