Kathmandu, December 8
Following a recent Supreme Court verdict, the government has fixed a new capital gains tax amount for the private telecommunication company Ncell for the company’s 2016 buyout deal.
According to the new decision, the company now has to pay Rs 22 billion and 445 million. The Large Taxpayer Office has already served a 15-day notice to the company.
Earlier, in April-May, the office had fixed Rs 60 billion and Rs 712 million as the total CGT amount and said the company was yet to pay Rs 39 billion and 606 million. Unconvinced with the decision, the company had filed a case against the decision at the apex court.
As per the court verdict, the company was needed to pay Rs 21 billion and 104 million. The office says it has also sought Rs 22 billion and 445 million including the applicable interest. The court had said the government could collect an interest also.
