Section 8
Payment Of Foreign Investment Tax
8. Payment of foreign investment tax :
(1) A taxpayer has to deposit, or cause to be deposited, the amount of foreign investment tax assessed pursuant to Sections 6 or 7 with such tax office within Thirty five days of receipt of the tax assessment order as may be specified in that order.
(2) In the event of failure to pay the tax, the local Land Revenue Office or the authority designated by Government of Nepal may realise such amount of tax by confiscating the assets of such tax payer in accordance with the provisions of the prevailing Nepal Law.
(1) A taxpayer has to deposit, or cause to be deposited, the amount of foreign investment tax assessed pursuant to Sections 6 or 7 with such tax office within Thirty five days of receipt of the tax assessment order as may be specified in that order.
(2) In the event of failure to pay the tax, the local Land Revenue Office or the authority designated by Government of Nepal may realise such amount of tax by confiscating the assets of such tax payer in accordance with the provisions of the prevailing Nepal Law.