Tax of Joint Venture in Nepal

How is a joint venture taxed in Nepal? Does joint venture with two or more foreign companies tax as two separate PEs? What will be the position in case joint venture, if one of the partner of joint venture is Nepal company?

This question discusses tax principles that apply in case of joint ventures and treatment for tax purpose.    

Joint ventures and partnership are opaque body for Nepal tax purpose. Joint venture is regarded as a company for tax purpose and so JV partners are deemed beneficiary shareholders and not partners. Being a company also means that JV is not a PE. Other features are: 

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