Government has felicitated highest tax-paying businesses and individuals on the occasion of the National Tax Day on Wednesday.
Minister for Finance Janardan Sharma conferred the felicitations to them. Nepal Telecom is recognised as the highest income-tax paying company while Shashi Ranjan Dabar has paid the highest tax from export industries category. Likewise, Asian Paints’ Gopal Shrestha received felicitation from special industry sector.
Siddartha Rana, Chairman of Sipradi Trading, is the largest individual taxpayer. He has investments in Sipradi Energy, Sipradi Earthmover, Sipradi Autoparts, Sipradi Assured, Himalayan International Energy, Bhotekoshi Power Company, Tara Management, Surya Fund, Soaltee Group, Amaravati Travel, Am Trade and Surya Nepal.
Surya Nepal is the largest payer of the Value Added Tax and income tax from industry sector.
Purvanchal Agrotech has paid the highest tax from agriculture sector.
Similarly, Nabil Bank, Nepal Reinsurance Company and Chhimek Laghubitta Bittiya Sanstha are recognised as the highest tax payers from commercial bank, insurance and microfinance companies.
Other largest taxpayers are Nobel Hospital from service sector, Taragaun Regency (Hyatt Hotel) from tourism sector, Himal Power Company from hydropower sector and Bhatbhateni Superstore from trading.
Finance Minister Janardan Sharma said on the occasion that the government would form a mechanism to immediately address the taxpayers’ problems and constraints in the tax system.
“After listening to the complaints of the taxpayers, I have realized that the country needs a special unit to listen to their grievances and the government will immediately address the problems,” he said.
Stating that he had received grievances that the informers of tax leakage were not properly awarded, he directed to immediately provide incentives to the informers. He also expressed his commitment to make the tax administration fully contactless and paperless.
Revenue Secretary Krishna Hari Pushkar said that the revenue raised from the taxpayers during the COVID-19 pandemic had supported in the economic recovery.
Meanwhile, the IRD has achieved 95.32 per cent result in its tax collection target in the last Fiscal Year 2020/21. It had collected Rs. 429.27 billon tax revenue last year of which Rs. 277 billon was income tax and Rs. 134.9 billion excise duty.
Source : TRN,
