Chapter 14 Tax Administration and Authentic Docunments

Section 78 : Permanent account number

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1) The Department shall, subject to this Act, issue a permanent account number to any person for purposes of identifying that person.

Provided that the entity may provide such permanent account number upon completion of the procedure under this Act upon approval from the Department. The taxpayer receiving the permanent account number issued as such cannot operate transactions of import or export till the period as prescribed by the Department.

2) The Department may order any person to mention his/her permanent account number in any income return, statement, version, or other document to be used for purposes of this Act.

3) The Department may specify the circumstances where any person has to show or mention his/her permanent account number.

4) Notwithstanding anything contained in sub-section(1), the person referred to in sub-section (3) shall obtain a permanent account number prior to making any transaction.

14A) A person making transitions by obtaining a permanent account number pursuant to sub-section(4) shall update such details of registration as specified by the Department in the biometric system within the prescribed period.

15) Notwithstanding anything contained in sub-sections (1), (2), (3), or(4), no person shall be free from tax obligation for the reason that he has not obtained a permanent account number.

1 Inserted by the Financial Act, 2076.

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