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
Modi Energy has received preliminary approval for the issue of rights shares from the Electricity Regulatory Commission
Kathmandu. Modi Energy Limited has received prior approval from the Electricity Regulatory Commission to issue rights shares. The company had submitted an application to the Electricity Regulatory Commission seeking prior approval for the issue of...
The price of petroleum products has decreased in Nepal
Kathmandu. Nepal Oil Corporation has reduced the price of petroleum products significantly. The board meeting of the corporation has decided to reduce the prices of petrol, diesel, kerosene, aviation fuel and LP gas for cooking. The new price will...
Salt Trading Corporation to distribute 10 percent dividend
Kathmandu. Salt Trading Corporation is going to distribute 10 percent dividend. The company has announced that it will distribute the dividend to its shareholders from the profit of the last financial year. In which the company is going to distrib...
New Government Still Relies on Foreign Loans Instead of Collecting Revenue
By Anusa Thapa
Bhaktapur, Nepal — The courts issue orders, but the government fails to implement them. This reality is clearly reflected in the government's inability to collect taxes and revenues despite repeated court directives.
Cou...
Dissatisfaction of Reliance Spinning Mills over first transaction price in NEPSE
Kathmandu. Reliance Spinning Mills Limited has expressed displeasure with the opening range of the company's shares set by the Nepal Stock Exchange NEPSE. Issuing a statement, he expressed his displeasure that the opening range of Company Play sha...
The request of the department to inform about the illegal trading of gas
Kathmandu. The Department of Commerce, Supply and Consumer Protection has requested all of you to call 1137 toll-free if you have any information or information regarding the illegal trading of LP gas for cooking due to the shortage in the interna...


