Nepal provides 210,000 to the taxpayers’ listing in 3 months

tax taxpayers
Image by Steve Buissinne from Pixabay

Kathmandu, November 11

Nepal has added over 210,000 people or entities to its taxpayers’ listing within the first three months of the present fiscal yr, in accordance with the Ministry of Finance.

Whereas the entire variety of taxpayers in mid-July 2022, when the final fiscal yr ended, was 5 million and 265,442, the quantity elevated by 210,012 as much as mid-October.

The quantity consists of individuals and entities registered with everlasting account numbers (PANs), value-added tax (VAT) numbers and excise responsibility cost programs.

In specific, the variety of particular person PAN holders has elevated considerably as it’s obligatory for all formal cost programs.

Here is the element of classes of latest taxpayers.

Registration sort Added quantity (July 17-October 17, 2022)
Commercial PAN 46,001
Individual PAN 148,773
Withholder PAN 3,313
VAT 7,207
Excise duties 4,718
Total 210,012