All tax requirements met in Nepal

Swedish and international media recently reported on taxes paid by Ncell. Telia Company divested Ncell in April 2016 and refers all questions about present tax payments to Ncell and its new owner Axiata. Telia Company met all tax requirements on the Nepalese operation Ncell during the years 2008-2016, and in relation to the sale of the subsidiary in 2016 to Axiata.

The Nepalese tax authority recently send a letter to Telia Company with a request to pay tax on the foreign part of the transaction. The letter does not change Telia Company’s position that all tax requirements were met when Ncell was divested.