74. Added by the Finance Act, 2082. 75. Deleted by the Finance Act, 2080. Provision added by the Finance Act, 2076: "(ga) A person who has received a facility under clause (ka) or (kha) shall also receive any other tax exemption facility available under this section."
76. Amended by the Finance Act, 2075.

(1) Original Act's provision: "(3) Tax on income from a special industry for any person in any income year shall be levied as follows:-

(ka) Ninety percent of the tax rate applicable to the income of that year if six hundred or more Nepali citizens are provided direct employment throughout the year,

(kha) If the special industry is operated in very underdeveloped, underdeveloped, or less developed areas, then seventy, seventy-five, and eighty percent respectively of the tax applicable to the income of those years for ten income years including the income year in which such industry was established."

(2) Provision maintained as amended by the Finance Act, 2065: (1) Before the amendment, the words "from a special industry" were replaced with the words "from a special industry and information technology industry," and the following clause (ka) was maintained:

"(ka) Ninety percent of the tax rate applicable to the income of that year for a special industry and information technology industry providing direct employment to five hundred or more Nepali citizens throughout the year,"

(3) Provision maintained as amended by the Finance Act, 2066, in clauses (ka) and (kha) as follows: "(ka) Ninety percent of the tax rate applicable to the income of that year for a special industry and information technology industry providing direct employment to three hundred or more Nepali citizens throughout the year, eighty percent of the tax rate applicable to the income of that year for an industry providing direct employment to twelve hundred or more Nepali citizens throughout the year, eighty percent of the tax rate applicable to the income of that year for a special industry that provides direct employment to more than one hundred Nepali citizens throughout the year, including at least thirty-three percent women, Dalits or persons with disabilities, for three hundred or more,

(kha) If the special industry is operated in very underdeveloped, underdeveloped, or less developed areas, then fifty, seventy, and seventy-five percent respectively of the tax applicable to the income of those years for ten income years including the income year in which such industry was established."

(4) Provision maintained as amended by the Finance Act, 2067, in clause (kha) as follows:

In clause (kha), the words "fifty, seventy and seventy-five percent" were replaced with the words "ten, twenty and thirty percent," and other matters remained unchanged.

(5) By the Finance Act, 2072, the following clause (ka1) was added after clause (ka), but subsequent Finance Acts did not continue it: "(ka1) Seventy percent of the tax applicable to the income of a special industry, agricultural industry, and tourism industry that provides direct employment exclusively to Nepali citizens throughout the year,

Provided that the industry receiving this facility must have provided employment to at least one hundred persons."

(6) Provision maintained by the Finance Act, 2073: "(3) Tax on income from a special industry and information technology industry for any person in any income year shall be levied as follows:-

(ka) Ninety percent of the tax applicable to the income of that year for a special industry and information technology industry providing direct employment to three hundred or more Nepali citizens throughout the year, eighty percent of the tax applicable to the income of that year for a special industry providing direct employment to twelve hundred or more Nepali citizens throughout the year, eighty percent of the tax applicable to the income of that year for a special industry that provides direct employment to more than one hundred Nepali citizens throughout the year, including at least thirty-three percent women, Dalits, or persons with disabilities,

(kha) Seventy percent of the tax applicable to the income of that year for a special industry, agricultural industry, and industry related to the tourism sector that provides direct employment exclusively to Nepali citizens throughout the year,

Provided that only an industry that has provided employment to at least one hundred persons shall receive such facility.

(ga) If the special industry is operated in very underdeveloped, underdeveloped, or less developed areas, then ten, twenty, and thirty percent respectively of the tax applicable to the income of those years for ten income years including the income year in which such industry was established,

(gha) A special industry established with a capital investment of more than one billion rupees and providing direct employment to more than five hundred persons throughout the year shall be granted a full income tax exemption for five years from the date of starting operations, and fifty percent of the tax applicable for the subsequent three years,

Provided that if an existing industry in operation increases its installed capacity by at least twenty-five percent, achieving a capital of one billion rupees, and provides direct employment to more than five hundred persons throughout the year, the income derived from such capacity expansion shall be granted a full income tax exemption for five years and fifty percent of the tax applicable for the subsequent three years."

77.