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

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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
Commercial PAN	1,580,380	1,777,780
Individual PAN	2,475,753	3,058,188
Withholder PAN	9,998	18,094
VAT	290,714	295,546
Excise duties	104,182	115,834
Total	4,461,027	5,265,442

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

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