Tag Top 10 Accounting Software In Nepal

Ird Approve
OneFlow – Nepal’s IRD Approved E‑Billing & Accounting Software for 2025

IRD Directives & Procedures: The Legal Backbone

The Inland Revenue Department (IRD) has set strict rules for electronic billing through:

👉 These rules make it clear: if you meet the turnover thresholds or are in a listed sector, you must use IRD‑approved billing software—and OneFlow is fully compliant.

What the Directives Require from IRD‑Approved Software

Under the Electronic Billing Procedure, 2074 (4th amendment) and directive 1958456687, any IRD‑certified software must:

  • Support CBMS integration for real‑time or scheduled data sync.
  • Generate fiscal‑year based invoice numbers with proper reprint labeling (Copy of Original–2/3…).
  • Maintain an immutable audit trail—no hard deletes; every edit must record user, time, and reason.
  • Store data securely—cloud hosting must be in Nepal (or with local backup accessible to IRD).
  • Enable VAT rebate reporting (Schedule‑8 format) for digital payments like QR and card.

OneFlow meets all these standards—from Annex‑5 invoice formats to CBMS API communication and secure local hosting.

OneFlow Features Aligned with IRD Rules

IRD RequirementOneFlow Capability
CBMS Real‑Time SyncBuilt‑in integration with CBMS API, automatic retry, sync logs.
Annex‑5/6 Invoice NumberingFiscal‑year numbering with auto reset; reprint copies marked.
Audit‑Trail IntegrityPostgreSQL ledger, soft delete, user/time/reason tracking.
Schedule‑8 VAT Rebate MessagingDigital payment API formatting for 10% VAT rebate reporting.
Local Hosting & SLAHosted in Nepal (Kathmandu DC) with SLA filed to IRD.
VAT Return Reports (305/306/308)Exportable in IRD formats with Nepali calendar alignment.

Why Compliance Matters (Risk vs. Protection)

Risk Without IRD‑Certified SoftwareOneFlow Advantage
Fines up to NPR 500,000IRD‑listed and certified.
VAT invoices rejectedPAN/VAT compliant invoice templates.
Edited invoices without logsImmutable audit trail and reprint markings.
Loss of VAT rebate on QR paymentsBuilt‑in Schedule‑8 reporting.
Hosting violationsFully local hosting compliant with IRD SLA.

Getting Started: OneFlow IRD Listing & Setup

Step‑by‑Step Roadmap:

  1. Check your eligibility: Above NPR 10 crore turnover (or NPR 5 crore for hospitality) or above NPR 250 million CBMS threshold.
  2. Request CBMS Test Report from OneFlow (IRD test server verification).
  3. Prepare required documents:
    • PAN/VAT certificate
    • Tax clearance certificate
    • Sample invoice (Annex‑5/6)
    • CBMS connectivity report
    • Hosting and backup policies (OneFlow provides ready versions)
  4. Submit Software Listing Form via IRD Taxpayer Portal → Electronic Billing.
  5. Switch to production before next VAT return—run dummy invoices, check CBMS sync, finalize setup before Ashadh‑end.

Final Thoughts: Why OneFlow is the Smarter Choice

The IRD’s notices and directives make one point clear: use IRD‑approved e‑billing software or face penalties.

With OneFlow, you get:

  • Certified compliance with all IRD formats and CBMS requirements.
  • Audit‑ready reports for VAT, CBMS, and fiscal‑year returns.
  • Local hosting, IRD SLA, and continuous updates to match regulation changes.

👉 Be compliant, be audit‑ready, and simplify your accounting.

Start your 15‑day free trial of OneFlow and issue your first IRD‑synced invoice today.

