Missing your audit and filing deadline in Nepal isn't just a paperwork inconvenience — it triggers cascading penalties and can freeze certain corporate transactions.
The Core Deadline: Poush-End
Companies must complete their annual audit and file income tax returns with the IRD by the end of Poush (mid-January) — three months after the fiscal year ends at Ashadh-end (mid-July).
What Happens If You Miss It
Late filing triggers interest on any outstanding tax liability, late filing fees, and in persistent cases, restrictions from OCR on corporate actions like transferring shares or securing loans until compliance is restored.
Why Companies Miss the Deadline
Poor bookkeeping throughout the year is the number one cause — businesses that try to reconstruct a full year of transactions in the weeks before Poush-end routinely run out of time, especially if the auditor identifies gaps requiring follow-up documentation.
Building In Buffer Time
Starting the audit process in Kartik or Mangsir (October–November) rather than waiting until Poush gives enough runway to resolve findings without a last-minute rush.
Avoid the year-end scramble — Company Sathi can start your audit early and keep you comfortably ahead of the Poush-end deadline.
