Google LLC, one of the world’s largest technology companies, has registered in Nepal’s tax system. According to the Inland Revenue Office, Google has registered in the Large Taxpayer Office, Lalitpur (ठूला करदाता कार्यालय).
The spokesperson for IRD – आन्तरिक राजस्व विभाग, Raju Prasad Pyakurel, stated that Google has registered to pay taxes on various services and products available in Nepal, including electricity services, as per the country’s Fiscal Year 2079/80. “Google has registered to pay taxes according to the electricity service it provides and various other services and products available in Nepal,” he said.
According to the department, Google has registered under the name of its regional office in Singapore. The department has assigned responsibility to the Lalitpur-based Large Taxpayer Office to oversee the administration of the electricity service tax.
The Nepalese government has applied a 2% rate on the business value of the electricity service provided to Nepalese consumers who are residing outside of the country since the Fiscal Year 2079/80. Google’s revenue generated by providing services to Nepalese consumers will be subject to this tax rate. However, the exact amount of revenue generated by Google from Nepal and its official statistics are not available.
Moreover, the registration of Google in Nepal’s tax system will promote transparency and accountability in the country’s tax administration. It will prevent tax evasion and ensure that all taxpayers, including multinational corporations, comply with the country’s tax laws. Additionally, the registration of Google in Nepal’s tax system will strengthen the country’s business environment, attract foreign investment, create job opportunities, and contribute to the country’s economic growth.
Google is popular in Nepal for its search engine, YouTube, and Android operating system. Additionally, Google provides services such as web browsing, cloud computing, Gmail, maps, and photos. The registration of Google in Nepal’s tax system will ensure that the company contributes its fair share of taxes to the country’s economy, which will benefit the Nepalese people and promote sustainable development.