Jawalakhel Group of Industries’ Chairman Vijay Kumar Shah.
Jawalakhel Group of Industries’ Chairman Vijay Kumar Shah receives govt accolades for paying the highest income tax among individual taxpayers in FY 2018/19
KATHMANDU, Nov 22: Surya Nepal Pvt Ltd has become the biggest income tax payer of the country for fiscal year 2018/19. Finance Minister Bishnu Prasad Paudel on Sunday felicitated the Indo-Nepal-UK joint venture along with 14 other taxpayers for paying highest income taxes to the country amid a ceremony to mark the 9th National Tax Day.
On the occasion, Vijay Kumar Shah, chairman of Jawalakhel Group of Industries, was felicitated for being the largest individual tax payer for fiscal year 2018/19.
Jawalakhel Group of Industries is a business conglomerate managing multiple companies that manufacture and distribute alcoholic beverages.
Among exporters, Dabur Nepal Pvt Ltd was honored for being the largest taxpayer. Himal Power Ltd was felicitated for being the largest taxpayer among special industries. In terms of banks and financial institutions, Nabil Bank Ltd paid the highest income tax in 2018/19 and received the government accolade.
Annapurna Agro Industries Pvt Ltd (taxpayer paying highest tax among agro and livestock industries), Chhimek Laghubitta Bittaya Sanstha Ltd (taxpayer paying highest tax among cooperatives and microfinance companies), Nepal Reinsurance Company Ltd (among insurance companies), Manipal Education and Medical Group (among education service) and IME Ltd (among remittance companies) were also felicitated by the Inland Revenue Department.
Agni Incorporated Pvt Ltd (taxpayer paying highest tax among trading businesses) and Taragaon Regency Hotel Limited (among tourism businesses) also received the government felicitation. Kamana Bikas Bank Ltd was honored by Finance Minister Paudel for paying the highest income tax in fiscal year 2018/19 from among the taxpayers that are under the Medium Level Taxpayers Office while VFS received the government felicitation for paying the highest tax from taxpayers across the inland revenue offices in the country.
Ghorahi Cement Industries Pvt Ltd was felicitated for paying the highest Value Added Tax in the same fiscal year.