![\"Ease](\"https:\/\/www.nepalisansar.com\/wp-content\/uploads\/2018\/11\/ease-of-doing-business-2019-1024x870.jpg\" "\\"Ease")
<\/a>Photo Credit: NepaliIndata<\/p><\/div>\n
In 2017, business entities in Nepal paid close to 39 payments and spent 353 hours to comply with tax obligations. On a global average, companies spend 24 payments and 237 hours in tax compliance.<\/p>\n
\u201cRaising revenues for spending on social expenses is needed and possible. It will be critical to find ways for not overly burdening companies with paperwork, taking time and resources away from generating profits to employ workers and spread prosperity,\u201d said Faris Hadad-Zervos, Country Manager, World Bank, Nepal.<\/p>\n
The Solution<\/strong>
\nComing up with a solution, Nepal\u2019s tax authorities are considering an e-filing platform that will make compliance easier for businesses.<\/p>\nOn the other hand, the Government is considering the merger of taxes and contributions that are levied on the common tax base.<\/p>\n
It has also approached World Bank for assistance in simplifying business process in the coming period.<\/p>\n
\u201cWe view this as a very positive step forward and stand ready to support these critical reforms as part of Government new vision of Crowding in the Private Sector,\u201d Zervos<\/span> added.<\/p><\/blockquote>\nOverall, Nepal\u2019s reduced the number of business reforms to 19 in 2017 compared with previous year\u2019s revised record of 21 reforms.<\/p>\n
US Ranking in WB\u2019s \u2018Best Places to do Business\u2019<\/strong>
\nSimilarly, US dropped two spots in the World Bank\u2019s annual ranking of the \u2018Best Places to Do Business in the World\u2019.<\/p>\nAccording to the Wall Street Journal, America fell to the \u2018eight\u2019 place based on following indicators <\/strong>:<\/p>\n![\"Best](\"https:\/\/www.nepalisansar.com\/wp-content\/uploads\/2018\/11\/Best-Places-to-Do-Business-Indicators-Nepal.png\" "\\"Best")
<\/p>\n
Meanwhile, New Zealand, Singapore and Denmark continued to maintain their \u2018top three\u2019 ranking for the third year in a row.<\/p>\n","protected":false},"excerpt":{"rendered":"
Keeping a keen eye on economic progress globally, the World Bank (WB) released a report on…<\/span><\/p>\nRead more<\/a><\/div>\n<\/p>\n","protected":false},"author":761,"featured_media":13047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10004,3,7640],"tags":[2940,8765,10010,5321,10008,10009,10007,10013,10015,10014,10016,10012,1758],"yoast_head":"\n
Nepal Ranks 158th in World Bank\u2019s 'Ease of Doing Business'<\/title>\n<meta name=\"description\" content=\"Nepal\u2019s \u20182017 Labor Act\u2019 made tax paying difficult. The introduction of labor gratuity, medical insurance and accident insurance puts a burden on companies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.nepalisansar.com\/world\/nepal-ranks-158th-in-world-banks-ease-of-doing-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nepal Ranks 158th in World Bank\u2019s 'Ease of Doing Business'\" \/>\n<meta property=\"og:description\" content=\"Nepal\u2019s \u20182017 Labor Act\u2019 made tax paying difficult. The introduction of labor gratuity, medical insurance and accident insurance puts a burden on companies.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.nepalisansar.com\/world\/nepal-ranks-158th-in-world-banks-ease-of-doing-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Nepali Sansar\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NepaliSansarNews\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-01T07:23:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-11-02T04:52:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.nepalisansar.com\/wp-content\/uploads\/2018\/11\/nepal-ranks-158-in-world-bank.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nepali Sansar Bureau\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nepalisansar4u\" \/>\n<meta name=\"twitter:site\" content=\"@nepalisansar4u\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nepali Sansar Bureau\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.nepalisansar.com\/world\/nepal-ranks-158th-in-world-banks-ease-of-doing-business\/\",\"url\":\"https:\/\/www.nepalisansar.com\/world\/nepal-ranks-158th-in-world-banks-ease-of-doing-business\/\",\"name\":\"Nepal Ranks 158th in World Bank\u2019s 'Ease of Doing Business'\",\"isPartOf\":{\"@id\":\"https:\/\/www.nepalisansar.com\/#website\"},\"datePublished\":\"2018-11-01T07:23:29+00:00\",\"dateModified\":\"2018-11-02T04:52:34+00:00\",\"author\":{\"@id\":\"https:\/\/www.nepalisansar.com\/#\/schema\/person\/0b1cc737a429a92681b510a50f2d99e4\"},\"description\":\"Nepal\u2019s \u20182017 Labor Act\u2019 made tax paying difficult. The introduction of labor gratuity, medical insurance and accident insurance puts a burden on companies.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.nepalisansar.com\/world\/nepal-ranks-158th-in-world-banks-ease-of-doing-business\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.nepalisansar.com\/world\/nepal-ranks-158th-in-world-banks-ease-of-doing-business\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.nepalisansar.com\/world\/nepal-ranks-158th-in-world-banks-ease-of-doing-business\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.nepalisansar.