Stories Tagged 'Teliasonera'
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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Prime Minister KP Sharma Oli said on Friday that the recently accomplished Ncell deal was subject to capital gains tax as per the law of the land.
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Succumbing to steady pressure from various stakeholders, Ncell, a privately owned telecom company, on Sunday filed the tax return and paid 15 out of 25 percent of capital gains tax (CGT) on the behalf of its previous owner TeliaSonera.
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After TeliaSonera’s statement that it is not liable to pay capital gains tax (CGT) for the transfer of its stake in Ncell to Malaysian telecom giant Axiata, tax authorities in Nepal have said they will wait till May 7 for the Swedish-Finnish company to submit tax returns.
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TeliaSonera has been moving to finalize the sale of its 60.4 percent stake in Nepali telecom giant Ncell to Malaysian-based Axiata, but the government hasn’t decided whether or not to charge capital gains tax on the country’s biggest ever acquisition deal.
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