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Nepal adds over 800,000 to its taxpayers’ list in one year; the number hits 5.265 million

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Image by Steve Buissinne from Pixabay

Kathmandu, August 14

Nepal has added over 800,000 individuals or entities to its taxpayers’ list in one year, according to the Ministry of Finance.

Whereas the total number of taxpayers in mid-July 2021 was four million and 461,027, the number has reached five million and 265,442 in mid-July 2022, the ministry says.

The number includes people and entities registered with permanent account numbers (PANs), value-added tax (VAT) numbers and excise duty payment systems.

Here is the comparison between the two years.

Registration typeMid-July 2021Mid-July 2022
Commercial PAN1,580,3801,777,780
Individual PAN2,475,7533,058,188
Withholder PAN9,99818,094
VAT290,714295,546
Excise duties104,182115,834
Total4,461,0275,265,442

In particular, the number of individual PAN holders has increased significantly as it is compulsory for all formal payment systems.

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