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 Sunday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for Sunday. According to the determined exchange rate, the buying rate of one US dollar is 147 rupees 64 paisa and the selling rate is 148 rupees 24 paisa. Similarly...
Twenty-four thousand five hundred megawatts of electricity will be produced in the next ten years
Kathmandu. The government has published the 'Energy Consumption Growth and Export Strategy, 2083' with the goal of producing a total of 24,500 megawatts of electricity by the end of the fiscal year 2092, 93 with investment from the government, pub...
Heavy fall in the price of gold and silver, how much is the transaction going on today?
Kathmandu. On Tuesday, the price of gold and silver, which is constantly increasing, has fallen sharply. According to the Nepal Gold and Silver Traders Federation, today the price of gold has decreased by 7 thousand 900 rupees per tola.
Alon...
NEPSE decreased by 13 points, turnover exceeded 5 billion!
Kathmandu. On the fourth trading day of the week, the NEPSE index fell by 13.35 points to 2635.94 points. Today, when 1.6 million shares of 323 companies were bought and sold, the total turnover reached 5.17 billion rupees.
In trading, the s...
What is the exchange rate of foreign currency on Wednesday?
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 141 rupees 48 paisa and the selling rate is 142...
The US dollar, Australian dollar and dinar rose, while the euro and pound gained more
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currencies for Thursday. Today, the exchange rate of all foreign currencies including the US dollar, Australian dollar, Euro, pound, Kuwaiti and Bahraini dinar has increased....



