Ncell contributes Rs 129 billion to govt treasury

Kathmandu, May 10

Ncell Pvt Ltd (Ncell) announced today that the company has contributed approximately Rs 129 billion to the national treasury, in the form of fees, royalty and taxes to date.

“As of May 4, Ncell has contributed Rs 128.63 billion to the government in form of tax, royalty and fees. I am encouraged  that Ncell has made significant contributions to state treasury, which serves as an important source of public funding in areas where it matters the most — such as building roads, schools and medical infrastructure that are core to the wellbeing and welfare of the people of Nepal,” the media release quoted Simon Perkins, managing director of Ncell, as saying.

Ncell is the highest taxpayer in the country.

“In 2014-15, Ncell paid more than Rs 28.6 billion to the government as tax, royalty and fees,” the release further read, with Perkins quoted as further saying, “We wish to continue with this trend and maintain our lead as the largest taxpayer for the longer-term.”