1. Short title, extent and commencement

1. Short title, extent and commencement :

(1) This Act may be called as the “Foreign Investment Tax Act, 2019 (1963).”
(2) This Act shall extend throguhout Nepal and also to the person who resides outside of Nepal who has his/her house (building) and land in Nepal.
(3) This Act shall be deemed to have commenced on and from 9th of Shrawan 2019 (24 July, 1962).