Riders of Pathao and Indrive must take mandatory PAN
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.
Express
Related News
The price of one tola of gold is three lakh eighteen thousand eight hundred
Kathmandu. Even today, the price of gold and silver has set a record in the local market. According to the Federation of Nepal Gold and Silver Traders, today the price of one tola of printed gold is 318 thousand 800 and the value of silver is 7 th...
Gold and silver prices are falling, how much is the transaction?
Kathmandu. The prices of both gold and silver have fallen in the Nepali market. On this day, gold decreased by 1000 rupees per tola and silver decreased by 15 rupees per tola.
According to the Nepal Gold and Silver Traders Federation, gold w...
IPO allocation of Bhujung Hydropower, 83 thousand got shares
Kathmandu. Bhujung Hydropower Limited has completed its IPO allotment to the general public. Sales manager Kumari Capital Limited has allotted the IPO today at 9 am on Tuesday. The company issued a total of 830,000 IPO shares to the general public...
National Life honored the CEO Club members of Bagmati Province
Kathmandu. National Life Insurance Company Ltd. has completed the CEO Club member honor program under the chairmanship of the company's chief executive officer at Wave Hospitality located in Kathmandu. In financial year 2081/82, more than 500 agen...
Huge price hike in petroleum products
Kathmandu. Nepal Oil Corporation has increased the price of petroleum products. The corporation has informed that the prices of diesel, kerosene and jet fuel have been increased internally with effect from today. According to the new price list, d...
The Australian dollar, euro and pound fell, while the Bahraini dinar rose
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currencies for Monday. Even today, the US dollar remains at a high value. Some currencies, including the Bahraini dinar, have appreciated. According to Nepal Rastra Bank, the...



