Are you a new entrepreneur in the town and desperate to know about the legal and tax compliance for restaurant business?

We are here to educate you with legal and financial knowledge.

As a business owner or manager of a restaurant in Nepal, you must be aware of the following things related to the compliance of Company Registrar and Taxation.

Company Registrar:

1. Audit the financial statement of the company within Poush end after the completion of each financial year.

Taxation:

1. Renew the Excise Registration of the company within 25th of Shrawan of every financial year.

2. File the monthly/fourth quarterly VAT return of the company.

3. Issue the tax invoice from No. 1 from Shrawan 1 of every year.

4. File the Income tax return and pay tax within Poush end after the completion of financial year.

5. File the installment tax return within Poush end of every financial year.

6. Pay 40% advance tax within Poush end.

7. Pay 70% advance tax within Chaitra end.

8. Pay 100% advance tax within Ashadh end.

9. Provide appointment letter to every employees.

10. Maintain salary account of every employees and make sure that salary is paid through bank after deducting TDS.