Introduction
Nepal is a country whose one and only billionaire, Mr. Binod Kumar Chaudhary, marks his presence on the list of billionaires published by Forbes Magazine every year. He has invested in many countries around the world, including FMCG products, electronics, education, and the hospitality sector.
National Tax Day of Nepal
National Tax Day is celebrated every November 16 in Nepal, which marks the introduction of VAT in Nepal in 1997. Previously, this day was observed as VAT Day, which was converted to National Tax Day in 2012. On this day, the highest tax payers—individuals and entities from various sectors—are being honored for their contribution to achieving the target tax of the Inland Revenue Department.
Sectors of Honor by the Inland Revenue Department
The Inland Revenue Department announces various tax payers as excellent tax payers under different heads, like the highest tax-paying taxpayer, The highest tax-paying taxpayer from exports The highest tax-paying taxpayer from among special industries, Highest tax-paying taxpayers from agriculture and animal-based industries, Highest tax-paying taxpayer from among entities doing cooperatives and microfinance transactions, The highest tax-paying taxpayers come from entities doing bank and financial transactions. Highest tax-paying taxpayers from entities doing insurance business, The highest tax-paying taxpayers from entities providing health and education services, The highest tax-paying taxpayers from entities doing business in tourism, the highest tax-paying taxpayers from entities doing business in goods, Highest tax-paying taxpayer from among medium-scale taxpayers, Highest tax-paying taxpayer from among energy-based industries, The highest tax-paying taxpayer from among remittance and money transfer entities, The highest tax paying taxpayer from among individual income taxes, Highest tax-paying taxpayer from total inland revenue and highest VAT-paying entities.
The List of Highest Tax Payers of Nepal of Last Three Years
The list of the highest payers of Nepal of 2076/77 are presented below:
|
Sectors Of Honour |
Entities Receiving The Award |
|
Highest Tax paying Taxpayer |
Nepal Telecom Limited |
|
Highest tax paying taxpayer from Export |
Dabar Nepal Private Limited |
|
Highest tax paying taxpayer from among Special Industries |
Asian Paints Nepal Private Limited |
|
Highest tax paying taxpayer from Agriculture and animal based Industries |
Purwanchal Agritech Private Limited |
|
Highest tax paying taxpayer from among entities doing Co-operatives and micro finance transactions |
Chhimek Laghubitta Bittiya Sanstha Limited |
|
Highest tax paying taxpayer from entities doing bank and financial transactions |
Nabil Bank Limited |
|
Highest tax paying taxpayer from entities doing insurance business |
Nepal Reinsurance Company Limited |
|
Highest tax paying taxpayer from entities doing health and education service providers |
Nobel Medical College Teaching Hospital Private Limited |
|
Highest tax paying taxpayer from entities doing business of Tourism |
Taragaon Regency Hotels Limited |
|
Highest tax paying taxpayer from entities doing business of goods |
Bhatbhateni Supermarket and Departmental Store Private Limited |
|
Highest tax paying taxpayer from among medium scale taxpayers |
Credit Information Centre Company Limited |
|
Highest tax paying taxpayer from among energy based industries |
Himal Power Limited |
|
Highest tax paying taxpayer from among individual income tax |
Siddhartha Sumsher JB Rana |
|
Highest tax paying taxpayer from total inland revenue |
Surya Nepal Private Limited |
|
Highest VAT paying entity from Shrawan 2066 to Ashadh 2078 |
Ghorahi Cement Industries Limited |
The list of the highest payers of Nepal of 2077/78 are presented below:
|
Sectors Of Honour |
Entities Receiving The Award |
|
Highest Tax paying Taxpayer |
Nepal Telecom Limited |
|
Highest tax paying taxpayer from Export |
Shree Shiva Shakti Ghee Industry Private Limited |
|
Highest tax paying taxpayer from among Special Industries |
Rajesh Metal Crafts Private Limited |
|
Highest tax paying taxpayer from Agriculture and animal based Industries |
O.C.B Foods and Feeds Private Limited |
|
Highest tax paying taxpayer from among entities doing Co-operatives and micro finance transactions |
Chhimek Laghubitta Bittiya Sanstha Limited |
|
Highest tax paying taxpayer from entities doing bank and financial transactions |
Nabil Bank Limited |
|
Highest tax paying taxpayer from entities doing insurance business |
Nepal Reinsurance Company Limited |
|
Highest tax paying taxpayer from entities doing health and education service providers |
Nobel Medical College Teaching Hospital Private Limited |
|
Highest tax paying taxpayer from entities doing business of Tourism |
Manakamana Darsan Private Limited |
|
Highest tax paying taxpayer from entities doing business of goods |
Hansaraj Hulaschand and Company Private Limited |
|
Highest tax paying taxpayer from among medium scale taxpayers |
Nepal Stock Exchange Market Limited |
|
Highest tax paying taxpayer from among energy based industries |
Chilime Hydropower Company Limited |
|
Highest tax paying taxpayer from among remittance and money transfer entities |
IME Limited |
|
Highest tax paying taxpayer from among individual income tax |
Bijay Kumar Shah |
|
Highest tax paying taxpayer from total inland revenue |
Surya Nepal Private Limited |
|
Highest VAT paying entity from Shrawan 2067 to Ashadh 2079 |
Gurkha Brewery Private Limited |
The list of the highest payers of Nepal of 2078/79 are presented below:
|
Sectors Of Honour |
Entities Receiving The Award |
|
Highest Tax paying Taxpayer |
Nepal Telecom Limited |
|
Highest tax paying taxpayer from Export |
Dabar Nepal Private Limited |
|
Highest tax paying taxpayer from among Special Industries |
Asian Paints Private Limited |
|
Highest tax paying taxpayer from Agriculture and animal based Industries |
O.C.B Foods and Feeds Private Limited |
|
Highest tax paying taxpayer from among entities doing Co-operatives and micro finance transactions |
Chhimek Laghubitta Bittiya Sanstha Limited |
|
Highest tax paying taxpayer from entities doing bank and financial transactions |
Global IME Bank Limited |
|
Highest tax paying taxpayer from entities doing insurance business |
Life Insurance Corporation (Nepal) Private Limited |
|
Highest tax paying taxpayer from entities doing health and education service providers |
Nobel Medical College Teaching Hospital Private Limited |
|
Highest tax paying taxpayer from entities doing business of Tourism |
Manakamana Darshan Private Limited |
|
Highest tax paying taxpayer from entities doing business of goods |
Bhatbhateni Supermarket and Departmental Store Private Limited |
|
Highest tax paying taxpayer from among medium scale taxpayers |
Nepal Stock Exchange Market Limited |
|
Highest tax paying taxpayer from among energy based industries |
Bhotekoshi Power Company Private Limited |
|
Highest tax paying taxpayer from among remittance and money transfer entities |
IME Limited |
|
Highest tax paying taxpayer from among individual income tax |
Bijay Kumar Shah |
|
Highest tax paying taxpayer from total inland revenue |
Surya Nepal Private Limited |
|
Highest VAT paying entities Shrawan 2075 to Ashadh 2079 |
Surya Nepal Private Limited |
From the above list of taxpayers for the last three years, we came to the conclusion that Nepal Telecom Limited is the highest taxpayer in Nepal.
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