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 price of gold continues to rise, exceeding 277,000 tolas
Kathmandu. As the wedding season begins, the price of gold is constantly increasing. There have been some fluctuations in the price of silver. According to the Federation of Nepal Gold and Silver Traders, today the price of one tola of printed gol...
The value of the US dollar continues to rise
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 rate, the buying rate of one US dolla...
Formation of study committee for re-operation of Biratnagar jute mill, report within one month
Kathmandu. The government has constituted a task force to study for re-operation of Biratnagar Jut Mill. It has been decided to form a working group with experts to study the existing economic, technical and legal conditions of the industry and re...
After a week, the stock market fell, the turnover did not increase
Kathmandu. The stock market, which has increased for 6 consecutive trading days, fell by 13.95 points on Wednesday and the NEPSE index fell to 2,712 points. The transaction amount has also decreased from 6.67 billion rupees the previous day to 5.1...
A slight improvement in the stock market; why is it fluctuating?
Kathmandu. The market has broken its streak of declines for the fourth consecutive day. Today, the market saw a slight improvement. Although the market rose by a small margin today, there is no atmosphere of enthusiasm among investors. As the mark...
Today, NEPSE decreased by a normal number, the turnover fell to 7 billion 49 crores
Kathmandu. On the fourth trading day of the week, the NEPSE index decreased by 1.64 points to 2681.50. During the day, 1 crore 66 lakh 82 thousand 626 shares of 326 companies were bought and sold, and 7 billion 49 crore 97 lakh shares were traded....



