Nepal Telecom Ranks Among Top Income Tax Contributors in Public Organizations
Nepal Telecom Company Limited has emerged as the leading contributor to the Government of Nepal’s accumulated fund, as per the recently released Annual Status Review 2080 Report of Public Institutions by the Ministry of Finance. The report reveals that Nepal Telecom made the highest income tax contribution among public organizations.
The Ministry of Finance released its Annual Status Review 2080 Report of Public Institutions, which highlights the financial contributions of various public organizations to the Government of Nepal’s funds. Nepal Telecom Company Limited stands out as the top contributor in terms of income tax.
The report indicates that Nepal Telecom’s income tax contribution for the financial year 2078/79 amounted to a substantial sum of 4 billion 684 million rupees. This amount accounted for a significant portion of the total income tax received by the government from public institutions, which reached 14 billion 38 million 18 million rupees during the same fiscal year.
Following Nepal Telecom, the Nepal Electricity Authority secured its position among the highest income tax filers. During the mentioned period, the authority paid an impressive amount of 1 billion 98 million 58 million rupees as income tax.
In Conclusion: The Annual Status Review 2080 Report of Public Institutions highlights Nepal Telecom’s significant contribution to the government’s accumulated funds through income tax payments. With a substantial sum of 4 billion 684 million rupees, Nepal Telecom leads the pack among public organizations in terms of income tax contributions. The report also acknowledges the Nepal Electricity Authority’s noteworthy tax payments amounting to 1 billion 98 million 58 million rupees.
Attribution: This news is written based on the news article written by Techpana.com news.
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CTA: Stay informed about the financial landscape of Nepal and the contributions made by public organizations by following the Ministry of Finance’s updates and reports.