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
What is the exchange rate of which foreign currency on Saturday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the exchange rate set for today, the value of the US dollar has increased again. According to the fixed exchange rate, the buying rate of one...
What is life insurance? Why is it necessary?
© Rabindra Lamichhane (Nabin)
What is life insurance? Why is this necessary?
Life Insurance is a financial plan that provides financial security rela...
What is the foreign currency exchange rate?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for Saturday. According to which, the buying rate of one US dollar has remained at 151 rupees 71 paisa and the selling rate has been maintained at 152 rupees 31 pais...
Irregular Tinker Naka for four years, business affected
Kathmandu. The Tinkar Pass of Darchula, located on the Nepal-China-Tibet border, was once the main base of trade, movement and cultural relations of the local community. For generations, local people have been doing regular business of salt, wool,...
The stock market closed down with normal numbers, "positive circuit" in 4
Kathmandu. On the first trading day of the week, there was a general decline in the stock market. NEPSE index decreased by 4.18 points to 2833.60 points. Although 20 million more shares were traded, the turnover was 8 billion 66 million rupees.&nb...
30.02 points decline in NEPSE, turnover of 4.9 billion
Kathmandu. On the first trading day of the week, the stock market NEPSE index fell by 30.02 points to 2566.09. On NEPSE, 10.6 million 19 thousand 180 shares of 323 companies were bought and sold, and over 4.9 billion shares were traded. Today, whi...



