Top 10 Highest Tax Paying Company In Nepal In 2077/78

Last updated on 2022-09-25
Top 10 Highest Tax Paying Company In Nepal In 2077/78

In Nepal, there are primarily four sorts of taxes. Income Tax, Value Added Tax, Excise Duty, and the Customs Act are all examples of taxes. Value-added tax is the most often utilized tax. In Nepal, it is more extensively utilized than income tax. Here are the lists of the top 10 highest ta paying companies in Nepal.

*The data is collected from the Ministry of Finance.

10. Agricultural Development Bank

Agricultural Development Bank
Image Source: Nepseguide

With the main objective of providing institutional credit for enhancing the production and productivity of the agricultural sector in the country, the Agricultural Development Bank, Nepal was established in 1968 under the ADBN Act 1967, as successor to the cooperative Bank. Agriculture Development Bank paid tax in the amount of 2.39 billion Nepalese rupees in the fiscal year 2077/78.

  • Tax Paid (in Billion) : Rs. 2.39

9. Prime Commercial Bank

Prime Commercial Bank
Image Source: Makalu Khabar

Prime Commercial Bank Ltd. was established in September 2007 as Nepal's 21st commercial bank. The bank has established itself as a rising participant in the financial industry, with an emphasis on providing exceptional customer service and establishing strong relationships with valued clients. Independent raters and publications in Nepal rank it among the top ten commercial banks in the nation. Prime Commercial Bank paid tax in the amount of 2.43 billion Nepalese rupees in the fiscal year 2077/78.

  • Tax Paid (in Billion) : Rs. 2.43

8. Nepal Electricity Authority (NEA)

Nepal Electricity Authority (NEA)
Image Source: Google Play

The Nepal Electricity Authority (NEA) was established on August 16, 1985 (Bhadra 1, 2042) by the Nepal Electricity Authority Act, 1984, through the amalgamation of the Ministry of Water Resources' Department of Electricity, Nepal Electricity Corporation, and associated Development Boards.To address the fundamental weakness associated with these fragmented electricity organizations, which resulted in overlapping and duplication of labor, the merging of this individual organization became required in order to promote efficiency and reliability of service. Nepal Electricity Authority paid tax in the amount of 2.9 billion Nepalese rupees in the fiscal year 2077/78.

  • Tax Paid (in Billion) : Rs. 2.9

7. Global IME Bank

Global IME Bank
Image Source: Nepal Press

Global Bank Limited (GBL) was founded in 2007 as an 'A-class commercial bank in Nepal, offering full-service commercial banking. The bank was founded with the greatest capital base at the time, NPR 1.0 billion in paid-up capital. The bank's paid-up capital has now been boosted to NPR 23.79 billion. The bank's shares are openly listed on the Nepal Stock Exchange as an 'A' category business. Global IME Bank paid tax in the amount of 3 billion Nepalese rupees in the fiscal year 2077/78.

  • Tax Paid (in Billion) : Rs. 3

6. NIC Asia Bank

NIC Asia Bank
Image Source: NIC Asia Bank

NIC ASIA Bank traces its roots back to NIC Bank, which was established on July 21, 1998. On June 30, 2013, the bank was renamed NIC ASIA Bank following the merger of NIC Bank and Bank of Asia Nepal. The bank operates 358 branches, 70 extension counters, 81 branchless banking locations, and 473 ATMs throughout Nepal, with a network that includes all important financial cities. In the year 2077/78, NIC Asia Bank paid tax of amount of 3.61 billion Nepalese Rupees.

  • Tax Paid (in Billion) : Rs. 3.61

5. Nabil Bank

Nabil Bank
Image Source: Tips Nepal

Nabil Bank maintains a nationwide network of 135 branch offices, 183 ATMs, several POS terminals, and remittance agents. In addition, the bank has around 170 worldwide correspondent banking partnerships. The Bank's investment banking business is run through its subsidiary Nabil Investment Banking Ltd. In the year 2077/78, Nabil Bank paid tax of amount of 3.97 billion Nepalese Rupees.