Nepal Budget
Tax and VAT Highlights from Nepal Budget 2082 – Key Highlights & Insights

Nepal’s government has unveiled a NPR 1.96 trillion budget for the fiscal year 2081/82 (2024/25), aiming to balance development priorities with fiscal discipline. Here’s a quick breakdown:

Budget Allocation (in NPR billions):

Total Budget: 1,960

Recurrent Expenditure: 1,180 (60.1%)

Capital Expenditure: 407.89 (20.8%)

Debt Servicing: 375.24 (19.1%)

Transfers to Provinces & Local Levels: 417.83

💰 Revenue Sources (in NPR billions):

Internal Revenue: 1,310

Foreign Grants: 53.45

Foreign Loans: 233.66

Domestic Borrowing: 362

🌱 Strategic Priorities:

Sovereign Wealth Fund (SWF) to channel surplus remittances into productive investments, job creation, and import substitution.

  • Emphasis on infrastructure development, fiscal stability, and social welfare.
  • A forward-looking push to diversify the economy and build resilience against global shocks.

While the budget sets an optimistic tone for economic revival and structural reforms, detailed sector-wise allocations and execution strategies are awaited.

Income Tax Related Highlights

  1. IT-based industries and hotels/resorts to receive tax and electricity tariff exemptions similar to special industries.
  2. 75% income tax exemption on income from IT service exports.
  3. Only 5% final income tax on income of individuals residing in Nepal who export IT services abroad.
  4. Startups with annual turnover up to NPR 100 million (10crore) will get 5 years of full income tax exemption.
  5. Transport service providers paying rent to natural persons can deduct such payments as expenses if advance tax is withheld.
  6. Tax settlement opportunity for taxpayers who failed to file income statements and were assessed by the tax office just by paying the actual tax and interest on such tax if paid within Poush without paying fines and penalties.
  7. Advance income tax 2.5% at customs abolished for grains, legumes, fruits, plant-based, animal-based, and dairy products.
  8. Minimum tax requirement removed for taxpayers without taxable transactions.
  9. Income Tax Exemption for Special and Tourism Industries (excluding Casinos)

📌 Eligibility Criteria:

  • Capital investment of at least NPR 1 billion
  • Creation of direct employment for more than 500 people
  • Must be a special industry or a tourism industry (except casinos)

🧾 Tax Concession:

ScenarioTax Exemption
New Industry✅ Full tax exemption for 5 years from the date of commencement of business

✅ 50% exemption for the following 3 years
Existing Industry (Expansion)✅ If the industry: Expands capacity by at least 25% Reaches at least NPR 2.5 billion capital Creates direct employment for at least 300 people Then:

✅ Income from the expanded capacity will receive full tax exemption for 5 years, and then

✅ Now updated to 75% exemption (previously 50%) for the next 3 years

VAT and Other Taxes

  1. Interest, penalties, late fees waived for delayed VAT/excise filings if taxpayers now comply.
  2. Airlines and agents that pay outstanding VAT will benefit from waivers on additional charges.
  3. VAT on digital payment services abolished.
  4. Expansion of the central electronic invoicing system to improve taxpayer compliance.
  5. NPR 3 lakh bank guarantee requirement removed for businesses obtaining import-export (EXIM) codes. VAT amnesty scheme for taxpayers with unpaid VAT liabilities up to Chaitra 2081 If such taxpayers pay the due VAT and 25% of the applicable interest by the end of Poush 2082, they will be fully exempt from remaining interest, penalties, and late fees.

Miscellaneous Tax and Administrative Reforms

  1. Legal review of VAT, income tax, and excise laws to align with global tax reforms and evolving business models.
  2. Retirement funds must be managed through approved institutions like EPF, CIT, SSF, or other authorized bodies.
  3. Expansion of Digital Service Tax (DST) to cover all forms of digital transactions.
  4. Tax administration to become more paperless, contactless, and faceless, with a focus on specialization and capacity development.
  5. Automated customs valuation system to replace manual reference pricing using international pricing trends.
  6. Women Entrepreneurship Support
  7. Full waiver of registration and renewal fees for industries registered in the name of women, encouraging gender-inclusive business growth. Introduction of Health Risk Tax on annexure 6 products that include like cigarettes, alcohol etc.
  8. Government plans to establish a fully digital Neo Bank by fiscal year 2082/83