On the occasion of the 9th National Tax Day on Sunday, the Nepali Government has honored the highest taxpayers in the country for the fiscal year 2018/19.
Nepali Finance Minister Bishnu Prasad Paudel felicitated 15 taxpayers for paying the highest income taxes to the government in the mentioned fiscal year.
Before you dive into the list of highest taxpayers in Nepal, let’s have a glance at the Top 15 Richest Nepalis in the World.
1) Highest Taxpayer
Surya Nepal Pvt. Ltd. has been felicitated as the largest income taxpayer in the country for the FY 2018-19. It is an Indo-Nepal-UK joint venture.
2) Highest Individual Taxpayer
Vijay Kumar Shah, Chairman of Jawalakhel Group of Industries, stood as the largest individual taxpayer. Jawalakhel Group is a business conglomerate involved in the manufacturing and distribution of alcoholic beverages.
3) Highest Taxpayer Among Exporters
Dabur Nepal Pvt. Ltd. was honored for being the largest taxpayer among exporters.
4) Highest Taxpayer Among Special Industries
Himal Power Ltd. stood as the highest taxpayer among special industries.
5) Highest Taxpayer Among BFIs
Nabil Bank Ltd. received the government accolade for paying the highest income tax among the bank and financial institutes.
6) Highest Taxpayer Among Agro and Livestock Industries
Annapurna Agro Industries Pvt. Ltd. was honored for paying the highest tax among agro and livestock industries.
7) Highest Taxpayer Among Cooperatives and Microfinance Companies
Chhimek Laghubitta Bittaya Sanstha Ltd. stood as the top taxpayer among cooperatives and microfinance companies.
8) Highest Taxpayer Among Insurance Companies
Nepal Reinsurance Company Ltd. was felicitated for paying the highest tax in FY 2018/19 among all insurance companies in the country.
9) Highest Taxpayer in Educational Industry
Manipal Education and Medical Group paid the highest tax in the said fiscal year among education services.
10) Highest Taxpayer Among Remittance Companies
IME Ltd. was felicitated by the Nepali Government for paying the highest tax among remittance companies.
11) Highest Taxpayer Among Trading Businesses
Agni Incorporated Pvt. Ltd. paid the highest tax in the fiscal year among the trading businesses.
12) Highest Taxpayer Among Tourism Businesses
Taragaon Regency Hotel Limited received the government felicitation for paying the highest tax among tourism businesses.
13) Highest Taxpayer Among Medium Level Taxpayers Office
Kamana Bikas Bank Ltd. was honored by Nepali Government for paying the highest income tax in the fiscal year 2018/19 among the taxpayers that are under the Medium Level Taxpayers Office.
14) Highest Taxpayer Among Inland Revenue Offices
VFS was the highest tax in the FY 2018/19 among the taxpayers across the inland revenue offices in the country.
15) Highest VAT Payer
Ghorahi Cement Industries Pvt. Ltd. paid the highest Value Added Tax (VAT) in the mentioned fiscal year.
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