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 tenth Dhading festival will be held from January 15 to 25
Kathmandu. The 10th Dhading Festival 2082 will be organized with the aim of making the local economy dynamic through the development and promotion of the economic, social, touristic and cultural sectors of the district. The festival will be conduc...
Solu Hydropower IPO to issue from today
Kathmandu. Solu Hydropower Limited has issued an initial public issue IPO for the local residents of the project-affected areas and Nepali workers who are employed abroad from today on November 7th. The company was all...
A huge increase in the price of gold, how much is the transaction?
Kathmandu. On the first trading day of the week, the price of gold rose in the Nepali market on Sunday. Today, gold has increased by 9 thousand 500 rupees. Gold which was traded at 2 lakh 91 thousand rupees on Friday is being traded at 3 lakh 500...
NEPSE fell by 12.58 points, trading fell to 8 billion 63 crores
Kathmandu. On the third trading day of the week, NEPSE index decreased by 12.58 points and remained at the point of 2683.15. During the day, 187.03 thousand 183 shares of 322 companies were bought and sold, and 8.63 billion 1.5 million shares were...
What is the exchange rate of foreign currency on Tuesday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 140 rupees 39 paisa and the selling rate is 140 rupees 99 paisa. The buying...
The government will give Rs 15,000 each to the victims of the Genji movement
Kathmandu. The government has decided to give a relief of Rs 15,000 each to the injured of the Janeji movement. Jagdish Kharel, Government Spokesperson and Minister of Communication and Information Technology informed...


