Nonlife Insurance Company had Paid 2 Billion Tax to Government

Kathmandu, Nonlife insurance company have paid 2 billion tax to the government from the 14 nonlife insurance company last financial year according trimonthly report. Insurance Company 2 hundred million 32 hundred lakh 62 hundred thousand amount of income tax have paid to government.

Company income tax criteria compare to 35 percent have been growth.

Company previous financial year same period 1 hundred million 61 crore 28 hundred thousand amount income tax paid to government from the company last year published report.

Review period nonlife insurance mead of periodical review. NECO insurances Company almost more income tax succeed to provide  government. Before these period company 26 hundred thousand 56 lakh amount income tax paid to government.

Based of income tax amount government owned national insurance company, second Nepal Insurance, third National insurance company, 22 hundred thousand 48 lakhs. Nepal insurances 19 crore 69 lakhs tax has given to government.

Sagarmatha and Lumbini insurance after the merge Sagarmatha insurance 19 crore 67 lakhs, Himalayan Everest life 17 crore 24 lakh, The Oriental Insurance 17 crore 14 lakhs, Siddharth premier insurance 16 crore 4 lakhs, Shikhar insurance 15 crore 99 lakhs,  NLG Insurance 14 crore, 37 lakhs income tax to paid to government. Company public financial statement have been reported.

Last financial report till to July 15 Sanima GIC 12 crore, IGC prudential 11 crore 18 lakhs, Prabhu insurances 10 crore 35 lakhs, National Insurance 8 crore 47 lakhs and United Ajod insurnace 7 crore 37 lakhs income paid to government.

In base of growth

The review of trimonthly period of nonlife insurance report, All of between the company Himalayan Everest Income tax 194 Percent have been growth. From the company previously year fiscal year 5 crore 86 lakhs of income tax paid to government last fiscal increasing the growth of 17 crore 24 lakhs have been reached.

As a Sanima GIC Insurance 87 percent, NLG Insurance 65 Percent, Prabhu Insurances 59 Percent, under the owner of National Insurance Company 50 Percent, IGI Prudential Insurance 48 Percent growth have been reached.

Review period United Ajod Insurance Income criteria have reduced. Company have to paid due income tax 2. 57 percent have been reduce. Company last fiscal year 7 crore 57 lakhs reduce last fiscal year 7 crore 37 lakhs have reached.

Saying the Income tax subsidize from law personal or beside the regarding sector employment, investment, professional or capital profit have profits according to law and order income tax paid.