CG contributes two percent to the total revenue

Chaudhary Group (CG) has paid Rs 18.5bn in taxes, accounting for approximately 1.96 percent of the government’s total revenue. The company estimates this to be the highest contribution among private business entities in Nepal.

Despite challenges such as a sluggish economy, an unfavorable business environment, and weak performance in the production and construction sectors, CG reported a 15 percent increase in its tax contribution compared to the previous fiscal year. The group paid Rs 16.14bn in taxes in the fiscal year 2022/23, with the latest figure exceeding it by Rs 2.38bn.

CG Chairperson Binod Chaudhary expressed pride in the group’s role in strengthening the national economy. “We are proud to contribute to the expansion of the national economy and the country’s development projects,” he said. “Despite the adverse economic conditions, we remain committed to supporting the government in fulfilling its development responsibilities and ensuring social security for the people.”

Over the past five years, CG has paid Rs 76.54bn in taxes. Contributions in recent fiscal years include Rs 9.87bn in 2019/20, Rs 14.28bn in 2020/21, Rs 17.72bn in 2021/22, Rs 16.14bn in 2022/23, and Rs 18.52bn in 2023/24.

Managing Director Nirvana Chaudhary emphasized the group’s steady contribution to Nepal’s economy through established and emerging businesses. “We aim to maintain this growth trajectory and continue investing in infrastructure and technology-driven enterprises, which will further contribute to the nation’s economic development,” he said.

Although Nepal lacks a formal system to measure or recognize business groups’ contributions to government revenue, CG has annually disclosed its tax contributions to promote transparency. Spokesperson Madhusudan Paudel clarified that individual taxpayers’ contributions are not included in the group’s reported tax figures, addressing occasional public misconceptions.

Paudel also stated that CG’s annual tax contribution disclosure is an effort to enhance public awareness and encourage the government to establish a standardized system for calculating and publishing tax contributions by businesses.