July 16, 2026, Thursday
English

Riders of Pathao and Indrive must take mandatory PAN

Main News Image

Kathmandu. The government has brought ride-sharing services such as Pathao and InDrive under the ambit of taxation and implemented a new legal arrangement related to Value Added Tax VAT.

The Internal Revenue Department has issued a public notice and according to the amendment made through the Economic Act, 2083, the riders who join such platforms and provide services have to pay tax at the rate of 5 percent.

According to this new arrangement, now the ride-sharing platforms will have to collect value added tax at the rate of 5 percent during the transaction from the riders who provide transport and transportation services through their app.

mediabaaji add

Related News

National Life earned a profit of 148 million rupees in the first quarter, insurance fund close to 1 billion

Kathmandu. National Life Insurance Company Limited has earned a net profit of Rs 148 million in the first quarter of the current financial year. The company's net profit has increased by 1.81 percent compared to Rs. 13...

Fluctuations in the price of the dollar and the euro: This is the exchange rate of foreign currencies on Wednesday

Kathmandu. Nepal Rastra Bank has determined the official exchange rate of foreign currencies for Wednesday. According to the latest information published by the Central Bank, today the buying rate of one US dollar has remained at 152 rupees 08 pai...

What is the exchange rate of which foreign currency on Sunday?

Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for Sunday. According to the fixed exchange rate, the buying rate of one US dollar is 148 rupees 39 paisa and the selling rate is 148 rupees 99 paisa. Similarly, the...

What is the exchange rate of which foreign currency on Monday?

Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the buying rate of one US dollar is 150 rupees 50 paisa and the selling rate is 151 rupees 10 paisa. Similarly, the...

The price of petroleum products fell!

Kathmandu. Nepal Oil Corporation has adjusted the price of petroleum products. The corporation has reduced the price of petrol by three rupees per liter with effect from 12:00 pm. Similarly, diesel and kerosene per liter has decreased by one rupee...

Shikhar Power's IPO allotment, 24 lakh 66 thousand applicants empty handed

Kathmandu. Shikhar Power Development Limited opened the sale to the general public from February 17th to 26th, and the IPO was distributed today on March 3rd by Global IME Capital Limited, the sales manager. The company got permission from the Nep...