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Ncell has fully cleared its tax liability

ncell-axiate-company-logoIn relation to decision of Nepal Rastra Bank to restrict Axiata from repatriating its dividend until issue of capital gains tax related to Ncell deal is settled, Malaysian telecom giant Axiata and owner of Ncell on Thursday issued a statement saying the Large Taxpayers’ Office of Nepal has already confirmed that Ncell has fully cleared CGT payment involved in deal.
“The company has not received any official communication or direction from central bank of Nepal or relevant Nepali authorities on this matter. We believe the government of Nepal will not discriminate and contradict the support of Bilateral Investment Treaty by blocking Axiata from repatriating its dividends rightfully,” Axiata’s statement reads.

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