Stories Tagged 'Ncell'
Ncell Private Limited has introduced the Travellers’ SIM campaign, targeting foreigners visiting Nepal from different parts of the world for vacation or for business.
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The legal battle between the tax authorities and Ncell and its parent firm, Axiata, over capital gains tax is set to prolong as the Supreme Court continued its interim order to the government to not collect the dues from the mobile company.
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Although Ncell and its parent company, Axiata, have sought international arbitration over the capital gains tax determined by the Nepal government citing Bilateral Investment Treaty between Nepal and the United Kingdom, legal experts doubt success of the mobile company’s move, saying that the treaty does not allow international arbitration on the issue of taxation.
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Ncell and its parent company, Axiata, have knocked the door of International Centre for Settlement of Investment Dispute, a body under the World Bank, claiming that Nepal’s conduct in relation to capital gains tax imposed on the mobile company is against the Bilateral Investment Treaty between Nepal and the United Kingdom
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When the Supreme Court on April 9 issued the full text of its February verdict on Ncell capital gains tax issue, it was largely believed that the matter was finally put to rest and that the long-drawn-out debate as to who should clear the tax liability—buyer or seller—had come to an end.
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