On July 16, 2020, the first day of the new FY 2020\/21, the Nepali Government has introduced an online payment method for small taxpayers.<\/p>\n
With the new system, taxpayers with annual transactions of up to NPR 2 million and income tax of up to NPR 200,000 can file their tax details and pay income taxes through mobile apps or other electronic mediums.<\/p>\n
The electronic payment method is expected to benefit over half a million small taxpayers as it will eliminate the hassle and lengthy process of visiting tax offices for tax returns.<\/p>\n
Taxpayers outside Kathmandu are supposed to travel a long distance to visit income tax offices and banks to complete the tax filing process.<\/p>\n
People have long been complaining that the costs associated with filing income details, paying taxes and getting tax clearance would sometimes exceed the tax amount.<\/p>\n