- Nepal’s 2024-25 budget includes proposals for electronic invoicing for all businesses
- Implementation date for businesses with transactions of Rs 250 million per annum is 16th July
- Regime is controlled by the Inland Revenue, including pre-clearance and direct exchange of invoicing information
- Known as fiscal billing, Central Billing Monitoring System (CBMS) has been in place since 2017 for industries susceptible to fraud
Source: vatcalc.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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