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Govt advised to collect capital gains tax from Ncell

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KATHMANDU — Finance Committee under the Legislature-Parliament on Friday issued a guideline to the Ministry of Finance to look for the capital gain tax (CGT) payment from the telecommunications service provider Ncell.

The Committee meeting took a decision that the company with registration, investment and profit made from transaction within Nepal should pay the capital gains tax in Nepal.

The Committee has also instructed the Ministry of Industry and the Ministry of Information and Communications to forward the company’s commercial plans and proposals including the capital increment only after settling the entire tax related issues.

The Committee has called for collecting the tax and is waiting for submission of the related detail, Committee Chairman Prakash Jwala said.

The committee has also decided to direct the Ministry of Industry and Ministry of Information to allow Ncell to take forward its capital increment and other commercial plans only after the company pays all its taxes.

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PM congratulates Nepali national cricket team

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KATHMANDU— Prime Minister KP Sharma Oli has congratulated Nepali national cricket team for being able to clinch the International T20 series.

PM Oli in a tweet extended best wishes and congratulations saying he was very happy to know Nepal’s win over the UAE by 14 runs in the third match of the series.

Winning T20 series is another landmark success for Nepali cricket, he said, adding, “It is big achievement for Nepal’s cricket. I would like to heartily congratulate entire members of Nepali cricket squad”.

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