  • Tax Paid (in Billion) : Rs. 3.97

4. Gorkha Brewery

Gorkha Brewery
Image Source: Untappd

Gorkha Brewery was founded in 1989 as a collaboration between the Khetan Group and the Carlsberg Group. Carlsberg Group purchased the majority of Gorkha Brewery shares in 2010 and took over management. Gorkha is the market leader in Nepal, accounting for more than 70% of the market, and its product selection now comprises mainstream, premium, local premium, and strong beers. In the year 2077/78, Gorkha Brewery paid tax of amount of 4.24 billion Nepalese Rupees.

  • Tax Paid (in Billion) : Rs. 4.24

3. Ncell Axiata

Ncell Axiata
Image Source: ICT Frame

Ncell Axiata Limited is Nepal's first private mobile service provider. The organization is dedicated to providing the best-in-class mobile network experience by connecting some of Nepal's most remote places with digital communication options. The company operates the country's largest 4G network, meeting the country's need for high-speed mobile broadband and opening up new options for Nepalese citizens. Ncell Axiata paid tax in the amount of 8 billion Nepalese Rupees in the fiscal year 2077/78.

  • Tax Paid (in Billion) : Rs. 8

2. Nepal Telecom (NTC)

Nepal Telecom (NTC)
Image Source: Nepal Telecom | Facebook

The beginning of telecommunication service in Nepal may be dated back to B.S. 1973. However, formal telecom service was first offered with the creation of MOHAN AKASHWANI in B.S. 2005. It has branches, exchanges and other offices in 184 locations within the country. In the year 2077/78, Nepal telecom paid tax of amount 9 billion Nepalese Rupees.

  • Tax Paid (in Billion) : Rs. 9

1. Surya Nepal

Surya Nepal
Image Source: CEO

Surya Nepal Pvt. Ltd. has been in the cigarette manufacturing business for over 25 years and has developed successful brands such as Surya Legend, Surya 24 Carat, Surya Luxury Kings, Shikhar Filter Kings, Khukuri Filter, Pilot Filter, Bijuli, and Chautari to cater to a wide range of consumer tastes and preferences. Surya Nepal is also famous for matchsticks like Tir, Mangaldeep Dhup and Toffichoo Chocolate. In the year 2077/78, Surya Nepal paid tax of amount 9.34 billion Nepalese Rupees.

  • Tax Paid (in Billion) : Rs. 9.34

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10. Agricultural Development Bank

Agricultural Development Bank
Image Source: Nepseguide

With the main objective of providing institutional credit for enhancing the production and productivity of the agricultural sector in the country, the Agricultural Development Bank, Nepal was established in 1968 under the ADBN Act 1967, as successor to the cooperative Bank. Agriculture Development Bank paid tax in the amount of 2.39 billion Nepalese rupees in the fiscal year 2077/78.

  • Tax Paid (in Billion) : Rs. 2.39

9. Prime Commercial Bank

Prime Commercial Bank
Image Source: Makalu Khabar

Prime Commercial Bank Ltd. was established in September 2007 as Nepal's 21st commercial bank. The bank has established itself as a rising participant in the financial industry, with an emphasis on providing exceptional customer service and establishing strong relationships with valued clients. Independent raters and publications in Nepal rank it among the top ten commercial banks in the nation. Prime Commercial Bank paid tax in the amount of 2.43 billion Nepalese rupees in the fiscal year 2077/78.

  • Tax Paid (in Billion) : Rs. 2.43

8. Nepal Electricity Authority (NEA)

Nepal Electricity Authority (NEA)
Image Source: Google Play

The Nepal Electricity Authority (NEA) was established on August 16, 1985 (Bhadra 1, 2042) by the Nepal Electricity Authority Act, 1984, through the amalgamation of the Ministry of Water Resources' Department of Electricity, Nepal Electricity Corporation, and associated Development Boards.To address the fundamental weakness associated with these fragmented electricity organizations, which resulted in overlapping and duplication of labor, the merging of this individual organization became required in order to promote efficiency and reliability of service. Nepal Electricity Authority paid tax in the amount of 2.9 billion Nepalese rupees in the fiscal year 2077/78.

