Stories By 'PRITHVI MAN SHRESTHA'
A day before the expiry of the seven-day deadline to pay its capital gains tax, Ncell on Monday lodged a petition at the Supreme Court, saying the Large Taxpayers Office has wrongly determined their tax liability at Rs39.06 billion.
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Non-government organisations which were converted into microfinance institutions as per the policy of Nepal Rastra Bank need to deposit the reserve fund they earned in the capacity of NGO into the government’s treasury, the Office of the Auditor General has said.
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The tax authority has determined value added tax to be paid by Pathao, a ride-sharing service company, at around Rs3 million although “the company never charged VAT on those who received the company’s service”, officials told the Post on Sunday.
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Two days before the deadline set by Large Taxpayers Office for Ncell to clear its dues expires, the mobile company says it has still not taken a decision on the amount determined by the tax office.
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The decision by the Large Taxpayers Office on Tuesday giving Ncell and Axiata seven days to pay Rs39 billion in capital gains tax comes at a time when the government is struggling to meet its revenue target. But that is no coincidence, according to senior tax officials, who say the money would help cover up the deficit.
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More than 20,000 complaints have been registered at the Commission for Investigation of Abuse of Authority in the past nine months, with most complaints alleging irregularities at the local level.
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