SEBON conducts interaction about long-due PAN implementation in stock trading; investors and brokers urge to lay necessary foundation before taking any big decision

Securities Board of Nepal (SEBON) has conducted an interaction event on Falgun 13, 2075 about the relevance and urgency to implement Permanent Account Number (PAN) in the only stock market of the nation. The event was attended by heads of several agencies including Inland Revenue Department, NEPSE, CDSC, Merchant Bankers Association, Stock Brokers Association, different investors associations and other general public.

The different investors groups present in the interaction raised range of issues such as whether the Capital Gain Tax of 7.5% is the final financial burden upon the investors, if the loss incurred in the previous year be adjusted while determining the value of tax, no provision for the seller of the stock to have PAN which is currently mandatory only for the buyer, etc.

All the investors representatives suggested the concerned authorities to implement the PAN in the stock market only after ensuring people in every corner of the nation has access to the service and after the nation including the investors are prepared in terms of infrastructure and knowledge to obtain the PAN.