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Govt collects Rs 11 billion in revenue in a single day following SC verdict on tax row related to mergers and FPO premium
December 16, 2023 08:05 am
KATHMANDU, Dec 16: With the Supreme Court (SC) paving the way for the government to implement its decision to impose tax on mergers and Further Public Offerings (FPOs) premium, the government generated revenue of Rs 11.3 billion in a single day on Friday.
SC rules BFIs to settle income tax dues on profits, dividends on merger, FPO premium within two days
December 15, 2023 09:30 am
KATHMANDU, Dec 15: The Supreme Court (SC) on Thursday rejected the plea of the bankers, asking them to pay income tax dues on profits and dividends generated from the premium of Further Public Offerings (FPOs) and on the gains obtained during merger and acquisition transactions.
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PM directs to halt tax on FPOs
April 17, 2023 09:15 am
KATHMANDU, April 17: Prime Minister Pushpa Kamal Dahal has directed the stakeholders to postpone the decision on imposing tax on share premium amount sold through the further public offerings (FPOs). The prime minister has also asked to seek a long-term solution to this issue.
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