The Inland Revenue Department (IRD) has stated that full tax audits for large taxpayers continue to be a normal practice. The clarification follows concerns arising from Finance Minister Rameshore Khanal’s comment that full audits would only be carried out based on risk. The IRD said comprehensive audits are regularly conducted for banks, financial institutions, multinational companies, and cases approaching the four-year statute of limitations or those requiring additional documentation under Section 83 of the Income Tax Act, 2002.
