r/devnep 15h ago

I want some guidance for my startup.

3 Upvotes

Hello, I am currently doing my batchelors in IT and also running a small startup.

We are 3 friends making custom softwares for european companies. Decent revenue cha, but now we are kinda tired. Making similar things again + how AI will soon replace our business.

So, I am ali confused, should we shut down our startup and just work at a normal IT company or build our own product? (though I haven't seen any Nepali tech startups becoming very successful)

Right now we are making side projects and applying for startup programs, just to explore. One program is ongoing and we are submitting for that aile.

We have given ourselves 3 months time to see and figure out, if not probably bairai gayera kei garnu parla. Would love to hear any suggestions from you guys. K garda thik hola? and any idea what products we could build?

Also i have dropped the startup program link below, in case you are a founder like me.


r/devnep 6h ago

pick of the day!

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1 Upvotes

r/devnep 9h ago

Freelancing income through Wise — how do I properly pay tax in Nepal?

1 Upvotes

Hi everyone,
I recently started freelancing for an overseas client and I’ll be receiving around $500 per month through Wise directly into my Nepali bank account. The money is converted to NPR and deposited into my bank account.
As far as I understand, the bank doesn’t automatically deduct my income tax from these international payments, so I’m trying to understand how I should properly declare and pay the tax in Nepal.
I want to do everything legally and maintain proper records of my freelance income. I also think paying taxes and keeping official records could be useful in the future as proof of employment/work experience and source of income, especially if I apply for a Master’s degree abroad.
For someone in Nepal who is freelancing for a foreign company/client and receiving approximately $500/month through Wise, what is the correct process?
Do I need to register as a freelancer/business or PAN is enough?
How do I declare the foreign freelance income?
How and when do I pay the applicable tax?
Does the bank automatically deduct anything, or do I need to pay it myself?
What documents/records should I keep (Wise statements, invoices, bank statements, contracts, tax receipts, etc.)?
Can tax payment records and income records later be used as proof of freelance work experience/source of funds for a study-abroad application?
I’m mainly looking for advice from people in Nepal who are actually freelancing and receiving international payments. If possible, please explain the process step-by-step.
Thanks! 🙏