IME Life New

No VAT on NCHL’s service charges

SPIL
Global College
Nepal Life New

Kathmandu. Nepal Clearing House has abolished the value added tax (VAT) levied on electronic payment transactions. The government has announced the upcoming fiscal year 2082 BS. This announcement has been made through the budget and program of 83.

With the announcement of the government, the clearing house has informed that there will be no fee on the fees of its services from May 15. Also, the House has rs. It has been informed that there is no charge for transferring money through retail payment switch (Connect IPS) up to Rs 500.

Crest

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