The Large Taxpayers’ Office (LTO) today felicitated Nepal Telecom (NT) as the highest taxpayer – in terms of income tax from telecommunications sector – a couple of days after the government felicitated 15 firms as highest taxpayers of the fiscal year 2018-19.
Inland Revenue Department (IRD) has – marking the National Tax Day on Sunday – recognised some 15 top tax contributors as usual. But telecom companies – both Nepal Telecom and Ncell – could not make it to the top taxpayers’ list, unlike earlier years. The government generally recognises firms and individuals on the basis of income tax they pay, which is why both telecom firms could not make it to the list of top taxpayers of IRD for last year, though Ncell had earlier bagged the title of highest taxpayer institution for two consecutive fiscal years 2012-13 and 2013-14.
The LTO felicitated Nepal Telecom today as the largest taxpayer – based on income tax – among firms under its jurisdiction, though the telecom could not make it to the list of IRD’s top taxpayers.
There are some 13 tax offices in the Kathmandu valley under the jurisdiction of LTO. The Nepal Telecom was the highest taxpayer from the service sector.
Among the two telecom service providers, Ncell is regarded as one of the largest contributors of tax to the government but it also could not make it to the list of both IRD and LTO this time. According to a report published by Ncell’s parent company Axiata, Ncell paid $257 million in taxes – some 4.2 per cent of total tax revenue of the Nepali government in 2018 – last year. The domestic sources have also confirmed that Ncell had paid almost Rs 32 billion in taxes to the government last year. But Ncell could not make it to the list of top taxpayers, as the company did not meet the criteria for the recognition.
According to the criteria, a taxpayer should have paid necessary taxes regularly and on time, does not have pending dues and has submitted all the details sought by the government.
Inland Revenue Department (IRD) has – marking the National Tax Day on Sunday – recognised some 15 top tax contributors as usual. But telecom companies – both Nepal Telecom and Ncell – could not make it to the top taxpayers’ list, unlike earlier years. The government generally recognises firms and individuals on the basis of income tax they pay, which is why both telecom firms could not make it to the list of top taxpayers of IRD for last year, though Ncell had earlier bagged the title of highest taxpayer institution for two consecutive fiscal years 2012-13 and 2013-14.
The LTO felicitated Nepal Telecom today as the largest taxpayer – based on income tax – among firms under its jurisdiction, though the telecom could not make it to the list of IRD’s top taxpayers.
There are some 13 tax offices in the Kathmandu valley under the jurisdiction of LTO. The Nepal Telecom was the highest taxpayer from the service sector.
Among the two telecom service providers, Ncell is regarded as one of the largest contributors of tax to the government but it also could not make it to the list of both IRD and LTO this time. According to a report published by Ncell’s parent company Axiata, Ncell paid $257 million in taxes – some 4.2 per cent of total tax revenue of the Nepali government in 2018 – last year. The domestic sources have also confirmed that Ncell had paid almost Rs 32 billion in taxes to the government last year. But Ncell could not make it to the list of top taxpayers, as the company did not meet the criteria for the recognition.
According to the criteria, a taxpayer should have paid necessary taxes regularly and on time, does not have pending dues and has submitted all the details sought by the government.
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