What is PAN (Permanent Account Number)?

A Permanent Account Number (PAN), also known as a Unique Alphanumeric Code, is a unique alphanumeric code that is assigned to an individual, a business, a company, or an organization. They are necessary to monitor an individual’s financial transactions and are required for the formation of a business, the filing of taxes, and the operation of any type of enterprise.

What are the Laws and Authorities to register PAN in Nepal?

Income Tax Act 2058 has provisioned for the issuance of an Identity Number known as Permanent Account Number in order to identify a Tax Payer. According to the Act, every individual engaged in Earning must have a legally registered Permanent Account Number. Inland Revenue Department is the Legal Authority for the registration and validation of PAN in Nepal.

Where to apply to get PAN in Nepal?

In order to obtain PAN in Nepal, Company Owners of Tax Payers can apply Online to the Online Portal of Inland Revenue Department mentioned here: nepaltradeportal.gov.np/register-pan/vat. PANs may be obtained through a physical application process at the Inland Revenue Department.

Can anyone register PAN in Nepal?

Yes, Every Citizen Residing in Nepal are eligible to register PAN. Moreover, individuals involved in Financial Transactions or Earning Money through any means must register PAN.

What are the requirements for PAN Card Registeration in Nepal?

In Nepal, the prerequisites for obtaining a Permanent Account Number are minimal, if any. A Certificate of Citizenship and a copy of it, as well as a passport-sized photograph and the completion and submission of an Application Form for the Citizen Number, are required of every individual. However, additional identification documents are also considered essential for foreign nationals.

Can I register PAN Number Online in Nepal?

Yes, it is possible to Register PAN Number through Online and Electronic Means in Nepal. For registering it online, one must access the Website through:Tax payer Portal. Thereafter, they must Select the Taxpayer Portal and click for Application for PAN Registration.

What is the Process of PAN Card Registration in Pokhara Nepal?

The Process of Registering Permanent Account Number in Nepal are as follows:

1. Access IRD Official Portal

Individuals initiate the PAN registration process by accessing the official website of the Inland Revenue Department (IRD). It can be situated here:IRD Portal.

2. Click on Application for Registration

Individuals must then actively select PAN from the list of Registration Options after locating the Registration section and clicking on “Application for Registration.”

3. Submission of Details and Documents

Applicants carefully complete out the Comprehensive Registration Form once they are directed there. Within the ‘Verifying Offices’ section, they are required to choose the IRD office that is closest to them. A special submission number is produced after completing the form. Applicants are then directed to the PAN application electronic form, where they are required to upload a recent photograph and provide the specified supporting documents.

4. Submitting Printed Application Form to IRD

A printout of the submitted PAN application form is produced by the online process for applicants after completing the online process. They are subsequently required to appear in person at the IRD office in their vicinity, where the application is meticulously examined. Two passport-sized photographs, a citizenship certificate, and any other valid foreign identification document are required of applicants.

5. Issuance of PAN

Upon successful verification, the IRD office issues the PAN card to the applicant.

FAQ

1. How much does it cost to register PAN Card in Pokhara Nepal?

PAN registration in Nepal is conducted without charge. Private services may be required to complete the registration process, which may incur additional fees.

2. Is PAN Card mandatory in Pokhara for salaried people?
Yes, mandatory before joining employment as per IRD Nepal.

3. Can foreigners living in Pokhara apply for PAN Card?
Yes, if they have taxable income or business.

4. How many days does it take to get PAN Card online in Pokhara?
Usually 3-5 working days for online PAN card Registration in Nepal.

5. What happens if I don’t have a PAN Card while working?
Your employer may deduct higher taxes and you may face legal consequences.