Where social security does not cover unemployment allowances, businesses are forced to provide compensation to employees even if such retrenchment is due to government failure to protect business. Unfortunate that the businesses are double victims: infinitynp.com/insights/legal…
Terrorist activity in the guise of protests. Barbaric and unforgivable! A curse on civilization! If these perpetrators go unpunished, no one and no institution will be safe. Call on the government to impart justice to UEF and community. kathmandu.ullens.edu.np/%E0%A4%AF%E0%A…
Supreme Court determined place of recipient and not place of service delivery as basis for taxing on cross border transaction which does not seem to be correct in light of applicable provision. This decision will have a far reaching implication. infinitynp.com/insights/under…
infinitynp.com
Standard Chartered Nepal Tax Case: Cross-Border Digital Services Taxation
This article delves into the landmark Supreme Court ruling in the Standard Chartered Bank Nepal Ltd. vs. Inland Revenue Department case, clarifying Nepal's application of withholding tax on payments...
The Government has introduced Recovery Plan for businesses which sustained damages due to protests. However, question remains. No direct compensation to the most affected businesses and more appear to be monetary rather than fiscal measures. infinitynp.com/insights/nepal…
A unique charteristic of Socialist Economy of Nepal-Govt transfer its liabilities to the private sector. What's the use of social security-contribution based or whatever if the distressed businesses needs to obtain loan even to pay its employees? Government just a moot observer?
Under payroll protection scheme, Government will provide an interest subsidy on bank loan at the rate of 2%. This is available to the businesses directly affected by Gen Z protests. Please refer to our latest briefing on this: infinitynp.com/insights/nrb-m…
Do you have questions such as which model is more tax efficient, onshore or offshore model or which are subject to less regulatory and legal compliance requirement, please go through our recent legal guide on investment company: infinitynp.com/insights/guide…
The recent amendments to the Foreign Exchange (Regulation) Act, 2019 (FERA) have introduced specific legal provisions to regulate Abroad Investment by Nepali persons and entities. Find out the key highlights here infinitynp.com/insights/abroa…
Enterprises facing unforeseen circumstances often struggle with high labor costs. The Act provides two key mechanisms : retrenchment and holding labor in reserve. Find More infinitynp.com/insights/legal…
infinitynp.com
Legal Guide to Retrenchment and Layoff Reserve under Employment Laws of Nepal
This article provides a detailed, practical legal guide on retrenchment and layoff reserve under Nepal's Labor Act 2074 (2017) and associated labor laws. It explains when and how enterprises can...
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