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
Heavy fall in the price of gold, how much per tola?
Kathmandu. Gold prices fell on Monday. Today, the price of gold has decreased by 13 thousand 400 rupees per tola. According to the Nepal Gold and Silver Traders Federation, the price of gold in Chapawal has remained at 286,600 rupees per tola on M...
15 in petrol and Rs 10 in diesel-kerosene
Kathmandu. Nepal Oil Corporation has increased the price of petroleum products. The corporation has increased the price of petrol by Rs 15 and diesel kerosene by Rs 10. After the price hike, petrol in Kathmandu valley has become 172 per liter and...
61.62 percent of rice planting has been completed across the country, the progress is slower than last year
Kathmandu. In the current fiscal year 2083, 84, 61.62 percent of rice planting has been completed across the country so far. According to the latest data of the Ministry of Agriculture and Livestock Development, out of the total 13 lakh 66 thousan...
Across the country, 55 percent of farming families are food insecure
Kathmandu. It has been found that the number of farmer families in Nepal is about 41 lakh 30 thousand and the number of farmer families who do not have enough to eat throughout the year is about 55 percent. Although th...
No longer needing a bank to take a loan, Rashtra Bank is implementing formal loan transactions between individuals
Kathmandu. The Governor of Nepal Rastra Bank, Dr. Vishwanath Poudel, today announced the 25th monetary policy for the fiscal year 2083 and 84. This year's monetary policy has placed special emphasis on digital financial instruments and regulatory...
The selling rate of the dollar is 153 rupees 52 paisa, what is the price of the currency of the Gulf countries?
Kathmandu. Nepal Rastra Bank has determined the official exchange rate of foreign currencies for Friday. According to the information released by the Central Bank, today the buying rate of one US dollar is 152 rupees 92 paisa and the selling rate...



