KATHMANDU, Jan 19: The government collected mere Rs 1.23 billion in capital gains tax (CGT) out of the stock transactions in the first half of the current fiscal year, which was almost one-seventh of the amount generated under the heading during the same period in the last fiscal year.
KATHMANDU, Nov 16: The government collected capital gains tax on the share transaction worth Rs 715.85 million as of four months of the current fiscal year, which was just around 10 percent of the amount collected during the same period last year.
KATHMANDU, July 20: The CDS and Clearing Limited (CDSC), a subsidiary of Nepal Stock Exchange, has revised its stocks trading app EDIS (electronic deposit instruction slip) to facilitate investors to trade in the line of the new capital gains tax rule enforced by the government.
KATHMANDU, Dec 13: The Department of Revenue Investigation (DRI) has started investigation against Bottlers Nepal Limited, a multinational company that produces and sells Coca Cola in Nepal, on the suspicion of evading tax.
KATHMANDU, Feb 3: The parliamentary Public Accounts Committee (PAC) on Sunday directed the government to recover long-standing capital gains tax (CGT) from Ncell before authorizing the private company to use additional frequency.
KATHMANDU, Nov 22: Making public the full text of its judgment, the Supreme Court on Thursday said Ncell, the private sector telecom service provider, has a remaining capital gains tax (CGT) liability of only Rs 21.10 billion.
KATHMANDU, Aug 27: The Supreme Court on Monday invalidated the assessment of the Capital Gains Tax (CGT) to be paid by telecommunication company Ncell Pvt Ltd. The Large Taxpayers Office (LTO) had determined on April 16 that the company had to pay Rs 39 billion as CGT including accrued interest and fines.
KATHMANDU, Feb 9: Shares of Axiata Group fell sharply on Friday following a report that the Supreme Court of Nepal has asked the company to pay $530.5 million in capital gains tax following its purchase of Ncell in Nepal, reported Japan's financial newspaper Nikkei Asian Review on Saturday.