You are viewing the translated version of आयकरमा छुट.
Section 27
Income Tax Exemption
(1) Income tax levied on the income of industries established in special economic zones and dividends distributed by such industries shall be exempted as follows:-
(a) Hundred percent of the income tax levied for ten years from the date of commencement of business and fifty percent of the income tax levied in the subsequent income years of the industries established in the special economic zones in Himalayan districts and mountainous districts designated by the Government of Nepal,
(b) One hundred percent of the income tax levied for five years from the date of commencement of business and fifty percent of the income tax levied in the subsequent income years of an industry established in a special economic zone located in an area other than the area mentioned in clause (a),
(c) 100% tax on dividends distributed by industries established in special economic zones for five years from the date of commencement of business and fifty percent for the next three years,
(d) Fifty percent of income tax levied on income earned from foreign technology or management service fees and royalties by foreign investors in industries established in special economic zones.
(2) Notwithstanding anything written elsewhere in this section, the industries transferred to the special economic zone pursuant to sub-section (2) of section 7 shall not be entitled to income tax exemption under this section.
(a) Hundred percent of the income tax levied for ten years from the date of commencement of business and fifty percent of the income tax levied in the subsequent income years of the industries established in the special economic zones in Himalayan districts and mountainous districts designated by the Government of Nepal,
(b) One hundred percent of the income tax levied for five years from the date of commencement of business and fifty percent of the income tax levied in the subsequent income years of an industry established in a special economic zone located in an area other than the area mentioned in clause (a),
(c) 100% tax on dividends distributed by industries established in special economic zones for five years from the date of commencement of business and fifty percent for the next three years,
(d) Fifty percent of income tax levied on income earned from foreign technology or management service fees and royalties by foreign investors in industries established in special economic zones.
(2) Notwithstanding anything written elsewhere in this section, the industries transferred to the special economic zone pursuant to sub-section (2) of section 7 shall not be entitled to income tax exemption under this section.