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c/remittance-banking

Remittance taxation — does my Gulf salary get taxed if I deposit it in NIC Asia?

Short answer: Salaries earned and taxed in the Gulf are not taxed again in Nepal on receipt. The double-tax myth has discouraged honest disclosure for years; it is incorrect.

What is true.

  • Remittance receipts are not income-taxed twice for individuals.
  • The bank may report inflows for AML/KYC purposes — that is not taxation.
  • Investment income earned in Nepal on remitted funds (interest, dividends) is taxed normally.

The exception most miss. If your Gulf employer pays an irregular cash component without payroll documentation, large lump-sum deposits can prompt KYC questions. Keep employer letters and pay slips.

Did your bank ever query a remittance deposit? How did you clear it?

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