KATHMANDU, Dec 18: The Lalitpur Metropolitan City (LMC) on Tuesday honored Ncell on being recognized as the highest taxpayer under the institutional taxpayer category in the last fiscal year.
Prime Minister KP Sharma Oli and Mayor of LMC, Chiribabu Maharjan, jointly presented a certificate of honour to Ncell’s Chief Executive Officer and Managing Director, Jabbor Kayumov, at a special ceremony organized to mark the 106th anniversary of LMC’s establishment.
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LMC states that Ncell was honoured for its substantial tax contributions, which have supported the development and prosperity of LMC. Ncell has long been recognised as one of the leading companies in terms of tax payments to the government.
"We are grateful to Lalitpur Metropolitan City for recognising our contributions and honouring us. As one of the major taxpayers, we make substantial tax contributions to the government every year under various tax and fee categories. We are proud to have played a crucial role in the country’s economic growth and development, contributing directly and indirectly," said Jabbor Kayumov, Chief Executive Officer and Managing Director of Ncell.
Ncell also bagged similar recognitions in the past on several occasions as one of the largest contributors in the government tax revenue, among other accolades.
Since its establishment till the FY 2023/24, Ncell paid more than Rs 300 billion in taxes and fees to the government. In the last fiscal year alone, Ncell paid Rs 20.30 billion in taxes and fees. Additionally, under its Corporate Social Responsibility (CSR) initiatives, Ncell has contributed over Rs 2 billion, reaching communities’ level in all seven provinces and benefiting more than 13 million people across the country directly and indirectly, reads a company issued press statement.
