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Ncell paid Capital Gains Tax 2017

Why Ncell paid Rs 13.6 billion in CGT ?

Ncell has paid the Capital Gain Tax (CGT) amidst a debate over whether the tax should be paid or not and who should pay the tax as there was no clear provision on acquiring CGT on offshore transactions. The amount paid by the Ncell as the CGT calculates to be the 15 percent of the share transactions. Malaysian telecom giant Axiata had bought…
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