Riders of Pathao and Indrive must take mandatory PAN
-
Media Baaji
- Thu, 16 July 2026
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.
Related News
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...
Gold prices fell modestly, while silver rose
Kathmandu. On Thursday, the price of gold in the Nepalese market has decreased. According to the Federation of Nepal Gold and Silver Traders, today the price of gold has decreased by Rs 100 per tola to Rs 3 lakh 6 thousand 500 per tola. Earlier on...
Richet Hydro to issue IPO to public, appoint RBB Merchant Banking as sales manager
Kathmandu. Upper Richet Hydropower Pvt Ltd has prepared to issue IPO for general public. The company has appointed RBB Merchant Banking Limited as the issue and sales manager. The agreement was signed by the executive chairman of the company, Anan...
Janakpur-Jayanagar train service will be closed for 3 days for election
Kathmandu. Nepal Railway Company Limited has announced that the train service operating on the Janakpur-Jayanagar section will be completely closed for three days, aiming at the upcoming election of members of the House of Representatives. Accordi...
On the first day of the week, the stock market increased by 4.45 points, trading at 14.32 billion
Kathmandu. On Sunday, the first day of the week, the stock market has risen normally. The NEPSE index increased by 4.45 points and closed at 2824 points. Although there were general fluctuations in the market throughout the day, the transaction am...
Solu Hydropower's IPO will be distributed next week
Kathmandu. The IPO of Solu Hydropower Limited will be distributed only next week. Nabil Investment Banking Limited and Himalayan Capital Limited as sales managers have informed that they are working to distribute the IPO only.
In the company...