How to Register a Business PAN in Nepal? Easy Steps!!
The Nepal government has made the PAN number mandatory for all business firms and salaried workers of both private and government firms from the last fiscal year 2019/20.
This new rule is made to keep the tax-paid record of the citizens and revenue leakages. It is free of cost and can neither be changed nor renewed once it is issued. The primary objective of PAN is to use a universal identification key to track financial transactions that might have a taxable component to prevent tax evasion.
So, today in this article we will give you information about How to Register a Business PAN in Nepal. The procedure is very easy if you follow the steps mentioned below.
Table of Contents
How to Register a Business PAN in Nepal?
How to Register a Business PAN in Nepal? Is this your question? We have got you!!
The initial step is to inform the respective authorities in the VDC/Municipality you reside regarding the type of Business firm you are planning to establish. Then you will be given a certificate after which you can proceed with registering a Business PAN in Nepal.
Follow these steps to know How to Register a Business PAN in Nepal.
Step1: Open the Browser and Type“IRD Nepal”
How to Register a Business PAN in Nepal?
Open the browser and search for “IRD Nepal” or click on the provided link to reach the Inland Revenue Department (IRD) website.
You can customize the language according to your preference. If you want to switch to the English language, then click on the option “English” as shown in the figure.
Now, click on the “Tax-Payer Portal” to continue the procedure.
Step2: Click on the “Registration (PAN, VAT, EXCISE)” Option
Tap on the “Registration (PAN, VAT, EXCISE)” Option. While doing so, click on the ‘+’ sign of the same tab to expand the vertical menu.
Now select the Option “Application For Registration”
Fill in all the asked information correctly.
Select the Registration for Income Tax if you want to apply for Business PAN.
Now in the ‘Verifying Offices’ section, choose the IRD office located near your area.
Click on the Ok button. You will be given a submission which is important so note down it.
Click on Continue to continue the procedure.
With the help of the submission number, you will be able to correct the mistakes in the form. And you don’t have to recreate the form again. So, it is important. Note it down.
Step3: Fill the Information in Nepali Language and Upload Photo and Documents Asked
Fill in all the asked information in the Nepali language.
You can use this tools name Basic Onlie Tools to convert English into the Nepali Language as well as A.D to B.S.
Upload a photo and required documents as asked.
There select the Business type. If an Individual is selected, the business subtype will display ‘PROPRIETORSHIP’ only. If Business is selected the list will contain ‘Private Limited’, ‘Public Limited’ etc.
Now enter your business details like trade name, place of business, registration date, etc
If the business is in a rented property, then you have to enter the Landlord’s details:
- PAN (if Exist)
- Land lord’s Name
- Area in square feet
- Parcel Number
- Rent Amount
- Land lord’s address.
Now enter the details of Business Personnel details (detail of Managing Director or CEO) by clicking the ‘’Business Personnel detail’ tab. You also should list the Branch details(if any).
Step4: Click on the “Save” Button
After filling all asked information correctly, now click on the “Save” Button
If you have to change or edit any information or details filled in the form, you can log in with registration details again. To edit any information you need your username, password, and submission number.
Now, after you have edited/ checked all the information, click on the “Submit” Button
Once you have submitted you cannot edit or change the information.
Step5: Visit IRD Office
After you have submitted the application, the IRD office will verify your details and provide you with a PAN Card.
- Business registration certificate, company registration certificate
- Copy of Citizenship certificate and 2 photos Businessmen
- Estate ownership document/ rental contract
- Location map of the proposed industry/trading business
Time & Cost
There is no fee to register in PAN.
Now, go to the IRD and submit the application to the concerned officer. The official at the IRD office will verify your details and provide you Business PAN card. This process usually takes around one day or just hours/minutes, depending on the rush hour. You have to bear no cost throughout the process in the IRD office.
Nepal Rastra Bank (NRB), the central bank of Nepal, has made PPAN mandatory for those seeking loans above Rs 5 million. According to the monetary policy for the FY 2019/20, banks and financial institutions should ask for PPAN before issuing loans. Before the monetary policy 2019/20, you only needed it for seeking loans above Rs.10 million.
After getting PPAN card transactions through banks, payment of bills, or any other documentation, work for business or profession will be easier. The tax payment will be transparent.
PPAN will make financial transactions, taking loans, import/export, or any tax-related work easier. You can take loans above Rs.5 million with PPAN. After it is mandatory, the companies will now pay the taxes under the name of the employees.
How to Register a Business PAN in Nepal? Broaden Your Knowledge!!
I hope now you have a crystal clear idea of How to Register a Business PAN in Nepal. If you have any problems related to the registration process, then you can place them in the comment section down below.
We will help you to register a Business PAN in Nepal.
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