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Taxing Mergers & Acquisitions in Nepal

As per the Section 47A of Income Tax Act- "If entities of similar nature carrying on banking and financial business or insurance business are merged to each other, provisions of Clauses (a), (b), (d), (e), (f) and (g) of Sub-section (2) of Section 57 shall not apply."

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Taxing Telia Sonera & Axiata Deal - Ncell, NBSM's Take

On December 21, 2015, as a part of their ambition to reduce their presence in seven Eurasian markets and focusingon their operations in the Nordics and Baltics Telia Sonera announced its divestment of 60.4 percent Stake in Ncell to Malaysian Telecom Operator Axiata

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