All tax requirements met in Nepal

A Swedish daily today reports that the Nepalese government has sent a letter to its Swedish counterpart regarding a tax claim following Telia Company’s divestment of Ncell to Axiata in 2016. The letter does not change Telia Company’s position: there are no tax obligations in Nepal on the foreign part of the transaction.

Telia Company has stated repeatedly that it 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 letter to the Swedish government does not change Telia Company’s position.

All tax requirements met in Nepal

No tax claims following sale of Ncell