Stories Tagged 'Capital gains tax'
Stock traders on Tuesday continued their protest and halted all transactions on the floor of the Nepal Stock Exchange (Nepse) in protest against the government’s decision to revise the capital gains tax threshold on the sale of bonus and rights shares.
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Stock traders on the floor of the Nepal Stock Exchange (Nepse) halted transactions for half an hour in protest against the government’s decision to revise the capital gains tax threshold on the sale of bonus and rights shares.
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The Commission for Investigation of Abuse of Authority has halted its probe into the decision of the Nepal Rastra Bank to let Ncell, a private telecom operator, to repatriate its dividend.
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The Public Accounts Committee of Legislature Parliament on Thursday directed the Ministry of Finance to immediately recover the due capital gains tax from private sector telecommunications service provider Ncell.
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Bowing to pressure and criticisms from a cross section of society, elecommunications service provider Ncell on Sunday deposited an additional Rs13.6 billion as part of the tax applicable on the profit generated through sale of the telecom company.
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TeliaSonera’s tax evasion took place despite the integrity pact for ethical business practices signed between Transparency International’s local chapter and Ncell.
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