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 gold and silver in the Nepalese market continues to increase, how much is the transaction going on?
Kathmandu. On Thursday, the price of gold in the Nepalese market has increased. According to the Federation of Nepal Gold and Silver Traders, today gold has increased by 100 rupees per tola. Three lakh two thousand 800 rupees of tola has been fixe...
More than 2.7 million smart licenses were sent to the offices for distribution
Kathmandu. The Transport Management Department has completed the printing of driver's license (Smart License) which has been stopped for the past four years and has accelerated the distribution process.
The department issued a statement and...
Cooperation between the government and banks is essential to expand the economy: Finance Minister
Kathmandu. Finance Minister Dr Swarnim Wagle has said that the government and banks should work together to achieve economic growth by expanding the economy.
Finance Minister Wagle has said that in the discussion with the Chief Executive Off...
NEPSE rose by 48.71 points, the turnover also increased
Kathmandu. On Thursday, the last trading day of the week, the Nepal Stock Exchange NEPSE index has closed significantly higher. Continuing the positive trend of the previous day, the market has turned green. On this day, the NEPSE index increased...



