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
9.43 points decline in NEPSE, turnover of 8.92 billion
Kathmandu. On the third trading day of the week, NEPSE index increased by 9.43 points to 2705.38. During the day, 201,641,883 shares of 324 companies were bought and sold, and 8,923,600,000 shares were traded. Today, while the share price of 82...
Mandatory IT audit system implemented in Nepal Stock Exchange for brokers
Kathmandu. Nepal Stock Exchange NEPSE has issued 'IT Audit Guidelines-2026' to make the digital infrastructure of the capital market safe and reliable and has implemented a mandatory information technology IT audit system for broker companies.
...As the real estate business gradually declined, the revenue collection also decreased
Kathmandu. It has been found that real estate transactions are gradually decreasing across the country. As the turnover is decreasing, the revenue collection has also decreased. According to the Department of Land Management and Records, which kee...
50 thousand shares of Nepal Life in the auction, everyone can buy
Kathmandu. Nepal Life Insurance Company Limited has auctioned 50,000 shares of the founder group. The company has put the shares in auction so that any interested and qualified person, company, organization can buy them.
The minimum price pe...
Treatment of three crore 2.4 million liters of waste water daily from Guhyeshwari sewage treatment plant
Kathmandu. The Guhyeshwari sewage treatment plant located in Guhyeshwari district is processing 30 million 24 lakh liters of waste water daily. In order to keep the rivers and environment of Kathmandu Valley clean, construction of more treatment c...
Are you exchanging foreign currency? Know today's official rate
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 145 rupees 27 paisa and the selling rate is 145 rupees 87 paisa.
Sim...



