Ncell biggest income-tax payer in FY 2012/13, paying Rs 4b

Ncell biggest income-tax payer in FY 2012/13, paying Rs 4b

Nov. 23, 2014, 5:45 p.m. Published in Magazine Issue: Vol: 08 No. -11 November. 21- 2014 (Mansir 5, 2071)

Ncell has become the biggest taxpayer company in the country, surpassing state-run Nepal Telecom in revenue collection figures for Fiscal Year 2012/13.

The Inland Revenue Department (IRD) felicitated Ncell on Monday for paying the largest amount of tax to the government. Ncell posted Rs 4 billion in income tax to the government, relegating the previous largest tax payer state-run telecommunications giant Nepal Telecom, to second position.

Director General of IRD, Chudamani Sharma, informed that Ncell has posted Rs 4 billion in tax payment, way above NTC, in Fiscal Year 2012/13. However, NTC has stood as the largest taxpayer in the Value Added Tax (VAT) category.

Tax officials said the tax amounts paid by taxpayers have not been disclosed as it involves their right to privacy.

More on Economy

The Latest

Latest Magazine

VOL 12 No.04, September 07, 2018 (Bhadra 22, 2075) Online Register Number: DOI 584/074-75

VOL 12 No.03, August 17, 2018 (Bhadra 01, 2075) Online Register Number: DOI 584/074-75

VOL 12 No.02, August 03, 2018 (Shrawan 18, 2075) Online Register Number: DOI 584/074-75

VOL 12 No.01, July 20, 2018 (Shrawan 04, 2075) Online Register Number: DOI 584/074-75