Capital gains tax on share trading declared final tax
Summary
The government of Nepal has declared that capital gains tax on share transactions will be treated as a final tax starting from fiscal year 2083/84, eliminating further tax on profits from shares.
Key Points
- Capital gains tax on share transactions will be treated as a final tax from fiscal year 2083/84.
- Investors will not have to pay any additional tax after paying capital gains tax on share trading profits.
- Income on which capital gains tax has been paid will not be counted as personal income or taxed under personal income tax.
- Currently, investors holding shares less than a year pay 7.5% capital gains tax; those holding more than a year pay 5%.
