Annual Financial Lodgement Services in Nepal

Expert Monthly Compliance Lodgement Services for Multinational Companies in Nepal

Navigating Nepal’s regulatory landscape can be challenging for multinational companies, especially when managing monthly compliance requirements. At Digital Consulting Ventures, we specialise in providing accurate, timely, and fully compliant monthly lodgement services to support your business operations.

From VAT and TDS filings to payroll compliance and financial reporting, our team ensures seamless adherence to Nepal's legal frameworks while minimising risks. With our expert guidance, you can focus on growing your business while we handle the complexities of monthly compliance with precision and care.

Vijay Shrestha CA

Head of Accounting & Payroll

1. Financial Statement Preparation and Record Maintenance
Safeguarding Compliance and Driving Financial Clarity

Our team of experts specialises in preparing comprehensive financial statements and maintaining meticulous records that comply with the Companies Act, 2006 and Nepal Accounting Standards, ensuring your business remains audit-ready and compliant.

The Risks of Getting It Wrong:
- Audit Discrepancies: Non-compliance with documentation requirements can lead to errors identified during audits, damaging credibility.
- Penalties and Fines: Incomplete or inaccurate record-keeping may result in significant financial penalties under regulatory laws.
- Operational Inefficiencies: Disorganised financial records hinder decision-making and expose your business to compliance risks.
Our Comprehensive Approach:
1. Accurate Record Maintenance:
  - Maintaining all required statutory financial documents, including:
    
    Business transaction records.
    
    Accounts of cash receipts and payments.
    
    Other essential records as mandated by Nepalese law.
2. Structured Data Entry and Management:
  - Organizing all records in a standardized Excel format for:
    
    Business transactions.
    
    Account summaries.
    
    Cash flow details.
3. Comprehensive Financial Statement Preparation:
  - Delivering detailed monthly financial reports to provide actionable insights, including:
    
    Balance Sheet: Clear understanding of your assets and liabilities.
    
    Profit & Loss Statement: A thorough analysis of income and expenditures.
    
    Cash Flow Statement: Tracking inflows and outflows to ensure liquidity.
4. Chartered Accountant Inspection:
  - All records are reviewed by a qualified Chartered Accountant to ensure compliance with legal and tax obligations.
By partnering with us, you secure peace of mind knowing your financial records are precise, compliant, and audit-ready. We help mitigate risks, maintain transparency, and position your business for operational efficiency and financial growth.
2. Value Added Tax (VAT) Compliance
Ensuring Accuracy, Compliance, and Timely Filing

Our team specialises in managing VAT compliance with precision and adherence to the Value Added Tax Act, 1996 and VAT Rules, 1997, safeguarding your business from penalties and ensuring smooth tax operations.

The Risks of Getting It Wrong:
- Financial Penalties: Errors in invoice formatting or late lodgement of VAT returns can result in significant fines, as outlined in Section 22 of the Value Added Tax Act, 1996.
- Operational Disruptions: Inaccurate VAT records or delayed filings can lead to compliance issues and interruptions in day-to-day business operations.
- Reputational Damage: Non-compliance may erode trust with stakeholders and tax authorities.
Our Comprehensive Approach:
1. Tax Invoice Creation:
  
  Preparing VAT-compliant invoices in the legally prescribed format under the Value Added Tax Act, 1996.
2. Robust Document Management:
  
  Maintaining accurate and organized VAT-related records, including:
  
  Sales and purchase records.
  
  Tax invoices.
  
  Cash receipts and payments.
3. Structured Data Entry:
  
  Recording VAT transactions into a standardized Excel sheet for seamless reporting and reconciliation.
4. Timely VAT Return Preparation:
  
  Preparing detailed monthly VAT returns in strict accordance with statutory requirements.
5. Efficient Lodgement:
  
  Submitting monthly VAT returns promptly to the Inland Revenue Department (IRD) to ensure compliance and avoid penalties.
By partnering with us, you eliminate the risks of non-compliance and gain confidence in your VAT operations. We provide end-to-end support, from accurate record-keeping to timely filings, ensuring your business stays compliant and focused on growth.
3. Electronic Tax Deducted at Source (ETDS) Compliance
Accuracy, Timeliness, and Risk Mitigation

Our expertise ensures flawless ETDS compliance in alignment with the Income Tax Act, 2002, minimising risks and streamlining tax operations for your business.

