Ministry of Finance Clarifies Final Tax Rates for Capital Gains in the Capital Market

Ministry of Finance Clarifies Final Tax Rates for Capital Gains in the Capital Market

 

The Ministry of Finance has issued a press statement clarifying that the 5% and 7.5% capital gain taxes imposed on the capital market are indeed the final tax rates. Learn about the discussion held between the Finance Ministry and share investors, where the tax rates for individuals were finalized. Discover how this clarification addresses the demands of agitating investors and brings clarity to the taxation framework in the capital market.

 

In a recent press statement, the Ministry of Finance in Kathmandu has provided clarification regarding the capital gain taxes in the capital market, affirming that the 5% and 7.5% taxes levied are indeed the final rates. The announcement came after a discussion between the Finance Ministry and share investors, led by Finance Minister Dr. Prakash Sharan Mahat.

 

Previously, there had been demands from agitating investors for the final taxes on the capital market to be set at 5% and 7.5%, with a request to scrap the provision of tax on share transactions inserted in the Economic Bill 2080. In response to these concerns, the Finance Minister assured investors that the capital gain taxes imposed were indeed final.

 

The discussion, attended by Finance Secretary, the Director General of Internal Revenue Department, Chairman of SEBON, Chief Executive Officer of NEPSE, officials from the Broker Association, and agitating investors, aimed to address the concerns and bring clarity to the tax rates and provisions in the capital market.

 

With this clarification from the Ministry of Finance, investors and stakeholders in the capital market can now have a clear understanding of the final tax rates applicable to capital gains. This announcement marks an important step towards streamlining the taxation framework and providing a stable environment for investors in the capital market.