The Government of Nepal proposed Fiscal Year 2082/83 (2025/26) budget introduces a significant change to the country’s VAT system. Instead of a single 13% VAT rate, the Government has proposed introducing multiple VAT rates, including 13% and 5%, along with provisions for VAT refunds or discounts on eligible digital payments. Businesses may need to manage different VAT rates across products and services while ensuring accurate billing and tax compliance.
What Could This Mean for Businesses?
Managing different VAT rates manually can increase the risk of billing errors, incorrect tax calculations, and compliance challenges. Businesses that sell multiple categories of products or services may need a billing system capable of handling varying tax rates automatically.
How IMS ERP Helps
IMS ERP is built to adapt to changing business and regulatory requirements.
With the Tax & Billing Module, businesses can:
- Configure different VAT rates for different products and services
- Calculate VAT automatically during billing
- Generate accurate, real-time invoices
- Access IRD-ready reports for easier tax management
Whether your business manages hundreds or thousands of products, IMS ERP helps simplify billing while reducing manual work and improving accuracy.
Stay Ready for Tomorrow
As Nepal continues moving towards digital tax reforms, businesses should ensure their billing systems are ready for future changes.
IMS ERP is designed to help businesses stay compliant, improve operational efficiency, and adapt confidently to evolving tax regulations.
Because when regulations change, your business software should already be ready.
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