Ever wondered which companies pay the highest tax every year? Here are the top 10 highest tax paying companies in Nepal.

 

Ncell (14.71 Billion)

Ncell is a privately owned mobile network operator in Nepal.It is also known as the most expensive mobile operator in Nepal. Ncell was the first private company to operate public GSM services in Nepal initially under Mero Mobile brand, re-branded to Ncell on 12 March 2010. It broke the monopoly  held by the then state-owned, now public telecommunication company Nepal Telecom. On 12 April 2016, Ncell has officially become a part of Axiata Group Behard, a Malaysian telecommunications group.

 

Nepal Telecom (9.96 Billion)

Nepal Doorsanchar Company Ltd, popularly known as Nepal Telecom is state owned telecommunication service provider in Neal with 91.49% of the government share. The company was a monopoly until 2003, when the first private sector operator United Telecom Limited(UTL) started providing basic telephony services. The central office of Nepal Telecom is located at Bhadrakali Plaza, Kathmandu. It has branches, exchanges and other offices in 184 locations within the country.

 

 

Surya Nepal (8.27 Billion)

“Surya Nepal Private Limited (SNPL) is an Indo-Nepal-UK joint venture, which started operations in Nepal in 1986. Surya Nepal Private Limited is one of the largest private sector enterprises in Nepal and a subsidiary of ITC Limited, India. The balance shares are held by Local Nepalese individuals & Corporate shareholders and British American Tobacco (Investment) Limited, UK.”

 

 

 

Gorkha Brewery (5.03 Billion)

“Gorkha Brewery was established in 1989 as a joint venture between the Khetan Group and the Carlsberg Group. In 2010, Carlsberg Group bought majority of the Gorkha Brewery shares and took over the management.”

 

Everest Bank (2.87 Billion)

Everest Bank Limited is the Commercial Bank of Nepal. Which is joint venture of Punjab National Bank, India. Punjab National Bank holds 20% equity shares of Bank.This is first Nepalease Bank which have Representative Office in India.

 

 

Nabil Bank (2.67 Billion)

Nabil Bank Limited is a commercial bank in Nepal. Founded in 1984, the bank has branches all across the nation with its head office in Kathmandu. Nabil, the first foreign joint venture bank of Nepal, started operations in July 7, 1984. Nabil was incorporated with the objective of extending international standard modern banking services to various sectors of the society. Nabil provides a range of commercial banking services through its 51 points of representation across the country and over 170 correspondent banks across the globe. It was earlier known as Nepal Arab Bank Ltd. It has its head office located at Nabil Center, Durbarmarg, which is also a premium location of the capital. It has the largest staff among private commercial banks of Nepal.

 

 

Nepal Investment Bank (2.46 Billion)

Nepal Investment Bank Limited is one of the leading commercial banks of Nepal.Previously known as Nepal Indosuez Bank Ltd., the bank was established in 1986 as a joint venture between Nepalese and  Credit Agricole Indosuez. The Nepalese investors bought all the shares of French company i.e. 50% in 2001. From then the Nepalese investors have raised this bank to one of the most trusted and popular bank in the country. Till date it has 66 branches, 4 Extension Counters (98 ATM outlets) scattered throughout the country giving modern banking services of international class from 9:30am to 7pm evening.

 

 

Nepal Oil Corporation (2.29 Billion)

Nepal Oil Corporation Limited (NOC) is a state owned trading enterprise of Nepal that imports, stores and distributes various petroleum products in the country. It was established on 1970 by the Government of Nepal under the “Company Act, 2021 (1964)”.

 

 

Argicultural Development Bank (1.78 Billion)

Agricultural Development Bank Limited (ADBL) is an autonomous organization largely owned by Government of Nepal. The bank has been working as a premier rural credit institution since the last three decades, contributing a more than 67 percent of institutional credit supply in the country. Hence, rural finance is the principal operational area of ADBL. Besides, it has also been executing Small Farmer Development Program (SFDP), the major poverty alleviation program launched in the country. Furthermore, the bank has also been involved in commercial banking operations since 1984A.D.

 

10

Himalayan Bank (1.71 Billion)

Himalayan Bank Limited (HBL) is one of the largest private banks of Nepal. The Bank was incorporated in 1992 by a few eminent individuals of  Nepal in partnership with the Employees Provident Fund and Habib Bank Limited of Pakistan. The bank commenced its operations in January 1993. Himalayan Bank is also the first commercial bank of Nepal with most of its shares held by the private sector of Nepal. Besides commercial banking services, the bank also offers industrial and merchant banking service.

 

So, there are the top tax paying companies from Nepal. Please let me know what you guys think about these companies and taxes.

Source Credit: Facts Nepal