The Risks of Getting It Wrong:
- Financial Penalties: Late submissions or errors in TDS calculations can lead to significant fines as outlined in Section 120 of the Income Tax Act, 2002.
- Compliance Gaps: Mismanagement of ETDS processes may result in discrepancies, leading to audits and regulatory scrutiny.
- Operational Inefficiencies: Incorrect TDS reporting can disrupt workflows and create unnecessary administrative burdens.
Our Comprehensive Approach:
1. Accurate Journal Voucher Creation:
  - Preparing journal vouchers for all TDS transactions, ensuring proper classification and thorough documentation.
2. Detailed Monthly ETDS Reporting:
  - Calculating and preparing ETDS deductions in strict accordance with the Income Tax Act, 2002.
  - Providing a comprehensive breakdown of deductions for transparency and accuracy.
3. Timely ETDS Return Lodgement:
  - Filing monthly ETDS returns with the Inland Revenue Department (IRD) to maintain compliance.
4. Seamless Submission:
  - Submitting ETDS payment details and related records to tax authorities to ensure compliance with statutory requirements.
With our end-to-end ETDS solutions, you can eliminate compliance risks, reduce administrative burdens, and focus on growing your business. Our meticulous approach ensures accuracy, timeliness, and transparency in all ETDS activities, giving you peace of mind.
4. Statutory Reporting and Exchange Control Compliance
Safeguarding Regulatory Adherence and Financial Integrity

Our specialised services ensure seamless statutory reporting and exchange control compliance, aligning with the Companies Act, 2006 and the Foreign Exchange Regulation Act, 1962, to protect your business from legal and financial risks.

The Risks of Getting It Wrong:
- Financial Penalties: Non-compliance with statutory reporting or foreign exchange regulations can result in fines and sanctions.
- Regulatory Violations: Failure to meet reporting obligations may lead to legal scrutiny and reputational harm.
- Operational Disruptions: Improper record-keeping of remittances can disrupt business transactions and compliance processes.
Our Comprehensive Approach:
1. Timely Statutory Report Submission:
  - Preparing and submitting required reports to the Office of the Company Registrar (OCR) to ensure compliance with applicable laws.
2. Foreign Exchange Transaction Reporting:
  - Reporting all foreign exchange transactions accurately to the Nepal Rastra Bank (NRB) as per the Foreign Exchange Regulation Act, 1962.
3. Comprehensive Record Maintenance:
  - Keeping detailed and organized records for all inward and outward remittances to support transparency and audit readiness.
With our meticulous approach to statutory reporting and exchange control compliance, you can mitigate risks, maintain operational efficiency, and focus on driving your business forward. We handle the complexities of regulatory requirements, ensuring your peace of mind.

"I was introduced to Digital Consulting Ventures for our international payroll and compliance setup, where in one interaction I truly found Mr Pjay a quick learner of client needs. His ability to connect and deliver as per the agreed timelines was something caught my attention to respect him and keep believing in him. He and his team had kept the timelines respected and set the high benchmark where you can always rely upon. Keep it up Mr Pjay and trust this value proposition will take you and your team at a greater height of success. All the best!"

Gautam Kr Saha

At Digital Consulting Ventures, we specialize in ensuring compliance with Nepal’s annual financial statement requirements for multinational companies. Leveraging deep local expertise, we deliver accurate, timely filings that meet regulatory standards, protecting your business from costly penalties, delays, and reputational risks.

Don’t let compliance challenges impact your operations.

Monthly Financial Lodgement Services in Nepal

Expert Monthly Compliance Lodgement Services for Multinational Companies in Nepal

Vijay Shrestha CA

Our Monthly Financial Lodgement Services

What Our Clients Are Saying

Risks Foreign Companies Face When Handling Financial Reporting in Nepal Themselves

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