IT industry urges double taxation avoidance expansion, tax reforms to attract global investment
Summary
Nepal's IT industry urges expansion of double taxation avoidance agreements and targeted tax reforms in the 2026-27 budget to boost foreign investment and strengthen the sector's global competitiveness.
Key Points
- Industry experts urge expansion of double taxation avoidance agreements to attract global IT investments.
- NAS-IT proposes a reduced corporate tax rate of 1% for registered IT companies for 10 years to encourage innovation and growth.
- Recommendations include an 8% export rebate, legal reforms in IT and cybersecurity laws, and promotion of domestic cloud infrastructure.
- Calls for establishment of a National IT Promotion Board and labor law reforms to support the IT sector's development.
