Top taxpayers honored on National Tax Day

Himal Press 16 Nov 2024
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Top taxpayers honored on National Tax Day

KATHMANDU: The government has honored outstanding taxpayers on the occasion of National Tax Day.

Minister for Finance Bishnu Prasad Paudel felicitated different individuals and institutions for paying the highest taxes to the state in the fiscal year 2022/23 during National Tax Day and Tax Week Celebrations on Saturday.

Nepal Doorsanchar Company Ltd (Nepal Telecom) paid the highest income tax (institution) in the review period. At the same time, Shruti Traders was honored for paying the highest income tax among sole proprietorship firms.

Similarly, Minister Paudel felicitated Raj Bahadur Shah for paying the highest income tax among individuals.  Dabur Nepal led in the export of goods, while Codavatar Tech topped the information technology services sector. Patanjali Ayurveda was recognized as the highest income taxpayer in agriculture and livestock, and Nabil Bank Limited in banking, financial institutions and the insurance sector. Bhote Koshi Power Company received the honor in the energy sector and City Express Money Transfer in the remittance and money transfer category.

In the health and education category, Lumbini Medical College and Teaching Hospital Limited received the honor, while Taragaon Regency Hotel Limited was recognized in the tourism sector Bhatbhateni Supermarket and Departmental Store stood out among goods trading companies as the top taxpayer.

CDS and Clearing Limited was awarded as the best taxpayer among companies with transactions between Rs 500 million and Rs 1 billion, while Soaltee Enterprises was awarded as the highest taxpayer among companies with annual transactions up to Rs 500 million.

Similarly, Hongshi Shivam Cement was honored for consistently paying the highest Value Added Tax (VAT) from July 2018 to June 2024 within the specified timeframe. Varun Beverages was honored for paying the highest income tax in the special industry category.

 

Highest Taxpayers

  • Highest Income Taxpayer: Nepal Telecom
  • Highest Among Sole Proprietorship Firms: Shruti Traders
  • Highest Income Taxpayer (Individual): Raj Bahadur Shah
  • Export Business: Dabur Nepal
  • IT Service Export: Codavatar Tech
  • Agriculture & Livestock: Patanjali Ayurved
  • Banking & Insurance: Nabil Bank Limited
  • Healthcare & Education: Lumbini Medical College
  • Tourism: Taragaun Regency Hotel Limited
  • Retail Trade: Bhatbhateni Supermarket and Departmental Store
  • Energy: Bhotekoshi Power Company
  • Remittance & Money Transfer: City Express Money Transfer
  • Companies with transactions between Rs 500 million and Rs 1 billion: CDS & Clearing Limited
  • Companies with transactions up to Rs 500 million: Soaltee Enterprises
  • Paying value-added tax on time consistently (2018-2024): Hongshi Cement
  • Special Industry: Varun Beverages

 

Published On: 16 Nov 2024

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