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 and silver decreased, how much is the transaction going on today?
Kathmandu. The prices of gold and silver, which are constantly increasing, decreased on Thursday. Today, the price of gold has decreased by Rs 1,500 per tola. According to the Federation of Nepal Gold and Silver Traders, the price of printed gold...
Now police salary will come every 15 days
Kathmandu. The government is going to pay the police every 15 days from the next financial year 2083/84. Nepal Police Head Office, Administration Department Budget Branch on Tuesday issued a circular to the budget management offices across the cou...
What is the exchange rate of which foreign currency on Thursday?
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 144 rupees 47 paisa and the selling rate is 145 rupees 38 paisa. Similarly,...
The price of gold fell by 1200!
Kathmandu. The price of gold in the local market has decreased by 1200 per tola. According to the Federation of Nepal Gold and Silver Traders, on Wednesday, the price of one tola of printed gold has been fixed at 366,700. On Tuesday, one tola of g...
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...
This is the exchange rate of foreign currency on Sunday
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for Sunday. According to which, the buying rate of one American dollar is fixed at 153 rupees 25 paise and the selling rate is 153 rupees 85 paise. Similarly, the bu...



