Nepal has over 4 million taxpayers


July 14, 2022


Nepal has over 4 million taxpayers

Office of Auditor General. (File photo)

KATHMANDU: There are four million taxpayers in the country.

As per the 59th report released by the Office of the Auditor General on Wednesday, the number of taxpayers has reached 4.059 million till the fiscal year 2077/78 BS.

Number of taxpayers of three groups—income, value added tax and excise duty has increased, reads the report.

Of them, 1.577 million people have taken business permanent account number (PAN), 2.471 million have taken individual permanent account number and 9,998 have taken advance tax permanent account number.

Number of taxpayers taking PAN towards income tax has increased by 18.9 per cent in the fiscal year 2077/78 BS as compared to fiscal year 2076/77 BS, 4.87 percent towards VAT and 9.68 percent towards VAT license.

Similarly, the number of people taking PAN towards income tax has reached 4.059 million increasing by 645,717 this year.

Likewise, the number of taxpayers towards VAT has reached 268,436 while 103,423 people have acquired excise duty license.

As per the report, doctors, engineers, lawyers, auditors, artists, players, teachers have not acquired PAN and those who have taken PAN even have not placed income details.