Ncell pays whole of capital gains tax, ending four-year-long controversy

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Kathmandu, April 12

A number one telecommunications firm of the nation, Ncell, has paid all of the quantities it was but to pay to the federal government for the capital positive factors tax, on Sunday.

With this, the four-year-long controversy that had begun in April 2016 with a buyout deal between Teliasonera, a Swedish-Norwegian firm, and Axiata (UK).

After a dispute between the corporate and the federal government, the Supreme Court had informed the corporate to pay Rs 23 billion and 435.6 million within the CGT.

Today, the corporate paid the Large Taxpayers Office below the Inland Revenue Depart Rs 14 billion and 335.6 million in its final instalment at this time, in accordance with the workplace.

The firm had already paid Rs 9.1 billion previously.

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