  • Tax Paid (in Billion) : Rs. 2.9

7. Global IME Bank

Global IME Bank
Image Source: Nepal Press

Global Bank Limited (GBL) was founded in 2007 as an 'A-class commercial bank in Nepal, offering full-service commercial banking. The bank was founded with the greatest capital base at the time, NPR 1.0 billion in paid-up capital. The bank's paid-up capital has now been boosted to NPR 23.79 billion. The bank's shares are openly listed on the Nepal Stock Exchange as an 'A' category business. Global IME Bank paid tax in the amount of 3 billion Nepalese rupees in the fiscal year 2077/78.

  • Tax Paid (in Billion) : Rs. 3

6. NIC Asia Bank

NIC Asia Bank
Image Source: NIC Asia Bank

NIC ASIA Bank traces its roots back to NIC Bank, which was established on July 21, 1998. On June 30, 2013, the bank was renamed NIC ASIA Bank following the merger of NIC Bank and Bank of Asia Nepal. The bank operates 358 branches, 70 extension counters, 81 branchless banking locations, and 473 ATMs throughout Nepal, with a network that includes all important financial cities. In the year 2077/78, NIC Asia Bank paid tax of amount of 3.61 billion Nepalese Rupees.

  • Tax Paid (in Billion) : Rs. 3.61

5. Nabil Bank

Nabil Bank
Image Source: Tips Nepal

Nabil Bank maintains a nationwide network of 135 branch offices, 183 ATMs, several POS terminals, and remittance agents. In addition, the bank has around 170 worldwide correspondent banking partnerships. The Bank's investment banking business is run through its subsidiary Nabil Investment Banking Ltd. In the year 2077/78, Nabil Bank paid tax of amount of 3.97 billion Nepalese Rupees.

  • Tax Paid (in Billion) : Rs. 3.97

4. Gorkha Brewery

Gorkha Brewery
Image Source: Untappd

Gorkha Brewery was founded in 1989 as a collaboration between the Khetan Group and the Carlsberg Group. Carlsberg Group purchased the majority of Gorkha Brewery shares in 2010 and took over management. Gorkha is the market leader in Nepal, accounting for more than 70% of the market, and its product selection now comprises mainstream, premium, local premium, and strong beers. In the year 2077/78, Gorkha Brewery paid tax of amount of 4.24 billion Nepalese Rupees.

  • Tax Paid (in Billion) : Rs. 4.24

3. Ncell Axiata

Ncell Axiata
Image Source: ICT Frame

Ncell Axiata Limited is Nepal's first private mobile service provider. The organization is dedicated to providing the best-in-class mobile network experience by connecting some of Nepal's most remote places with digital communication options. The company operates the country's largest 4G network, meeting the country's need for high-speed mobile broadband and opening up new options for Nepalese citizens. Ncell Axiata paid tax in the amount of 8 billion Nepalese Rupees in the fiscal year 2077/78.

  • Tax Paid (in Billion) : Rs. 8

2. Nepal Telecom (NTC)

Nepal Telecom (NTC)
Image Source: Nepal Telecom | Facebook

The beginning of telecommunication service in Nepal may be dated back to B.S. 1973. However, formal telecom service was first offered with the creation of MOHAN AKASHWANI in B.S. 2005. It has branches, exchanges and other offices in 184 locations within the country. In the year 2077/78, Nepal telecom paid tax of amount 9 billion Nepalese Rupees.

  • Tax Paid (in Billion) : Rs. 9

1. Surya Nepal

Surya Nepal
Image Source: CEO

Surya Nepal Pvt. Ltd. has been in the cigarette manufacturing business for over 25 years and has developed successful brands such as Surya Legend, Surya 24 Carat, Surya Luxury Kings, Shikhar Filter Kings, Khukuri Filter, Pilot Filter, Bijuli, and Chautari to cater to a wide range of consumer tastes and preferences. Surya Nepal is also famous for matchsticks like Tir, Mangaldeep Dhup and Toffichoo Chocolate. In the year 2077/78, Surya Nepal paid tax of amount 9.34 billion Nepalese Rupees.

  • Tax Paid (in Billion) : Rs. 9.34