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nepal Ranks 158th in World Bank\u2019s ‘Ease of Doing Business’\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.nepalisansar.com\/#website\",\"url\":\"https:\/\/www.nepalisansar.com\/\",\"name\":\"Nepali Sansar\",\"description\":\" A Site for Global Nepali Community\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.nepalisansar.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.nepalisansar.com\/#\/schema\/person\/0b1cc737a429a92681b510a50f2d99e4\",\"name\":\"Nepali Sansar Bureau\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.nepalisansar.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1144069b2c7a064938644bed31e4763?s=96&d=wavatar&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1144069b2c7a064938644bed31e4763?s=96&d=wavatar&r=g\",\"caption\":\"Nepali Sansar Bureau\"},\"description\":\"This is the News Bureau of Nepali Sansar, a US-based media house that covers all the major happenings and updates related to Nepal.\",\"sameAs\":[\"https:\/\/www.nepalisansar.com\/\"],\"url\":\"https:\/\/www.nepalisansar.com\/author\/nepalisansarbureau\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Nepal Ranks 158th in World Bank\u2019s 'Ease of Doing Business'","description":"Nepal\u2019s \u20182017 Labor Act\u2019 made tax paying difficult. The introduction of labor gratuity, medical insurance and accident insurance puts a burden on companies.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.nepalisansar.com\/world\/nepal-ranks-158th-in-world-banks-ease-of-doing-business\/","og_locale":"en_US","og_type":"article","og_title":"Nepal Ranks 158th in World Bank\u2019s 'Ease of Doing Business'","og_description":"Nepal\u2019s \u20182017 Labor Act\u2019 made tax paying difficult. The introduction of labor gratuity, medical insurance and accident insurance puts a burden on companies.","og_url":"https:\/\/www.nepalisansar.com\/world\/nepal-ranks-158th-in-world-banks-ease-of-doing-business\/","og_site_name":"Nepali Sansar","article_publisher":"https:\/\/www.facebook.com\/NepaliSansarNews\/","article_published_time":"2018-11-01T07:23:29+00:00","article_modified_time":"2018-11-02T04:52:34+00:00","og_image":[{"width":800,"height":600,"url":"https:\/\/www.nepalisansar.com\/wp-content\/uploads\/2018\/11\/nepal-ranks-158-in-world-bank.jpg","type":"image\/jpeg"}],"author":"Nepali Sansar Bureau","twitter_card":"summary_large_image","twitter_creator":"@nepalisansar4u","twitter_site":"@nepalisansar4u","twitter_misc":{"Written by":"Nepali Sansar Bureau","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.nepalisansar.com\/world\/nepal-ranks-158th-in-world-banks-ease-of-doing-business\/","url":"https:\/\/www.nepalisansar.com\/world\/nepal-ranks-158th-in-world-banks-ease-of-doing-business\/","name":"Nepal Ranks 158th in World Bank\u2019s 'Ease of Doing Business'","isPartOf":{"@id":"https:\/\/www.nepalisansar.com\/#website"},"datePublished":"2018-11-01T07:23:29+00:00","dateModified":"2018-11-02T04:52:34+00:00","author":{"@id":"https:\/\/www.nepalisansar.com\/#\/schema\/person\/0b1cc737a429a92681b510a50f2d99e4"},"description":"Nepal\u2019s \u20182017 Labor Act\u2019 made tax paying difficult. The introduction of labor gratuity, medical insurance and accident insurance puts a burden on companies.","breadcrumb":{"@id":"https:\/\/www.nepalisansar.com\/world\/nepal-ranks-158th-in-world-banks-ease-of-doing-business\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.nepalisansar.com\/world\/nepal-ranks-158th-in-world-banks-ease-of-doing-business\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.nepalisansar.com\/world\/nepal-ranks-158th-in-world-banks-ease-of-doing-business\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.nepalisansar.com\/"},{"@type":"ListItem","position":2,"name":"Nepal Ranks 158th in World Bank\u2019s ‘Ease of Doing Business’"}]},{"@type":"WebSite","@id":"https:\/\/www.nepalisansar.com\/#website","url":"https:\/\/www.nepalisansar.com\/","name":"Nepali Sansar","description":" A Site for Global Nepali Community","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.nepalisansar.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.nepalisansar.com\/#\/schema\/person\/0b1cc737a429a92681b510a50f2d99e4","name":"Nepali Sansar Bureau","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.nepalisansar.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b1144069b2c7a064938644bed31e4763?s=96&d=wavatar&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b1144069b2c7a064938644bed31e4763?s=96&d=wavatar&r=g","caption":"Nepali Sansar Bureau"},"description":"This is the News Bureau of Nepali Sansar, a US-based media house that covers all the major happenings and updates related to Nepal.","sameAs":["https:\/\/www.nepalisansar.com\/"],"url":"https:\/\/www.nepalisansar.com\/author\/nepalisansarbureau\/"}]}},"_links":{"self":[{"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/posts\/13041"}],"collection":[{"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/users\/761"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/comments?post=13041"}],"version-history":[{"count":0,"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/posts\/13041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/media\/13047"}],"wp:attachment":[{"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/media?parent=13041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/categories?post=13041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/tags?post=13041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"Ease](\"https:\/\/www.nepalisansar.com\/wp-content\/uploads\/2018\/11\/Ease-of-Business-Indicator.png\" "\\"Ease")
<\/p>\n