Transparency in cross-border mergers and acquisitions

Telecom

Ncell’s tax dispute: A setback for the telecom giant

June 18, 2023

The Nepal Government has won a landmark tax dispute against Ncell, the country’s largest telecom company. The dispute centered on whether Ncell should have paid taxes when it was acquired by the Axiata Group in 2016. Ncell had argued that it was not liable to pay taxes because the acquisition was structured as a transfer […]