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HINDUSTAN ZINC PAID 73 PER CENT OF REVENUE AS TAX LAST FISCAL YEAR
The Business Guardian
|July 19, 2023
Over the past 5 years, Hindustan Zinc has contributed over $10bn to the exchequer, including royalties, taxes on income, and indirect taxes
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Hindustan Vedanta Zinc, a Group H subsidiary in the zinc-lead-silver business, donated almost 73% of revenues to the government coffers during FY 2022-23.
The business has a long history of having open and honest tax policies and is dedicated to being a responsible taxpayer. The company has taken proactive steps to demonstrate its commitment to transparency and ethical tax procedures by publishing the Tax Transparency Report, which encourages voluntary tax declarations. This report provides information on the various types and quantities of taxes that Hindustan Zinc has paid, as well as the guiding concepts and tactics for its tax governance.
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