Breaking News: Capital Gain Tax in share market is reduced to 5% from 7.5%.

Government has reduced the Capital Gain Tax (CGT) in share market to 5% from existing 7.5% for an individual person. Whereas, for the institution it is remained unchanged at 10%. The decision to reduced the CGT has been announced by Finance Minister today at the budget speech given by him of FY 2076/77.

Also, the tax calculation on bonus and right share will be based on weighted average method from present individual scrip base rate method.

However, new tax calculation will be implemented from Shrawan 1, 2076 onwards.

Both CGT and bonus/ right share tax calculation decision will definitely uplift the sentiments of the people towards capital market of Nepal