Ncell tax dispute settled

9 Mar 2017

The government of Nepal has decided that local mobile operator Ncell is not liable to pay capital gains tax following a recent change of ownership, clearing the way for the cellco to gain a permit to provide 4G LTE services. Authorities had delayed handing over Ncell’s 4G licence until the tax issue was settled, with rival operator Nepal Telecom (NT) having already launched LTE-based services at the start of this year. Last year Sweden-based Telia Company sold its 80% stake in Ncell to Axiata of Malaysia. According to The Kathmandu Post, the government now says that capital gains tax on the transaction should be paid by the seller rather than Ncell.

Nepal, Axiata, Ncell Axiata, Telia Company