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
Continuous gold price making a new record, how much per tola on Wednesday?
Kathmandu. The price of gold in the Nepali market today is constantly making new records. For the last three days, gold has been maintaining its highest price ever. Today only gold has increased by 900 rupees. According to the Nepal Gold and Silve...
What is the foreign currency exchange rate for today?
Kathmandu. Nepal Rastra Bank has announced the exchange rate of foreign currency for Wednesday. According to Rashtra Bank, the buying rate of the US dollar has been fixed at 154 rupees 16 paisa and the selling rate has been fixed at 154 rupees 76...
Jail sentence for those who spread chaos in the banking sector, the National Bank has given a final warning
Kathmandu. Nepal Rastra Bank has said that it has drawn serious attention to the unprofessional and disorderly activities targeting banks and financial institutions and their employees in recent days.
The budget is meant to feed the ambitious and wealthy, the target is not met: Former Finance Minister Mahat
Kathmandu. Former finance minister and Nepali Congress leader Dr. Prakasharan Mahat has commented that the budget for the next financial year 2083-84 brought by the government is very ambitious and it has taken a policy to feed the rich class rath...
What is the exchange rate of which foreign currency on Monday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the buying rate of one US dollar is 143 rupees 97 paisa and the selling rate is 144 rupees 57 paisa. Similarly, the...
Rastra Bank will invest 1 billion 20 million in banks and financial institutions
Kathmandu. Nepal Rastra Bank is going to invest Rs.1 billion 20 million in the Employee Protection Fund in banks and financial institutions. The Central Bank has published a notification and has requested the banks and financial institutions to su...



