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