Nepal’s VAT and luxury-tax rules on gold and silver have changed several times. This is the plain-English version for shop owners.
VAT on jewellery
(Write 300 words explaining the current VAT regime for gold and silver ornaments, citing the relevant IRD circular by date and number.)
Luxury tax
(Write 200 words explaining when luxury tax applies, the threshold, and how it appears on the invoice.)
How J-Jewellery handles both
The software applies VAT and luxury tax automatically per the current IRD rules, and the invoice format is pre-approved by IRD.
