Saturday, January 16, 2021

Mobile app helps pay taxes from any bank

Kathmandu, Jan. 15

Tax payers can now pay their tax liability from any bank with the help of PhonePay application in their cell phones.

The customers of the tax office could pay the tax only through the Everest Bank. PhonePay and Everest Bank signed an agreement to this effect on Friday. Bank’s Deputy General Manager Ashutosh Sharma and PhonePay’s Chief Technology Officer Diwas Sapkota signed the agreement.

The tax payers can pay the Value Added Tax (VAT), property tax, business tax and other service charges from their mobile banking. It has ended the obligation to reach the Inland Revenue Offices and stand in a queue to pay the taxes.

PhonePay has 52 banks and financial institutions in its network, 1.1 million mobile banking users and 160,000 merchants.

Published in The Rising Nepal daily on 16 January 2021. 

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