On 7 September 2026 (22 Bhadra 2083), the IRD published the detailed operating procedures for the Taxpayer Incentive Gift Program for the fiscal year 2083/84. The program encourages voluntary tax compliance by rewarding taxpayers who issue and receive electronic invoices through a transparent lucky draw. The procedures define eligibility criteria, prize categories, selection methodology, and claim process.
Key Takeaways
- Eligibility Linked to E-Invoice Compliance: Only taxpayers who have issued at least 100 valid e-invoices during the qualifying period and have no outstanding tax liabilities are entered into the draw.
- Prize Structure and Tax Treatment: Prizes range from NPR 10,000 cash to 10 grams of gold; winnings are subject to 5% withholding tax under Section 88 of the Income Tax Act, deducted at source by the IRD.
- Independent Audit and Public Draw: The selection process is overseen by a committee comprising IRD officials, chartered accountants, and civil society representatives, with the draw conducted publicly and live-streamed.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement