Section 2
Definitions
2. Definitions :
Unless the subject or the context otherwise requires, in this Act:-
(a) “Foreign investment” means and includes any amount invested by a Nepalese citizen in a governmental security, share, bank account, house and land and all other types of cash investment in a foreign country.
Provided that, a current account opened for convenient to do exportation and importation in Nepal shall not be taken as foreign investment
(b) “Foreign investment Tax” means tax levied on investment as referred to in Clause (a).
(c) “Tax Officer” means the tax officer appointed or designated by Government of Nepal for purposes of this Act.
(d) “Prescribed” or “as prescribed” means prescribed or as prescribed in the rules framed under this Act.
Unless the subject or the context otherwise requires, in this Act:-
(a) “Foreign investment” means and includes any amount invested by a Nepalese citizen in a governmental security, share, bank account, house and land and all other types of cash investment in a foreign country.
Provided that, a current account opened for convenient to do exportation and importation in Nepal shall not be taken as foreign investment
(b) “Foreign investment Tax” means tax levied on investment as referred to in Clause (a).
(c) “Tax Officer” means the tax officer appointed or designated by Government of Nepal for purposes of this Act.
(d) “Prescribed” or “as prescribed” means prescribed or as prescribed in the rules framed under this Act.