- Quick and Reliable
Filing your dynamic micro-enterprise annual return accurately is a core statutory requirement under the Inland Revenue Department (IRD) directives. Present Consultants Private Limited streamlines your D-01 self-assessment submission, ensuring perfect Tax Compliance in Nepal for small operators.
₨ 5,000.00
For small-scale resident natural persons running sole proprietorships or micro-enterprises, the D-01 return serves as the entry-level presumptive tax tool. Under the regulatory protocols of Tax Compliance in Nepal, this specialized self-assessment framework allows micro-retailers, local traders, and small service providers to finalize their yearly tax liabilities using a location-based flat fee model. The procedural method requires assessing annual financial thresholds, declaring total revenue figures directly via the IRD Integrated Tax System (ITS) portal, and completing the tax verification within three months of the fiscal year’s conclusion to maintain an immaculate tax standing.
Pursuant to Section 4(4) of the Income Tax Act, 2058, specific micro-taxpayers who are resident natural persons deriving income solely from a Nepal-sourced business are categorized under the presumptive taxation scheme. To qualify for filing the Income Tax Return- D-01, the Inland Revenue Department’s directives establish strict financial ceilings: the individual’s annual business turnover must not exceed Rs. 30 Lakhs (NPR 3,000,000) and their net taxable business income must remain under Rs. 3 Lakhs (NPR 300,000). According to Section 96, this self-assessment return must be submitted alongside the full flat tax payment within Ashoj end (mid-October) of the subsequent fiscal year. Furthermore, the Income Tax Directives specify that individuals claiming medical tax credits under Section 51, advance tax credits under Section 93, or those practicing specialized consulting professions (such as lawyers, doctors, or engineers) are strictly barred from utilizing Form D-01.
Failing to file your annual D-01 return within the statutory deadlines triggers direct financial and system blocks under the law. Pursuant to Section 117(1)(Kha) of the Income Tax Act, 2058, the failure to file an income tax return within the prescribed timeline subjects the individual to an administrative penalty of Rs. 5,000. Additionally, if the small taxpayer fails to deposit the location-based flat presumptive tax fee by the annual deadline, interest is assessed under Section 119 at the rate of 15% per annum, calculated from the original due date until the day of full payment. Operating without filing also blocks your ability to receive a valid Tax Clearance Certificate (TCC), creating critical legal vulnerabilities during local municipal business renewals.
