Nepal

How are Giftcards treated for tax purposes in Nepal (VAT, single-purpose / multi-purpose)? ›

Giftcards are subject to value added tax (VAT), which becomes due upon redemption. A distinction between single purpose and multi purpose Giftcards is not legally defined.

Is there a legal rule in Nepal on the validity period of Giftcards? ›

In Nepal there is no legal rule on the validity period of Giftcards. Under contract law, a general limitation period of three years applies. Merchants may set validity themselves but must clearly state it.

What special rules apply in Nepal to the sale, issuance, or redemption of Giftcards? ›

Giftcard sales are permitted and common in retail. Electronic providers must register with the Department of Commerce and comply with tax requirements.

What consumer rights apply in Nepal for expired Giftcards? ›

There are no legal provisions for expired Giftcards. Merchants must clearly state expiry dates; missing information may be considered an unfair practice.