New Capital Gain Tax to be effectively implemented from Shrawan 1st, 2075

The budget for FY 2075/76 has increased the rate of capital gain tax for the investors. In case of gain from sale of listed shares a resident natural person will be entitled to pay 7.5%,  resident entity will be entitled to pay 10% and others will be entitled to pay 25% as capital gain tax. Previously, the tax rate was 5% and 10% for resident individual and others respectively.

Similarly, for the gain from sale on non-listed shares, a resident natural person will be entitled to pay 10%, resident entity will be entitled to pay 15% and others will be entitled to pay 25% as capital gain tax. Previously, the tax rate was 10% for resident individual and 15% for others.

However, a lot of confusion regarding the implementation has been covering the market. Clearing the confusion, Mr. Chandra Singh Saud, CEO of NEPSE stated that the new Capital Gain Tax will be implemented effectively from the 1^st of Shrawan marking the beginning of Fiscal Year 2075/76.