- Quick and Reliable
Relocating your office requires timely legal updates with the Inland Revenue Department (IRD). Present Consultants Private Limited provides seamless assistance for a smooth transition, ensuring strict adherence to the statutory mandates of the Income Tax Act, 2058 for precise Tax Compliance in Nepal.
₨ 10,000.00
When an operational entity changes its physical or registered location, modifying its location records at the Inland Revenue Department (IRD) is a critical procedural requirement. Under the regulatory framework of Tax Compliance in Nepal, an address change alters your official tax jurisdiction, which may necessitate transferring your tax files to a new local Inland Revenue Office (IRO). The procedural method involves securing an updated commercial certificate from the primary registrar—such as the Office of the Company Registrar (OCR) or local ward office—submitting a digital change request via the IRD Integrated Tax System (ITS) portal, and completing verification at the relevant IRO to update your physical PAN/VAT certificates.
Pursuant to the Income Tax Act, 2058, a registered taxpayer is legally mandated to update and maintain accurate registration details, including geographical location, within the central biometric and administrative tax system. Any change in the business address modifies the jurisdiction of the tax administration, which must be systematically updated to ensure that tax invoices, statutory filings, and business communication remain valid. Furthermore, under Section 81 (Obligation to Maintain Records), your books of account must explicitly state the correct place of business. Rule 24 and 25 of the Income Tax Rules mandates the update of correct address.
Failure to notify the IRD of an address change within the prescribed statutory timeline constitutes an administrative violation under the Act. Pursuant to Section 119Ka of the Income Tax Act, 2058, non-compliance with the procedures and duties specified under the Act or its Rules results in a fine ranging from Rs. 5,000 to Rs. 25,000. Additionally, maintaining an incorrect address can lead to the systemic rejection of input VAT credit claims, errors in Tax Deduction at Source (TDS) filings under Section 90, and a failure to receive official tax assessments or notices under Section 102, potentially resulting in ex-parte (unilateral) tax liabilities.
