CNI honours high taxpayers

By A Staff Reporter,Kathmandu, Dec. 4: The Confederation of Nepalese Industries (CNI) has honoured the high tax-paying businesses and individuals in the Fiscal Year 2021/22. They were honoured by the Inland Revenue Department last week on the occasion of National Tax Day 2080. 

Rajesh Kumar Agrawal, President of CNI, honoured the high taxpayers at a programme organised at the CNI Secretariat on Sunday. The government had honoured 16 institutions and individuals as high taxpayers. 

Among the awardees, two are government-run companies and 14 are from the private and public sectors. The CNI honoured 14 high taxpayers in the private and public sectors. Elevn of the 14 are members of CNI, it said in a statement on Sunday. 

Dabur Nepal Pvt. Ltd. is the highest taxpayer from export business in the FY 2021/22, Asian Paints Pvt. Ltd. is the highest taxpayer from special industries, and OCB Foods and Feeds Pvt Ltd from agriculture and livestock industry sector. 

Similarly, Chhimek Laghubitta Financial Institution Ltd., Global IME Bank Limited, Life Insurance Corporation (Nepal) Ltd., Nobel Medical College Teaching Hospital Pvt. Ltd., and Mankamana Darshan Pvt. Ltd. were honoured as the highest taxpayers from their respective sectors. 

Likewise, Bhatbhateni Supermarket and Departmental Stores Pvt. Ltd., Bhotekoshi Power Company Pvt. Ltd. and IME Limited were other honoured businesses as the highest taxpayers. From individual category, Bijay Kumar Shah topped the rank while Surya Nepal Pvt Ltd was the one that paid the highest total internal revenue and filed the highest value-added tax. 

Agrawal said that being a high taxpayer is not only a personal and institutional achievement but also an important contribution to the country. He said that the confederation was proud that about 70 per cent of the highest taxpayers from the private sector are CNI members. He also expressed his best wishes for their success in the coming year as well.