KATHMANDU, April 9: Only six days remain for the government to collect capital gains tax (CGT) from the Ncell share purchase deal, according to a commitment made by the finance secretary and other officials under his ministry on January 15.
KATHMANDU, March 17: The Public Accounts Committee (PAC) of the parliament on Tuesday decided to summon Prime Minister Pushpa Kamal Dahal for questioning in connection to the cabinet's decision to recover capital gains tax (CGT) from TeliaSonera.
A Brazilian tax appeals court ruled on Wednesday that Barcelona forward Neymar could cede his image rights to family businesses and dismissed charges by federal auditors that they were front companies set up to dodge taxes.
KATHMANDU, Mar 16: Despite clear direction of the Parliamentary Accounts Committee (PAC) to investigate and penalize responsible authorities for not recovering capital gains tax (CGT) from the seller of GSM operator Ncell, concerned authorities, after 10 months of the shares transfer, are arguing on who should pay the CGT.
KATHMANDU, March 13: Former Prime Minister and Coordinator of Naya Shakti Party Nepal, Baburam Bhattarai, has said that the offshore deal to transfer 80 percent of the shares in Ncell was an attempt to evade taxes.
KATHMANDU, Jan 25: Parliament’s Public Accounts Committee (PAC) on Tuesday directed the government to restrict Ncell from introducing its 4G wireless internet service without first clearing the capital gains tax (CGT) on a share transaction worth Rs 143 billion.
"My tax return was on my yacht ... which caught fire" - just one of the dozens of unusual excuses the British government's tax collector said it receives each year from customers who fail to complete their returns on time.
KATHMANDU, July 23: The government has to refund the taxes collected since the last one week -- or the beginning of the current fiscal year on July 16 -- as Finance Bills presented by the incumbent government were rejected by Parliament on Friday.