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 type||Mid-July 2021||Mid-July 2022|
In particular, the number of individual PAN holders has increased significantly as it is compulsory for all formal payment systems.