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INTRODUCTION

Nepal, officially the Federal Democratic Republic of Nepal, is a landlocked country in South Asia bordered by China and India. The capital and the largest city is Kathmandu.

The currency of Nepal is the Nepalese rupee (NPR).

Abbreviations:

BEPS Base Erosion and Profit Shifting
CbCR Country-by-Country Reporting
CFC Controlled Foreign Company
CIT Corporate Income Tax
LLC Limited Liability Company
NPR Nepalese Rupee
NFRS Nepal Financial Reporting Standards
OECD Organization for Economic Co-operation and Development
PE Permanent Establishment
SEZ Special Economic Zone
TP Transfer Pricing
USD United States Dollar
VAT Value Added Tax
WHT Withholding Tax