CNI honours top taxpayers recognised by government

KATHMANDU: Confederation of Nepalese Industries (CNI) honoured high taxpayers recognised by the Government of Nepal on National Tax Day 2081. The government acknowledged 16 individuals and institutions, including two government-invested companies and 14 from the private and public sectors. CNI specifically honoured the 14 high taxpayers from the private and public sectors.

On this occasion, CNI honoured Dabur Nepal, the highest income taxpayer among commodity exporters for the fiscal year 2021/22; Shruti Traders, the highest income taxpayer among sole traders; CodAvatar, the highest income taxpayer among IT-related service exporters; Patanjali Ayurved, the highest income taxpayer among agriculture and livestock industries; and Nabil Bank, the highest income taxpayer among banks, financial institutions, and insurance transactions.

Similarly, Lumbini Medical College and Teaching Hospital, the highest income taxpayer among health and educational institutions; Taragaon Regency Hotels, the highest income taxpayer among tourism businesses; Bhat Bhateni Super Market (BBSM), the highest income taxpayer among commodity trading businesses; Bhote Koshi Power Company, the highest income taxpayer among energy-based industries; and City Express, the highest income taxpayer among remittance and money transfer businesses, were also honoured by CNI.

Additionally, CNI honoured Hongshi Shivam Cement, the highest VAT payer among taxpayers who submitted VAT returns and payments on time; Soaltee Enterprises, the highest income taxpayer according to the income statement for the fiscal year 2022/23 among taxpayers with an annual turnover of up to Rs 500 million; Varun Beverages Nepal, the highest income taxpayer among special industries; and Raj Bahadur Shah, Managing Director of Jawalakhel Group of Industries, who paid the highest income tax on personal income. Shah is also the Vice President of CNI.

CNI President Rajesh Kumar Agrawal honoured the top taxpayers at an awards ceremony held at the CNI Secretariat on December 6. Agrawal stated that being a top taxpayer is a personal and institutional achievement and a significant contribution to the state. He emphasised that CNI, as a representative organisation of manufacturing and service-oriented industries, honoured these high taxpayers.

CNI Senior Vice President Birendra Raj Pandey, Governing Council members Vijay Kumar Shah and Shashi Kant Agrawal, office bearer Chhaya Sharma, and Director General Ghanashyam Ojha were also present at the programme.

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