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Surya Nepal, Siddhartha Shumsher highest taxpayers

By Our Reporter
The Government of Nepal has honoured the highest taxpayers under different categories on the occasion of the 7th National Tax Day recently.
The highest taxpayers were honoured also to promote the taxpaying culture. Finance Minister Dr Yuvraj Khatiwada honoured the top companies in 15 categories amidst a programme organized by the Inland Revenue Department.
Multinational company Surya Nepal was announced the highest taxpayer. Surya Nepal has been a top taxpayer twice in the past as well.
Similarly, Siddhartha Shumsher was the top taxpayer under the individual category. Shumsher is involved in hotel, trading and travel sectors. He has been honoured continuously for five years as the top taxpayer.
Others to follow the list are Dabur Nepal, Himal Power Ltd, Agriculture and Livestock Probiotic Industry, the Chhimek Cooperatives, Nabil Bank, Nepal Punarbeema (Re-Insurance) Company, Nobel Medical College, F1 Soft Information and Taragaon Regency Hotel.
Addressing the programme, Finance Minister Dr Khatiwada said non-payment of tax would be a hindrance to the nation as it moves ahead on a path to prosperity. He urged one and all to pay taxes as per their level of income, stressing on the need for raising awareness that even the lowest tax-payer is a respectable tax-payer.
The Finance Minister spoke on the need of going for voluntary payment of tax and urged the businesspersons to be sincere in paying tax.
He also said the government was working to manage taxation system. d.
Finance Secretary Rajan Khanal said the government was doing homework on tax reform and that some changes have been visible in the last few years.
Federation of Nepalese Chambers of Commerce and Industry (FNCCI) president Bhawani Rana, Confederation of Nepalese Industries (CNI) chair Hari Bhakta Sharma and president of Nepal Chambers of Commerce Rajesh Kaji Shrestha drew the government’s attention towards creating environment conducive for investment in the industrial sector by making industry-friendly taxation system.

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