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
Opening of Nagadhunga tunnel tomorrow, only emergency vehicles will be allowed to ply
Kathmandu. Nepal's first modern transport tunnel 'Nagadhunga-Sisnekhola Tunnel' will be formally inaugurated from Monday.
The total cost of this project, which was completed with the concessional loan of Japan International Cooperation Agenc...
Here is today's foreign currency exchange rate
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for Sunday. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 153 rupees 76 paisa and the selling rate is 154 rupees 36 paisa.
The...
Government institutes allowed to bring 25,000 tons of sugar for Dasain-Tihar
Kathmandu. The government has given permission to Salt Trading Corporation and Food Arrangements and Trade Company Limited to import 25,000 tonnes of sugar targeting Dasain-Tihar. The cabinet meeting held on Thursday allowed both the institutes to...
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...
IPO distribution of Ridge Energy completed, 1 lakh 18 thousand people got shares
Kathmandu. Ridge Line Energy Limited has completed the IPO process issued to the general public. Sales manager Prabhu Capital completed the allotment this morning. IPO of the company 118 thousand 26 people have acquired 11 lakh 80 thousand 260 sha...
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. According to the determined exchange rate, the buying rate of one US dollar is 146 rupees 6 paisa and the selling rate is 146 rupees 66 paisa.
The b...



