Exemption of company arrears dues extended till mid-January
Summary
The government has extended the deadline for companies to update their details and claim fine exemptions until mid-January. New company registrations have also risen sharply, with officials citing returning Nepali nationals investing in local businesses.
Key Points
- The deadline for companies to update details and receive fine exemptions has been extended from mid-November to mid-January.
- Companies that pay their dues for fiscal year 2082/83 BS can avoid penalties if they submit the required annual statements within the new deadline.
- New company registrations rose from 20,736 in fiscal year 2081/82 to 26,291 in the following year, an increase of 5,555.
- As of last October, 10,480 companies had already been registered in the current fiscal year, while 388,690 companies have been registered in total and 14,970 cancelled.
