The national scheme—aimed at tackling tax evasion and curbing revenue leakage—offers buyers a chance to win up to Rs 1,00,0000 (10 Lakhs) in cash prizes.
Cash Prizes and Draw Schedule
Under the new procedure issued by the Inland Revenue Department (IRD), lucky draws will take place automatically using electronic software:
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Daily Draw: Rs 1,33,334 awarded to one winner every single day.
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Fortnightly Bumper Prize: Rs 10 Lakhs awarded to one winner every 15 days.
Tax Note: According to the Income Tax Act, a 25% windfall tax will be withheld at source before the final payout is transferred.
How Consumers Can Participate
To automatically enter the draw, consumers must meet the following basic criteria:
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Transaction Minimum: Purchase goods or services worth at least Rs 100 (in a single receipt) for personal, non-commercial use within Nepal.
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Digital Payment & Verification: Pay via electronic modes (e-wallets, mobile banking, cards) and ensure the merchant generates an invoice synced directly into the IRD server.
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Valid Merchant: The bill must be issued by a registered seller with a valid Permanent Account Number (PAN).
Note: Cash transactions can also be entered manually by registering the invoice details, date, and seller PAN on the IRD web portal or mobile app.
Exclusions to the Scheme
Not all invoices qualify for the prize draws. Ineligible receipts include:
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Commercial or business-purpose purchases intended for resale.
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Receipts issued by government bodies or public sector undertakings.
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Monthly utility and travel expenses, including telephone, internet, electricity, public transport, and air tickets.
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Purchases made from non-PAN registered vendors.
Claiming the Reward
Winners will be notified via SMS or email, and results will be published on official ministry channels.
To claim the prize, winners must apply to the nearest Inland Revenue Office within 15 days of the announcement, presenting:
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The original purchase invoice
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Citizenship certificate or valid government photo ID
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Personal bank account details
Once verified, the tax office will deposit the net prize directly into the winner's bank account within 10 days. Fraudulent or forged bills will result in legal prosecution under prevailing tax laws.
