Stories Tagged 'Ncell'
The Supreme Court on Sunday cleared the way for telecom company Ncell to repatriate its dividend from Nepal.
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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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The parliamentary Public Accounts Committee (PAC) reacted instantaneously to the launch of 4G service by Ncell in the Kathmandu Valley on Thursday by saying it had ‘serious reservations’.
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The Nepal Telecommunications Authority (NTA), the telecom sector regulator, has said it would abide by the fresh directive issued by the parliamentary Public Accounts Committee (PAC) and bar Ncell from launching the 4G service.
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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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