(1) By the end of each year, a person who is liable to pay foreign investment tax according to this Act or prevailing Nepalese laws must file a statement of his foreign investment in the prescribed format with the tax officer of the area where he usually resides. .

(a) Generally, a person residing outside of Nepal should file such statement with the Tax Officer of Kathmandu. If a taxpayer wants to have his foreign investment assessed and tax assessed by the tax officer of the area where he resides within Nepal, that tax officer can also submit the foreign investment statement and get the tax assessed.

(b) According to this Act If the person liable to pay foreign investment tax is a minor or insane or unstable, the duty of filing the statement of his foreign investment shall be his guardian. In case of doing so, such person may be fined up to Rs.5000.- five thousand by the order of the tax officer.

(3) If any person is suspected of having a foreign investment subject to tax according to this Act or the existing law, the tax officer shall order such person. He can issue a written order to file the details of his foreign investment. Within 15 days from the date of receipt of the order, the statement of foreign investment must be filed with the tax authority in the prescribed format. should be given to the officer and if the reason is convincing to him, he can give an additional period of one month at most. 500.- Can be fined up to five hundred.