The Department of Revenue Investigation (DRI) has taken legal action against Cotiviti Nepal Pvt Ltd, accusing the company of significant tax evasion and seeking to recover a total of Rs 10.36 billion. DRI Director General, Nawa Raj Dhungana, highlights the unprecedented scale of the alleged misconduct by the company.
Cotiviti Nepal, the Nepali subsidiary of US-based Cotiviti Inc., is accused of evading both income tax and value-added tax. Investigations by the DRI uncovered tax evasion totaling Rs 5.18 billion, leading to an equal amount being imposed as a penalty. Cotiviti Nepal operates within the information technology sector and is a foreign direct investment company.
