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Cotiviti Nepal Faces Massive Fine for Alleged Tax Evasion

April 1, 2024
Cotiviti Nepal

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.

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