IME Limited Recognized as Top Income Tax Contributor in Remittance Sector

In a commendable acknowledgment of its financial responsibility, IME Limited has been recognized as the leading income tax contributor among all remittance companies. The prestigious accolade was bestowed upon Hem Raj Dhakal, the founder and director of IME Limited, by Finance Minister Dr. Prakasharan Mahat during a special ceremony organized by the Internal Revenue Department in Kathmandu on National Tax Day 2080.

For the fiscal year 2078-79, IME Limited stood out as the highest income tax contributor within the remittance sector among companies in 16 different categories. Established in 2001, IME has played a pivotal role in institutionalizing the remittance sector in Nepal. The company’s significant contribution to the formal economy, particularly in bringing foreign currency into Nepal through the banking network, earned it recognition on National Tax Day.

IME Limited has consistently been at the forefront of the remittance industry, and its efforts have been instrumental in the development of the formal economy. The company has received numerous national and international awards in recognition of its valuable contributions.

As IME Limited gears up to issue ordinary shares, it continues to be a beacon of financial responsibility, having received accolades multiple times for being the highest income tax contributor.

About IME Limited

Since its establishment in 2001, IME has been dedicated to making remittance services accessible to every Nepali. In its 22nd year of service, IME has significantly increased the amount earned by Nepalese working abroad through its 25 centers in 77 districts, including 250 IME centers and branches of banks and financial institutions. The company ensures the fast, efficient, reliable, and secure distribution of funds to relatives in different geographical locations.

Recognizing the shift towards digitization in the remittance sector, IME has successfully operated digital remittance services through ‘IME Pay,’ a mobile wallet promoted by IME Digital Solutions Limited. With a license for digital business obtained from the Nepal Rastra Bank, IME has pioneered digital payment services in Nepal for the past five years.

Through the IME Pay app, customers can easily receive money sent by IME from any country worldwide, contributing to Nepal’s financial inclusion and the digital Nepal campaign. IME Pay aims to provide access to financial services to Nepali individuals deprived of banking facilities and those with limited banking access, aligning with the broader goals of financial inclusion.