Nepal Supreme Court maintains stay order in Ncell tax case, final hearing scheduled for 4 June

8 May 2019

Nepal’s Supreme Court has maintained a temporary stay order granted to mobile operator Ncell on 25 April that prevents the country’s Large Tax Payments Office (LTPO) and Ministry of Finance taking any action to secure payment of a capital gains tax bill of NPR39.06 billion (USD347.8 million). A final hearing on the case will take place on 4 June, reports The Himalayan Times. As previously reported by TeleGeography’s CommsUpdate, Ncell was ordered to pay the capital gains tax following Malaysian telecoms group Axiata’s acquisition of an 80% stake in the mobile operator from Sweden’s Telia Company in 2016. Axiata argues the LTPO failed to comply with the country’s Income Tax Act for making a tax assessment.

Nepal, Axiata, Ncell Axiata