12. No tax to be levied:

Notwithstanding anything contained in the prevailing law, the following shall be in relation to following thing:-

(a) No tax shall be levied on the capital amount at the time of investment made by a non-resident Nepali;

(b) No tax shall be levied upon the amount at the time of reception which in sent to his/her close relatives, who is a Nepalese citizen, by a nonresident Nepali for individual use of such person in a sum not exceeding Fifteen Million Rupees in a fiscal year through any commercial bank or financial institution licensed by the Nepal Rastra Bank (central Bank of Nepal) for financial transaction;

(c) No tax shall be levied upon the amount at the time of reception which in sent to, any social religious, academic, cultural, charitable, sports or natural calamities rescue related institution established without taking goal of profit, by a non-resident Nepali through any commercial bank or financial institution licensed by the Nepal Rastra Bank (central bank of Nepal).