The Inland Revenue Department (IRD) of Nepal issued a notice on 17 August 2023 concerning the reporting period for VAT return filing. The notice provides that alternate reporting periods for brick production, hotel, tourism, and film industries are no longer applicable, with taxpayers in such industries now required to follow the standard monthly reporting period for VAT return filing. However, the notice also includes that smaller taxpayers can follow a four-month (trimester) reporting peri…