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
Today, NEPSE closed down by 13.52 points, trading at 5.23 billion
Kathmandu. On the fourth trading day of the week, NEPSE index decreased by 13.52 points and remained at the point of 2631.17. During the day, 1873 thousand 372 shares of 332 companies were bought and sold, with a turno...
What is the exchange rate of which foreign currency on Tuesday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. While the price of the US dollar, which was stable on Monday, fell, the price of the European euro rose today. According to the fixed exchange rate, the b...
The price of gold increased, how much is the transaction?
Kathmandu. The price of gold and silver has increased in the local market today. Compared to Monday, the price of both metals increased. According to the Federation of Nepal Gold and Silver Traders, today the price of one tola of gold is 290 thous...
Sopan Pharmaceuticals IPO allotment, 3 lakh 47 thousand got shares
Kathmandu. Sopan Pharmaceuticals Limited has distributed the IPO issued to the general public. The sales manager, NMB Capital Limited, distributed the IPO this morning. The company had opened the IPO sale of 34 lakh 74 thousand 900 shares to the g...
Share price increase of five companies, how much has increased?
Kathmandu. On the first day of the week, i.e. Sunday, the stock market fell by double digits. Today, the NEPSE index decreased by 26.51 points to 2649.52 points. Share prices of 45 companies from different sectors have...
This is the foreign currency exchange rate on Wednesday
October 21, Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the National Bank, the buying rate of one US dollar has been fixed at 153 rupees 98 paisa and the selling rate is 154 rupees 58 p...



