NCELL Seeks Support From International Arena

OSNEPALNEWS, Kathmandu, 30th April: Last February, the court ordered Ncell and Axiata to pay capital gains tax, ending a long-drawn debate over whether the buyer should pay the tax. TeliaSonera, a Swedish company which previously owned Ncell had exited the country without paying the capital gains tax after it sold the company to Axiata, the Malaysian telecom giant, in 2016.

Accusing Ncell of exploiting legal loopholes to delay and reduce its tax bill, some youth wings of political parties, student unions and loose civic groups have made a public appeal urging people ‘not to use Ncell sim cards’ until it pays the assessed tax. Axiata Group’s UK subsidiary and Nepal mobile unit filed a request for arbitration with the International Centre for the Settlement of Investment Disputes, regarding a capital gains tax bill levied by Nepali authorities.

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